International

UK GDP Falls 0.3% in Q4

The U.K. economy slipped into a technical recession in the final quarter of last year, initial figures showed Thursday February 15.

International

Lagarde Says It’s Likely ECB Will Cut Rates in Summer

The European Central Bank is likely to cut interest rates in the summer, according to President Christine Lagarde.

International

IMF to Release $4.7bn to Argentina as Javier Milei Pursues Austerity

According to FT, the IMF has agreed to transmit $4.7Bn to Argentina despite the country’s failure to meet the terms of its $43Bn loan in recent months, offering a crucial lifeline to new libertarian President Javier Milei as he pursues ambitious reforms.

International

Singapore’s Core Inflation Eased Down to 3.2 Percent in November

Singapore’s core inflation dipped to 3.2% YoY in November, official data showed on Tuesday, Dec 26.

International

China Real Estate Crisis Threatens Goal of Doubling Country’s GDP

If the Chinese real estate bubble bursts and triggers a financial crisis, the nation's economic growth will be stuck at around 1%

International

China Industrial Production Beats Expectations in October, Retail Sales Rise

Chinese industrial production grew more than expected in October, while retail sales also rose past expectations.

International

Eurozone Retail Sales Declined 2.9% YoY in September vs. -3.2% Expected

According to the official data released by Eurostat on Wednesday, November 8, Eurozone’s Retail Sales dropped 0.3% MoM in September as against a 0.7% fall in August.

International

Brazil’s Economy Grows More Than Expected as Interest Rate Falls

Brazil’s central bank recently lowered its interest rate by 50 basis points to 12.75% making its second consecutive rate cut.

International

ECB Delivers 10th Hike as Lagarde Won’t Quite Confirm Rate Peak

On Thursday, September 14, The European Central Bank raised interest rates for the 10th consecutive time as President Christine Lagarde signaled a shift in gear that could mean the peak has been reached.

International

Swiss Giant UBS Posts Record Q2 2023 Net, but Most Comes from Acquisition Related Negative Goodwill

Since the completion of the acquisition of Credit Suisse by Switzerland's largest bank, UBS (UBS) has posted a profit of $28.88 billion in Q2 2023.

International

Thailand’s 2023 Inflation Forecast to Be 1-2%, the Lowest in ASEAN

Thailand’s inflation rate is the lowest among the seven ASEAN countries which have already announced their rates

International

Foreigners are Net Sellers of Japanese Bonds for Third Straight Week

Foreign investors were net sellers of Japanese bonds last week, as local bond prices fell after the Bank of Japan tweaked its bond yield curve control scheme to allow interest rates to rise more freely in line with increasing inflation.

International

G20 environment meeting ends without agreement on climate crisis

Environment ministers from G20 nations have failed to agree on ways to curb emissions and other crucial measures to address the global climate crisis ahead of the UN climate change conference at the end of the year.

International

Indonesian Banks Keep Top Slots in Market Cap Ranking on Solid Economic Recovery

Indonesia's GDP expanded by 5.03% in the first quarter of 2023, Reuters reported in May, citing data from Statistics Indonesia.