Fed announces reduction in balance sheet runoff pace
The Federal Reserve announced plans on Wednesday to slow the speed of its balance sheet drawdown, after having spent much…
US private payrolls beat expectations in April
U.S. private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the…
The eurozone economy finally exits stagnation and enters recovery
The eurozone economy finally showed some meaningful growth again in the first quarter of 2024 after a long period of…
Central Europe’s rate-setters have pause for thought
With steep falls in inflation over and the timing of the first Federal Reserve rate cut pushed back by strong…
U.S. facing “higher for longer” growth, inflation and rates – UBS
The U.S. economy will potentially to see “higher for longer” economic growth, inflation and interest rates, according to analysts at…
Von der Leyen’s China plan is all bark and no bite
Ursula von der Leyen has taken a tough line against China in public. But frustration with Beijing’s subsidies is at…
US productivity slows sharply in first quarter
U.S. worker productivity growth slowed sharply in the first quarter, resulting in a surge in labor costs, but the trend…
Mother and Son to Pay £5,000 for Obstructing UK Coastguard
A mother and son will have to pay more than £2,000 for obstructing the work of the U.K.’s Maritime and…
Frisky Thursday for the capesize market as Pacific freight rates and futures jump up
Futures market saw big gains on Thursday as suddenly everything started to look a little more rosy
Foremost injects youth into fleet with NYK-chartered newbuilds after string of sales
Latest newbuilding deliveries, outfitted for biofuels, bring fleet age to five years