Japan inflation-adjusted wages rise for two straight months in July
Japan’s inflation-adjusted wages rose for two consecutive months in July thanks to a bump in summertime bonuses, government data showed…
US bank profits jump but watchdog warns of stress
The U.S. banking industry recorded higherprofits in the second quarter of 2024, but the Federal Deposit Insurance Corporation on Thursday…
China issues draft rules for foreign accounting firms’ domestic operations
China’s finance ministry introduced draft rules on Thursday for managing the domestic business activities of foreign accounting firms. According to…
German industrial orders unexpectedly rise in July
German industrial orders unexpectedly rose in July, but the increase was flattered by some large orders, making economists doubtful the…
China urges US to ‘immediately’ lift all tariffs on Chinese goods
The United States should immediately lift all tariffs on Chinese goods, the Chinese commerce ministry said on Thursday, ahead of…
Large European Banks’ Profitability Metrics to Stay Strong in 2024
Europe’s largest banks are likely to achieve 2024 profitability in line with the strong levels of 2023, Fitch Ratings says…
Putin says Russia does not have a de-dollarisation policy, but is forced into other choices
Russia is not pursuing a policy of de-dollarisation, but has been forced to look for other opportunities because it has…
Private equity spoils of war bound to spread again
The metamorphosis from “private equity” to “alternative asset management” has been lucrative. To make the transition, buyout barons followed a…
India’s GDP to expand 7.2% in FY25 despite lower Q1 growth, says cenbank chief
Despite the moderation seen in India’s first quarter gross domestic product growth (GDP), the South Asian economy is likely to…
German economy set to stagnate this year, Ifo institute says
Germany’s economy is likely to stagnate this year, the country’s Ifo institute said on Thursday, abandoning its previous forecast of…