Euro zone current surplus shrinks
The euro zone’s current account surplus shrunk in July on a lower trade surplus and a drop in primary income,…
Fed to “get pushed into deeper” rate cuts in 2024 – BofA
The Federal Reserve will “get pushed into deeper” interest rate reductions later this year following an aggressive borrowing cost cut…
Britain needs new strategies to tap foreign billions and spur savings, trade bodies say
Britain could attract up to 7.7 billion pounds ($10.2 billion) in additional foreign sovereign investment by 2030 if it pursues…
Two EU countries to submit debt reduction plans by Commission’s deadline
Only Malta and Denmark will submit their debt reduction plans to the European Commission by the initial September 20 deadline…
Harris welcomes Fed rate cut, says she is focused on bringing down prices
U.S. Democratic presidential candidate Kamala Harris said the Federal Reserve’s move to cut rates on Wednesday was welcome news, adding…
Starting With a Bang: Fed Cuts Policy Rate
Following its September meeting, the U.S. Federal Reserve announced its first interest rate cut since 2020 – and did it…
50bp cut from the Fed as it looks to move rates to neutral quickly and avert recession
So we get the 50bp interest rate cut that the market had been gunning for despite the economy being described…
US current account deficit widens sharply in second quarter on imports
The U.S. current account deficit widened sharply in the second quarter, reaching its highest level in more than two years…
As wildfires wipe out forests, Greeks debate: to replant, or not?
When a wildfire tore down a hillside towards Athens last month, its southernmost flank halted in a treeless area burned…
Black Sea CPC Blend oil exports to fall 17% in Oct, sources say
Black Sea CPC Blend oil exports via the Caspian Pipeline Consortium (CPC) pipeline system are set to fall in October…