Following the lifting of import restrictions that increased demand for the dollar, Pakistan’s rupee closed at a record low of 299 rupees against the dollar on Tuesday in the interbank market, according to statistics from the central bank. In order… Read More ›
The US Federal Reserve finally came to terms with the slow U.S. recovery from the 2007–2009 recession during its policy meeting in September 2016. This followed years of consternation. According to transcripts of a meeting where policymakers cut their median… Read More ›
The second quarter revenue for Chinese tech company Baidu exceeded expectations, increasing by 15% year over year and supported by increase in advertising. According to Refinitiv statistics, this was the fastest quarterly year-over-year increase speed in two years. In pre-market… Read More ›
According to a recent Human Rights Watch investigation, Saudi border guards are responsible for the widespread murder of migrants along the Yemeni border. According to the story, hundreds of people have reportedly been shot to death, many of them Ethiopians… Read More ›
For the first time in over two and a half years, Japan’s exports declined in July due to weaker demand for chip-making equipment and light oil, highlighting worries about a possible global recession as important markets like China deteriorated. According… Read More ›
Following a decrease of -0.4% between January and March, the Dutch GDP shrank by -0.3% quarter-on-quarter in the second quarter of 2023. Additionally, GDP in the second quarter was 0.3% lower than it was in the corresponding quarter in 2022…. Read More ›
Worries that China’s worsening real estate sector problem is choking what little economic momentum there is have increased in response to missed payments on investment products by a major Chinese trust firm and a decline in home prices. Angry investors… Read More ›
Retail sales, industrial output, and investment figures for China’s economy for July fell short of forecasts, raising fears of a more significant and protracted downturn in development. There have been previous inaccurate predictions about the end of China’s growth. Is… Read More ›
Japanese automakers are benefiting from a tried-and-true strategy as the cheaper yen supports earnings in the face of weakening sales in China and the increasingly difficult transition to electric vehicles. The currency was a contributing factor in the recent earnings… Read More ›
On Tuesday, China’s central bank unexpectedly reduced key policy rates for the second time in three months, providing more evidence that policymakers are stepping up their monetary easing initiatives to support the economy’s faltering recovery. Analysts claimed that the action… Read More ›
