Economy

The recent rail stoppage in Canada has raised concerns among economists and analysts regarding the potential economic impact on the country. With Canada’s two biggest freight rail operators, Canadian National Railway and Canadian Pacific Kansas City, halting operations due to a labor dispute, the implications for the economy could be significant. While some experts believe

In the current financial landscape, the dollar has shown significant weakness compared to other major currencies such as the euro. This can be attributed to various factors, one of which is the anticipation of revised U.S. payrolls data. The pressure on the U.S. currency has also been intensified by the decline in U.S. bond yields,

The anticipation of Federal Reserve Chair Jerome Powell’s speech at the end of the week has sparked a wave of optimism in global markets. Asian shares reached a one-month peak, while stock futures indicate a positive opening for London and New York. In a surprising turn, even Japan’s Nikkei index climbed to its highest level

The recent sinking of the luxury yacht Bayesian off the coast of Sicily has left a tragic aftermath with six people missing, including British tech entrepreneur Mike Lynch. The violent storm that struck the 56-meter-long sailboat led to the loss of one life on board and left authorities scrambling to locate the missing individuals. Among

The recent economic data from China has painted a grim picture, with indicators showing a further slowdown in the growth of the world’s second-largest economy. New home prices, industrial output, export, and investment growth have all faced setbacks, pushing policymakers to consider implementing more stimulus measures to reach the targeted growth rate of 5% for

Indonesia’s outgoing government recently submitted a 2025 budget plan to parliament, signaling a commitment to maintaining fiscal prudence under the next president. The budget proposal, prepared by ministers under outgoing President Joko Widodo and president-elect Prabowo Subianto’s economic team, aims for a narrower deficit of 2.53% of GDP next year, compared to this year’s expected

The recent surge in U.S. stocks can be attributed to the renewed hope for an economic soft landing, which has helped ease concerns of a looming recession. After facing a significant sell-off earlier this month, the S&P 500 has rebounded over 6% since August 5th, showcasing a rapid return to stability in the markets. This

Moody’s recent warning about the potential impact of regulatory investigations on wealth managers’ credit ratings has sparked concerns in the financial industry. The threat of a ratings downgrade could have significant repercussions for firms like Morgan Stanley and Wells Fargo, impacting their ability to borrow at favorable rates and ultimately increasing their costs of operation.

The recent appointment of Alan Taylor to the Bank of England’s Monetary Policy Committee has sparked interest in the financial world. With a background in international economics and financial crises, Taylor brings a wealth of knowledge and experience to the committee. Born in Wakefield, England, Taylor studied at the University of Cambridge before going on

The recent market trends in the U.S. have shown signs of recovery, with stocks ending higher on Friday and extending their biggest weekly gains of the year. This positive momentum comes as worries of an economic downturn have eased, leading investors to shift their focus to the upcoming Jackson Hole Economic Symposium. The S&P 500

The Asian stocks were firm on Thursday, taking their lead from gains on Wall Street. Japan’s Nikkei rose 0.5%, while Australia’s stock benchmark was up 0.1%. Mainland Chinese blue chips also added 0.4%, however, Hong Kong’s Hang Seng slipped 0.3%. U.S. S&P 500 futures indicated a 0.1% increase after the cash index advanced 0.4% on