UK inflation pressures stay hot, reducing chance of August rate cut
British inflation defied forecasts for a slight fall and held at 2% in June while strong underlying price pressures prompted…
Unlocking Trade Through Economic Growth in the Middle East and North Africa
The Trade Facilitation Support Program in the Middle East and North Africa (MENA) region — funded by the Government of…
US single-family housing starts slump to eight-month low
U.S. single-family homebuilding fell to an eight-month lowin June amid higher mortgage rates, suggesting the housing market was likely a…
‘Luxury shame’: China’s rich shy away from flaunting their wealth amid economic jitter
China’s rich are growing more cautious about flaunting their wealth as the economy faces headwinds, putting the country’s luxury market…
From political fog, world growth doubts creep back in
In all the hubbub about election uncertainty and the dash for the most lucrative financial trades to exploit it, creeping…
ADB Raises Developing Asia and the Pacific’s Economic Growth Forecast for 2024
The Asian Development Bank (ADB) has slightly raised its economic growth forecast for developing Asia and the Pacific this year…
ECB on mission “Gentle Summer Break”
There hasn’t been a lot of important data releases since the ECB’s June meeting. If anything latest data have pointed…
Fed getting ‘closer’ to rate cuts, top officials say
Top U.S. Federal Reserve officials on Wednesday touted interest rate cuts as getting “closer” after taking note of inflation’s improved…
Maersk says Red Sea shipping disruption having global effects
Denmark’s A.P. Moller-Maersk said on Wednesday that disruption to its container shipping via the Red Sea had extended beyond trade…
Taiwan’s MFIG buys 65,000 T corn, expected U.S. origin
Taiwan’s MFIG purchasing group bought about 65,000 metric tons of animal feed corn expected to be sourced from the United…