Category: Economic
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Janet Yellen says lowering carbon emissions is ‘greatest economic opportunity’
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U.S. Treasury Secretary Janet Yellen traveled to the mouth of the Amazon River on Saturday, where she made the case that combating climate change would boost economic growth in the region and around the world. The needed shift to reduce carbon emissions is “the greatest economic opportunity of the 21st…
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Economic calendar in Asia on Thursday, July 25, 2024 – some data from Japan
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Argentina’s parallel peso strengthens on new economic measures, stock index plummets By Reuters
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BUENOS AIRES (Reuters) – Argentina’s black market peso strengthened against the U.S. dollar on Monday while local stocks suffered after new economic measures introduced by President Javier Milei’s government over the weekend took effect. Argentina’s economy minister on Saturday announced a plan to halt expansion of the monetary base in…
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Powell and the Empire Fed highlight the economic calendar
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Powell checks the calendar (AI image) I wish you a happy Monday and certainly a happier one than it could have been. The Fed chairman spoke twice last week, so it’s hard to imagine he’ll change his stance, but he had the CPI from the second day of his testimony,…
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China plenum meeting against the background of calls for more economic stimulus
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In case you missed it, China’s weak Q2 GDP data is here in this post, and it’s wrong for both the quarter/year and the year: The reasons behind China’s relatively slow growth are not mysterious: Long-term downturn in the real estate market Real estate sector is burdened with debt Household…
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Could a deregulatory policy agenda boost economic activity? By Investing.com
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As the 2024 presidential election approaches, an economic question everyone needs to answer is: Can a deregulatory policy agenda under a potential second Trump administration boost economic activity? While both candidates face constraints on further fiscal expansion, former President Trump has called for deregulation to boost domestic growth. On the…
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Janet Yellen is a fan of ‘Diners, Drive-ins and Dives’ and visiting restaurants to go beyond economic data
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Janet Yellen has been at the top of economic policymaking for decades, having previously served as chair of the Federal Reserve, president of the Federal Reserve Bank of San Francisco, and chair of the White House Council of Economic Advisers, among other roles, before becoming Treasury secretary. But her visits…
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Rachel Reeves unveils new economic advisory council to drive UK growth
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Rachel Reeves is set to announce the creation of an economic advisory council to lead Labour’s core “national mission” of economic expansion following the party’s recent landslide general election victory. The Council will be chaired by John Van Reenen, a leading expert on innovation and former Downing Street policy adviser…
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UK Chancellor Reeves speaks Monday: Focus on making economic growth a “national mission”
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Investors’ pessimism lessens as economic data leans in favor of rate cuts
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Investors’ pessimism about the short-term outlook for the stock market eased this week, as recent economic data boosted hopes for interest rate cuts. A total of 26.1% of respondents to the American Association of Individual Investors, or AAII, survey, He said Investors believe the market will head lower in the…
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Economic calendar in Asia 05 July 2024 while we wait for the US employment data
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Stock Market News Today: Markets notch new all-time high after economic data (SP500)
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The Standard & Poor’s 500 index of U.S. stocks on Wall Street on Wednesday hit an all-time daily high, after fresh economic data supported a scenario in which the Federal Reserve will be able to start easing monetary policy. Traders will see a cut session. Ahead of the Independence Day…
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Kenya economic growth slows down to 5pc in first quarter
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Kenya’s economy grew at a slower pace of 5% in the first three months of 2024 compared to 5.5% in the same period last year, in a period of turbulent business environment and high interest rates. A report released by the Kenya National Bureau of Statistics showed that all sectors,…
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Futures inch up in anticipation of economic data, Fed meeting minutes
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(Reuters) – U.S. stock index futures were slightly higher in pre-holiday trading on Wednesday as investors prepared for the jobs report among a series of economic data along with minutes from the Federal Reserve’s June policy meeting. The stock market is set to close early on Wednesday and remain closed…
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Futures inch up in anticipation of economic data, Fed meeting minutes
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(Reuters) – U.S. stock index futures were slightly higher in pre-holiday trading on Wednesday as investors prepared for the jobs report among a series of economic data along with minutes from the Federal Reserve’s June policy meeting. The stock market is set to close early on Wednesday and remain closed…
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USDC Becomes First Major MICA Compliant And Regulated Stablecoin In The European Economic Area (EEA)
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In a significant development for the digital assets landscape, circleCircle, a global fintech and USDC issuer, announced that its French entity has become the first global stablecoin issuer to achieve compliance with the European Union’s pioneering Markets for Crypto-Assets (MiCA) regulatory framework. This achievement underscores Circle’s commitment to building a…
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USDC Becomes First Major MICA Compliant And Regulated Stablecoin In The European Economic Area (EEA)
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In a significant development for the digital assets landscape, circleCircle, a global fintech and USDC issuer, announced that its French entity has become the first global stablecoin issuer to achieve compliance with the European Union’s pioneering Markets for Crypto-Assets (MiCA) regulatory framework. This achievement underscores Circle’s commitment to building a…
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Economic calendar in Asia Tuesday, 2 July 2024 – RBA June meeting minutes
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Asia markets mostly rise as traders digest mixed Chinese PMI, other region’s economic data
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primeimages/E+ via Getty Images Stock markets in the Asia-Pacific region started the second half of the year on a positive note as investors digested mixed Chinese PMI data, and the data showed that confidence among large Japanese manufacturers improved to a two-year high in the second quarter amid… Improving economic…
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Economic turmoil in Bolivia fuels distrust in government and its claim of a ‘failed coup’
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Breadcrumb links PMN Business Article author: Associated Press Megan Janetsky and Paula Flores Published on July 1, 2024 • 5 minute read You can save this article by registering for free here. Or log in if you have an account. Article content LA PAZ, Bolivia (AP) — “I buy dollars”…