India Eyes Operating Role in Foreign Ports With New State Consortium
As India continues to revamp its domestic shipping sector, reports have emerged that it is eyeing control of strategic foreign…
A key to Citi’s regulatory woes: staff need skills ‘enhancement’
Citigroup C.N has struggled to adequately train employees in risk, compliance and data roles, according to the bank’s own assessment,…
China banks weigh trimming deposit rates as early as this week, Bloomberg News reports
Chinese banks are set to cut rates on 300 trillion yuan ($42.20 trillion) of deposits as soon as this week,…
World merchandise trade will increase by 2.7% in 2024, 3.0% in 2025: Global Trade Outlook
Global merchandise trade turned upwards in the first half of 2024 with a 2.3 percent year-on-year increase, which should be…
Cooling UK jobs market keeps Bank of England rate cut on track
British pay grew at its slowest pace in more than two years in the three months to August and vacancies…
UK jobs market is cooling despite latest fall in unemployment
Over in the US, the Federal Reserve has made a big call that the jobs market is no longer a…
German investor morale recovers in October
German investor morale improved more than expected in October, the ZEW economic research institute said on Tuesday, reporting a rise…
Labor-focused Fed to continue rate cuts, Morgan Stanley Wealth Management says
The U.S. Federal Reserve will continue cutting interest rates in November, but policymakers are walking a thin line as inflation…
Euro zone banks see rebound in loan demand as rates fall, ECB survey shows
Demand for bank loans across the 20-nation euro zone rose in the third quarter and a further increase is expected…
Putin’s economic resilience rests on war addiction
Russia’s economic growth has exceeded expectations since President Vladimir Putin’s decision to invade Ukraine in 2022, despite punishing measures by…