Economy

Brazil’s central bank seems to be facing a tough decision when it comes to inflation. According to the minutes from their policy meeting, they are willing to raise interest rates if necessary to bring inflation down to their target. This indicates a sense of urgency and concern about the current inflationary pressures in the economy.

The Greater Toronto area experienced a decline in home sales during the month of July, following a surprising increase in June that had broken a four-month streak of decreases in home deals. The Toronto Regional Real Estate Board (TRREB) reported a 1.7% drop in seasonally adjusted sales in July, after observing a 3.2% rise in

The recent announcement of Google’s non-exclusive license agreement with Character.AI has sparked discussions and debates within the tech industry. This deal signifies a strategic move by Alphabet to acquire the chatbot maker’s large language model technology, further strengthening its AI capabilities. Similar to previous deals struck by Microsoft and Amazon, Google’s agreement with Character.AI is

The global financial markets were hit hard by recession fears, with major share indices in Asia plunging deep into the red. The concerns stem from the possibility of the United States slipping into a recession, triggering a massive wave of risk aversion among investors. This has led to a growing belief that interest rates will

The article discusses how central banks around the world are cutting interest rates, with the Bank of England having already done so and the Federal Reserve preparing for a cut in September. There is a sense of anticipation among investors, with global stocks, cryptocurrencies, and bonds rallying in the hopes of central banks lowering interest

The recent selloff that rocked equity markets worldwide is leaving investors in a state of uncertainty. The S&P 500 and Nasdaq Composite have both experienced significant drops, with the Nasdaq recording its first 10% correction since 2022. The sharp decline in both Europe and Asia, especially Japan’s Nikkei index, has raised concerns among market participants.

Richmond Federal Reserve President Thomas Barkin expressed his views on the unexpected weak U.S. jobs data, stating that he is not inclined to alter his monetary policy outlook at this time. Despite acknowledging the softer turn in July hiring data, Barkin emphasized that he does not preemptively judge upcoming meetings. He emphasized the need to

The recent decision by the U.S. Commerce Department to continue classifying Vietnam as a non-market economy country has left Hanoi disappointed. This decision comes despite Vietnam’s efforts to demonstrate economic reforms and seek an upgrade that would reduce anti-dumping duties on its imports. The classification of Vietnam as a non-market economy puts it in the

After the release of the weaker July nonfarm payrolls report, many experts have expressed doubts about the accuracy of the data. The report showed that nonfarm payrolls only increased by 114,000, falling short of economist expectations. Additionally, the unemployment rate unexpectedly ticked up to 4.3%, causing concern among investors and analysts. Some experts have pointed

In July of this year, U.S. job growth slowed down more than anticipated. Nonfarm payrolls only increased by 114,000 jobs, following a downwardly revised 179,000 gain in June. This slowdown has raised concerns about the health of the labor market and the possibility of an impending recession. The unemployment rate increased to 4.3% in July,

Investors are facing a challenging time as risk assets are poised for a significant downturn in European and global markets. The recent softer-than-expected ISM report on U.S. manufacturing has sparked worries about the economic outlook. This has caused a shift in sentiment, with optimism over the Federal Reserve’s signals on a September rate cut being

The advisory board to the German Finance Ministry has raised concerns about the three options being considered to reduce a 17 billion euro budget shortfall. In a letter that was obtained by Reuters, the board highlighted the problematic nature of these options. These options include using extra funds from state bank KfW, converting grants from