Fed getting ‘closer’ to rate cuts, top officials say
Top U.S. Federal Reserve officials on Wednesday touted interest rate cuts as getting “closer” after taking note of inflation’s improved…
ECB on mission “Gentle Summer Break”
There hasn’t been a lot of important data releases since the ECB’s June meeting. If anything latest data have pointed…
ADB Raises Developing Asia and the Pacific’s Economic Growth Forecast for 2024
The Asian Development Bank (ADB) has slightly raised its economic growth forecast for developing Asia and the Pacific this year…
From political fog, world growth doubts creep back in
In all the hubbub about election uncertainty and the dash for the most lucrative financial trades to exploit it, creeping…
‘Luxury shame’: China’s rich shy away from flaunting their wealth amid economic jitter
China’s rich are growing more cautious about flaunting their wealth as the economy faces headwinds, putting the country’s luxury market…
US single-family housing starts slump to eight-month low
U.S. single-family homebuilding fell to an eight-month lowin June amid higher mortgage rates, suggesting the housing market was likely a…
Ukraine’s grain exports reach 2 mln tons so far in 2024/25, ministry says
Ukraine’s grain exports in the 2024/25 July-June season rose to almost 2 million metric tons by July 17 from 1.3…
Jordan issues tender to buy 120,000 T wheat, traders say
Jordan’s state grain buyer has issued an international tender to buy 120,000 metric tons of milling wheat which can be…
Taiwan’s MFIG buys 65,000 T corn, expected U.S. origin
Taiwan’s MFIG purchasing group bought about 65,000 metric tons of animal feed corn expected to be sourced from the United…
Maersk says Red Sea shipping disruption having global effects
Denmark’s A.P. Moller-Maersk said on Wednesday that disruption to its container shipping via the Red Sea had extended beyond trade…