The Presidents of France and Brazil Meet and Announce a $1.1 Billion Investment Plan for the Amazon
The Brazilian and the French presidents on Tuesday announced a plan to invest 1 billion euros ($1.1 billion) in the Amazon, including parts of the rainforest in neighboring French Guiana.
China Central Bank Buying Set Stage for Gold's Rally
Gold has been trading for months around the $2,000 mark — a level that would have been viewed as stratospheric just a few years ago, and which was only breached for the first time in 2020.
Japan's Inflation Beats Forecasts, end of Negative Rates in Sight
Japan's core consumer inflation slowed for a third straight month in January but beat forecasts and held at the central bank's 2% target, keeping alive expectations it will end negative interest rates by April.
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.
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.
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.
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.
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%
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.
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.
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.
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.
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.
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