Category: Economy
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Vietnam’s leader Lam meets US corporations, pledges to boost tech economy By Reuters
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Vietnamese President To Lam has pledged to expand the country’s semiconductor and artificial intelligence industries during meetings with major U.S. companies in New York, as the communist-ruled nation seeks more investment from technology and other U.S. firms. Lam, on his first visit to the United States as Vietnamese president, is…
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China Unleashes Stimulus Package to Revive Economy, Markets
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BEIJING, Feb. 11 (Xinhua) — China’s central bank has unveiled a broad package of monetary stimulus measures to revive the world’s second-largest economy, underscoring growing concern within Xi Jinping’s government over slowing growth and falling investor confidence. Most Read from Bloomberg People’s Bank of China Governor Pan Gongsheng cut the…
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China Unleashes Stimulus Package to Revive Economy, Markets
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BEIJING, Feb. 11 (Xinhua) — China’s central bank has unveiled a broad package of monetary stimulus measures to revive the world’s second-largest economy, underscoring growing concern within Xi Jinping’s government over slowing growth and falling investor confidence. Most Read from Bloomberg People’s Bank of China Governor Pan Gongsheng cut the…
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People’s Bank of China Governor says must support steady recovery of prices, economy
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Governor of the People’s Bank of China Pan Gongsheng: Monetary and fiscal policies must be coordinated. It should support a steady recovery in prices in the economy. By the end of the year, we may further reduce the RRR. After the reduction in the reserve requirement ratio, the weighted financial…
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Fed’s Waller: We’re at a point where the economy is strong and we want to keep it that way
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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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Thailand’s slumping economy is new leader Paetongtarn’s focus in her first parliamentary speech
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Gintama Saksuranchai Published on September 12, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content BANGKOK (AP) — Thailand’s new Prime Minister Paithongtarn…
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Greece won’t be turning into Switzerland or Sweden any time soon as economy continues to suffer after years of recession
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Greek barista Kyriakos Giannichronis has seen headlines about his country’s newly booming economy after years of stagnation — but he doesn’t feel wealthy. The Athens resident has only about 150 euros ($170) to spare at the end of the month, despite getting a good deal on rent and earning just…
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Brits turn to ‘sweet treat economy’ for mood boosts amid economic challenges
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Despite a blistering summer, high interest rates and looming tax rises, Britons are spending more on small luxuries such as pastries and cosmetics, a trend Barclaycard has dubbed the “confectionery economy”. According to Barclaycard, consumer spending on cards rose 1% in August after two months of decline, with nearly half…
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Oasis reunion tour set to boost uk economy, benefiting Labour and the treasury
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The long-awaited Oasis reunion tour is expected to deliver more than just nostalgic songs; it is expected to provide a significant boost to the British economy, a move that could be beneficial for the Labour Party. According to Paul Haywood-Schaefer, senior director at audit and consulting firm Blake Rothenberg, the…
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US Steel Industry Sees Economy Reviving Demand in 2025
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Breadcrumbs Path Links PMN Business U.S. steel industry executives say they are optimistic that demand for the industrial material will rebound next year, recovering from weak demand and low prices that hobbled the industry in 2024. Article author: Bloomberg News Sana Pashankar Published on August 31, 2024 • Read for…
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PDD’s $55 billion stock crash sends warning on Chinese economy
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(Bloomberg) — One of the last remaining bright spots in Chinese consumption is fading fast, as the country’s economic malaise saps demand for even the most accessible goods. Most Read from Bloomberg In the latest warning to global markets about the health of China’s economy, Temu owner PDD Holdings (PDD)…
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Earnings season was a better guide to the economy than the data
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Walmart CEO Doug McMillon The stock market’s big turnaround in August was impressive in many ways, but when I step back, there’s a big question being asked and answered: Is the Fed behind the curve? This issue involves a set of assumptions about the US economy, and if we look…
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Household confidence in UK economy wanes after six months of growth
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British household confidence in the economy has fallen for the first time in six months, according to the latest results from the GfK consumer confidence survey. The long-term index, which dates back to the 1970s, remained unchanged at -13, slightly above the long-term average of -18 but below Citi analysts’…
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Household confidence in UK economy wanes after six months of growth
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British household confidence in the economy has fallen for the first time in six months, according to the latest results from the GfK consumer confidence survey. The long-term index, which dates back to the 1970s, remained unchanged at -13, slightly above the long-term average of -18 but below Citi analysts’…
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BOJ Governor Ueda says concerns over US economy slowdown behind recent market rout
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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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Recession indicator now slows the economy, creator says
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The creator of the inverted yield curve, a recession indicator with a decades-long track record of accuracy, said it has evolved beyond just a warning of a future slowdown and now has implications for the economy. The reversal occurs when long-term bond yields fall below short-term bond yields, an anomaly…
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Scammers prey on young Chinese desperate for jobs in bleak economy By Reuters
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By Ethan Wang and Ryan Wu BEIJING (Reuters) – A Chinese mother has taken to television to demand justice for her 19-year-old mentally disabled son after con artists tricked the desperate job seeker into having breast enlargement surgery in an incident that sparked widespread outrage. The teenager, who was hoping…
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The Fed will only cut rates once this year because the US economy is too strong, market vet says
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U.S. Federal Reserve Chairman Jerome Powell speaks during a Senate Banking, Housing and Urban Affairs Committee hearing on the semiannual monetary policy report to Congress at the U.S. Capitol on July 9, 2024 in Washington, D.C. Powell was quoted as saying in previous remarks, “We want to be more confident…
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Don’t rush back into the stock market as more pain is coming if the economy keeps slowing, Stifel chief strategist says
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iStock; Rebecca Zisser / P Barry Bannister of Stifel said stocks have risen since last week’s sell-off, but there is still reason for caution. The Fed’s 2% inflation target is “just a pipe dream” while the housing market is expected to recover, Bannister said. He reiterated his prediction of a…
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Atlanta Fed Pres. Bostic: Balance of risks and economy is getting back to level
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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…