Category: Economy
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Meitav: 5 reasons for optimism on Israeli economy
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In his weekly poll, Alex Zabiginski, chief economist at investment house Mitav, paints a positive picture of the Israeli economy, which contradicts recent negative assessments. He writes that the “wisdom of crowds” in markets is justified. Although there are significant downside scenarios, in the main scenario the risk to growth…
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Meitav: 5 reasons for optimism on Israeli economy
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In his weekly poll, Alex Zabiginski, chief economist at investment house Mitav, paints a positive picture of the Israeli economy, which contradicts recent negative assessments. He writes that the “wisdom of crowds” in markets is justified. Although there are significant downside scenarios, in the main scenario the risk to growth…
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Charting the Global Economy: ECB Lowers Rates as Inflation Wanes
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Breadcrumb links BMN Business The European Central Bank has cut interest rates for the third time this year as a rapid decline in inflation allows policymakers to provide support to the region’s faltering economy. Article writer: Bloomberg News Vince Juhl and Molly Smith Posted on October 19, 2024 • 3…
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A hot economy is good enough for stocks — and even for rate cuts
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This is the takeaway from today’s morning briefing, and what you can do subscription Received in your inbox every morning with: The bullish euphoria that came from the prospect of a quick return to neutral interest rates after the Fed’s 50 basis point cut in September has faded. But it’s…
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AUD Sharply Higher as Australian Economy Added 64.1K Jobs in September
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Australian jobs numbers for September were mostly in the green, with the economy reporting a much faster pace of hiring for the month at 64.1k versus an expected increase of 25.2k. This was enough to keep the unemployment rate at 4.1% instead of the expected reading of 4.2%. The previous…
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Fed’s Bowman does not comment on Fed policy or the economy at speaking engagement
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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 or…
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UK economy returns to 0.2% growth in August after months of stagnation
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The UK economy returned to growth in August, expanding by 0.2% after two months of recession, according to official figures from the Office for National Statistics (ONS). This growth was in line with economists’ expectations, after 0% growth recorded in June and July. The economy also grew by 0.2% over…
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Japan economy minister Akazawa says drop in real wages is not good news
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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 or…
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Japan economy minister Akazawa says drop in real wages is not good news
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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 or…
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Santander calls for government focus on leadership, digital, and sustainability skills to future-proof UK economy
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Santander Bank in the UK has urged the government to prioritize leadership, digital and sustainability skills in its new National Skills Plan to address the UK’s productivity crisis and prepare the workforce of the future. In a newly published report entitled Tomorrow’s Skills, Santander highlights three key societal shifts –…
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Smotrich on Moody’s downgrade: Israel’s economy is strong
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Finance Minister Bezalel Smotrich gave an initial reaction last night to the downgrade of Israel’s sovereign rating by Moody’s to Baa1. In his statement, Bezalel tries to soften the blow, promising to pass the budget, hinting at planned austerity measures, perhaps in an attempt to send a signal to other…
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Canadian dollar expected to strengthen in 2025 as rate cuts boost economy: Reuters poll By Reuters
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By Fergal Smith TORONTO (Reuters) – The Canadian dollar is expected to continue its recovery against its U.S. counterpart next year as lower borrowing costs support economic growth in Canada and investors’ appetite for risk increases, a Reuters poll showed. The Canadian currency has risen 3.3% since reaching a two-year…
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Twiga Partnership Leads Extractive Industry’s Contribution to Tanzanian Economy By Investing.com
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All amounts are expressed in US dollars unless otherwise stated BULIANHULU, Tanzania, Oct. 05, 2024 (GLOBE NEWSWIRE) — The Twiga partnership between Barrick Gold Corporation (NYSE:)(TSX:ABX) and the Tanzanian government contributes 51% of government revenues from the extractive industry, according to the latest Extractive Industry Transparency Initiative report In Tanzania.…
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Given full attention, mining sector will transform Kenya’s economy
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Principal Secretary for Mining (PS) Elijah Mwangi interviewed by Daily chores Last week revealed what has been achieved in the mining sector. This was a timely effort because it dispelled the image of a department operating in managed secrecy. However, the Socialist Party has not spoken about the full results…
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Stablecoins represent 40% of crypto economy in Sub-Saharan Africa
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As companies shift to dollar-linked options, stablecoins now account for more than 40% of the cryptocurrency economy in Sub-Saharan Africa. Stablecoins have emerged as a vital component of the cryptocurrency economy in Sub-Saharan Africa, accounting for about 43% of the region’s total transaction volume, according to a recent study. a…
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Stablecoins represent 40% of crypto economy in Sub-Saharan Africa
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As companies shift to dollar-linked options, stablecoins now account for more than 40% of the cryptocurrency economy in Sub-Saharan Africa. Stablecoins have emerged as a vital component of the cryptocurrency economy in Sub-Saharan Africa, accounting for about 43% of the region’s total transaction volume, according to a recent study. a…
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The Economy Is Outperforming in Swing States — It’s Good News for Harris
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Breadcrumb links BMN Business Six of the seven states expected to decide this year’s US presidential election saw growth faster than the US economy as a whole in the second quarter, adding to the latest tailwind for Vice President Kamala Harris nearly a month after voting. Article writer: Bloomberg News…
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Germany economy is ‘stuck in stagnation,’ ING says
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A major European bank has warned that the German economy is “stuck in a recession” as months of bad news have created seemingly endless negative sentiment and exacerbated key structural issues. Head of Global Macroeconomic Research at ING I painted A bleak picture for Germany’s struggling economy after a key…
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Germany economy is ‘stuck in stagnation,’ ING says
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A major European bank has warned that the German economy is “stuck in a recession” as months of bad news have created seemingly endless negative sentiment and exacerbated key structural issues. Head of Global Macroeconomic Research at ING I painted A bleak picture for Germany’s struggling economy after a key…