Fed projected to cut interest rates by 125 bps over rest of 2024 – Citi
The Federal Reserve could react to the latest nonfarm payrolls figures by rolling out 125 basis points in cut at…
Draghi urges EU to catch up rivals or face ‘slow agony’
The European Union needs far more coordinated industrial policy, more rapid decisions and massive investment if it wants to keep…
Greece to spend an additional 3.5 bln euros next year on wages, pensions
Greece will spend an additional 3.5 billion euros ($3.9 billion) next year on pension and wage hikes and on defence,…
UK labour market loses steam in August, recruiters say
Britain’s labour market cooled noticeably last month as job placements fell sharply and pay growth slowed, according to a survey…
German minimum wage should exceed 15 euros, labour minister says
Germany should raise its minimum wage to over 15 euros ($16.59)per hour from 2026, Labour Minister Hubertus Heil told a…
Japan’s Q2 GDP growth revised down; softer consumption to test BOJ policy
Japan’s economy grew at a slightly slower pace than initially reported in the second quarter, hurt by downward revisions in…
India inflation likely held steady at five-year low of 3.50% in August
Indian consumer inflation probably held below the Reserve Bank of India’s 4.0% medium-term target for a second month in August…
Kuwait Petroleum became top jet fuel supplier to northwest Europe in 2024
Kuwait Petroleum Corp (KPC) was the top jet fuel supplier to northwestern Europe last year and is looking to expand…
US LNG export dominance tested as Europe’s demand wilts
The United States has remained the largest exporter of liquefied natural gas (LNG) so far in 2024, but a steep…
Rising Asian thermal coal imports driven by Japan, S.Korea
Asia’s imports of seaborne thermal coal ticked up in August to the highest in eight months, but the strength was…