Baltic index falls for third week on weaker rates across vessels
The Baltic Exchange’s main sea freight index dipped on Friday, marking its worst week in five months as demand for…
RWE and National Grid Propose New York’s Largest Offshore Wind Project
German utility RWE and New York power company National Grid have announced a proposal to build a 2.8 GW wind…
ECB survey shows quicker return of inflation to target
Euro zone inflation could return to the European Central Bank’s 2% target sooner than earlier thought and will likely hover…
Modest Growth Forecast for Economies in the Middle East and North Africa Amid Rising Uncertainty
Growth continues to be subdued in the Middle East and North Africa (MENA) because of uncertainties heightened by the conflict…
Solid US spending points to cautious cuts
US retail sales weather the storm US retail sales rose 0.4% month-on-month in September versus the 0.3% MoM consensus while…
China’s Q3 GDP hits weakest pace since early 2023, backs calls for more stimulus
China’s economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and factory output…
China cenbank chief flags more interest rate cuts
China’s central bank governor said on Friday the reserve requirement ratio for commercial lenders could be cut further by 25…
UK retail sales unexpectedly rose by 0.3% in September
British retail sales unexpectedly rose by 0.3% in September, figures from the Office for National Statistics showed on Friday. A…
Goldman Sachs slashes 2024 European earnings growth forecast
Goldman Sachs slashed its 2024 annual earnings growth forecast for Europe’s STOXX 600 index to 2% from 6% on Friday,…
Central bankers left holding the baby
The only game in town It seems to me that the global economy is mainly driven by politics these days.…