About 300 employees of the U.S. Federal Reserve system will lose their jobs this year, a minor but unusual fall in the workforce for a company that has been gradually expanding since 2010 as its influence in the economy and… Read More ›
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China Promises To Swiftly Implement Further Economic Measures
Following the economy’s hesitant stabilisation, state media outlet CCTV claimed on Wednesday that China would expedite the deployment of additional policies to support its economic recovery. The news was based on a cabinet meeting presided over by Premier Li Qiang…. Read More ›
Despite Criticism From The West, China Pushes For Closer Trade Ties With Russia
China and Russia pledged Tuesday to forge ever-closer economic ties despite opposition from the West following Russia’s invasion of Ukraine last year. China supported expanded cross-border connectivity with Russia as well as stronger mutual trade and investment cooperation. Tuesday’s “in-depth”… Read More ›
What Impact Can Rising Tensions Have On Trade Between India And Canada?
As tensions build following Prime Minister Justin Trudeau’s statement that police are looking into “credible allegations” linking New Delhi’s operatives to the death of Sikh separatist leader Hardeep Singh Nijjar, trade discussions between India and Canada have been hampered. On… Read More ›
Survey Shows U.S. Corporate Optimism About The Future Of China Reaching Record Low
A study released on Tuesday revealed that political unrest and a faltering economy are eroding the confidence of American companies doing business in China, with the percentage of firms confident in their five-year outlook at a record low. According to… Read More ›
Instacart Is Worth $9.9 Billion As The IPO Market Recovers
The parent company of the grocery delivery service Instacart, Maplebear Inc., announced on Monday that the price of its initial public offering (IPO) at the upper end of its suggested range resulted in a $9.9 billion fully diluted value. This… Read More ›
Goldman Sachs Predicts That The Fed Is Unlikely To Raise Rates In November
The US Federal Reserve is not expected to increase interest rates during its meeting on October 31 to November 1, according to Goldman Sachs strategists, who also predicted that when policymakers meet next week, the U.S. central bank would raise its… Read More ›
SoftBank’s Son Envisions A Deal-Making Binge Following Arm’s IPO, While SoftBank Seeks An Alliance With OpenAI
After the successful offering of its Arm company, SoftBank is seeking deals in artificial intelligence (AI), including a prospective investment in OpenAI, the Financial Times reported on Saturday. Masayoshi Son, the founder and CEO of SoftBank, plans to invest tens… Read More ›
Federal Reserve Losses Surpass $100 Billion As Interest Rates Rise
The losses of the US Federal Reserve have surpassed the $100 billion level and are certain to rise significantly before the bleeding stops, according to the latest data from the institution. The U.S. central bank is still losing money on… Read More ›
With Concerns Growing, Western Companies Shift Investment From China To India
According to a Rhodium Group research, American and European businesses are diverting their investment away from China and into other emerging economies. The majority of this capital is being diverted to India, followed by Mexico, Vietnam, Malaysia, and then China…. Read More ›
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