ECB’s Knot backs one or two more rate cuts this year
European Central Bank policymaker Klaas Knot on Thursday backed market expectations for one or two more interest rate cuts this…
US job market shows signs of cooling; housing still struggling
Fewer Americans enrolled for unemployment benefits for the first time last week, Labor Department data showed on Thursday, though the…
Global foreign investment weak in 2023, funding for sustainable development sectors drops over 10%
In 2023, global foreign direct investment (FDI) decreased by 2% to $1.3 trillion, according to the latest World Investment Report…
Turkey to impose minimum corporate tax in latest savings plan
Turkey is nearly finished work on a new savings plan that aims to strengthen fair taxation including a minimum corporate…
India economic inequality to persist despite roaring GDP growth
The Indian economy is likely to remain the fastest-growing major one in coming years, but a majority of independent economists…
China leaves benchmark rates steady as PBOC walks tight rope
China left benchmark lending rates unchanged at a monthly fixing on Thursday, in line with market expectations. WHY IT’S IMPORTANT…
Taiwan May export orders top forecasts on AI demand
Taiwan’s export orders rose more than expected in May as the tech powerhouse continues to reap the benefits of a…
Asked on BRICS, Turkey’s finmin says country doesn’t want to decouple from “core” partners
Turkey wants to stick with its “core” trade partners such Europe rather than decouple and join the likes of China,…
US regulators at odds over whether to issue new draft of bank capital hikes
U.S. bank regulators are arguing over the path forward for rules easing bank capital hikes, with some wanting to allow…
Bank of Japan warns of potential hit to lenders from rising rates
Japanese financial institutions’ profitability has decreased significantly in the past 25 years, making them vulnerable to potential losses from any…