Economy

European Central Bank policymaker Gabriel Makhlouf is taking a cautious stance on interest rate cuts, signaling that he is comfortable with just one more cut this year. Despite market expectations for at least two more cuts by December, Makhlouf emphasized the need for more time to gain confidence that inflation is heading towards the ECB’s

Wall Street’s index futures took a hit on Tuesday as megacap stocks saw a pullback following a strong session. Companies such as Microsoft, Apple, and Amazon.com slipped in premarket trading after experiencing significant gains the day before. Tesla also shed 1% after a notable jump on Monday, while AI chip leader Nvidia and other semiconductor

A U.S. court has recently been asked to postpone a hearing to present the winning bid in an auction of shares in the parent company of Venezuela-owned refiner Citgo Petroleum. The request was made in order to allow the court officer evaluating bids to complete his assessment and negotiations with potential buyers. The auction, originally

Recent data from a central bank survey in Japan shows that while big manufacturers are feeling more confident than they have in over two years, the service sector is facing challenges due to rising costs. The weak yen has been a key driver of these increased costs, leading to a mixed economic outlook in the

In a bold move to address the challenges posed by a corporate and industrial crisis, Boeing has announced its intention to acquire Spirit AeroSystems in a $4.7 billion all-stock deal. This decision comes after months of negotiations between the two companies, signaling a significant shift in the aerospace industry landscape. According to Boeing, the total

The far-right National Rally (RN) party’s victory in the first round of France’s parliamentary elections has stirred up a mix of reactions among investors and market analysts. The euro experienced a slight gain, reflecting a sense of cautious optimism in early Asia-Pacific trading. However, the final outcome remains uncertain, with days of negotiations and horsetrading

The Australian real estate market has seen a consistent increase in home prices for seventeen consecutive months. Despite challenges such as high interest rates, a cost of living squeeze, and strict lending conditions, national home prices rose by 0.7% in June. This growth is indicative of the strong demand for housing in the country. The

Rising government debt levels have been identified as a significant threat to global financial markets by the Bank for International Settlements (BIS). As various major elections are set to take place this year, concerns are mounting over the impact of these events on the stability of the world economy. With global government debt already at

French voters recently embarked on a journey to participate in a snap parliamentary election that could potentially lead to the establishment of the country’s first far-right government since World War Two. This decision was prompted by President Emmanuel Macron after his centrist alliance suffered a devastating defeat in European elections at the hands of Marine

China’s economy has been facing significant challenges in 2021, with manufacturing activity falling for the second consecutive month in June. The National Bureau of Statistics (NBS) purchasing managers’ index (PMI) recorded a reading of 49.5, below the 50-mark separating growth from contraction. This has led to calls for further stimulus to help the economy recover.

German Finance Minister Christian Lindner is standing his ground against pressure from members of his government coalition to backtrack on his proposal for significant personal income tax cuts. The plan, unveiled earlier this month, aims to implement cuts totaling 23 billion euros by 2026, with adjustments to the tax-free allowance and the income threshold for

Vietnam’s economic growth has seen a positive trend in the second quarter, with a significant increase to 6.93% from the first quarter’s 5.87%. This growth has been mainly driven by robust exports and increased industrial production. The government’s General Statistics Office (GSO) has reported that the economy expanded by 6.42% in the first half of