HONG KONG (Reuters) – Hong Kong’s economic growth slowed in the second quarter from a year earlier, advance government data showed on Monday, with the momentum softening after a strong …
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Bolivia challenges global dollar dominance with Chinese yuan, Russian rouble
by Reutersby ReutersLA PAZ (Reuters) – Bolivia’s government is determined to curb dependence on the U.S. dollar for foreign trade, instead turning to the Chinese yuan, officials said, as Latin American support …
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Global money market funds draw big weekly inflows on investor caution
by Reutersby Reuters(Reuters) – Global money market funds drew big inflows in the week to July 26, as investors were cautious ahead of major central banks’ interest rate decisions and braced for …
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Toyota’s global sales rise 5.1% to 4.9 million in first half of 2023
by Reutersby ReutersTOKYO (Reuters) -Japanese automaker Toyota Motor said on Friday it sold 5.1% more vehicles in the first half of 2023 compared with the same period a year earlier, helped by …
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UN Chief Proclaims New Era Of ‘Global Boiling’
UN Chief Proclaims New Era Of ‘Global Boiling’ Ireland Walker on July 27, 2023 United Nations Secretary-General Antonio Guterres declared that the era of global warming is over and a …
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Carrier Global raises full-year profit forecast on strong demand
by Reutersby Reuters(Reuters) – Air conditioner maker Carrier Global on Thursday raised its full-year adjusted profit above Wall Street estimates, encouraged by robust demand for the company’s heat pumps, refrigerators, and aftermarket …
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By Iain Withers, Valentina Za and Jesús Aguado LONDON/MILAN/MADRID (Reuters) – Europe’s major banks, including Deutsche Bank and Lloyds Banking Group, on Wednesday pointed to the rising risk of bad …
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By Nell Mackenzie and Carolina Mandl LONDON/NEW YORK (Reuters) – Property markets knocked by high interest rates and the end of cheap financing have caught the eye of hedge funds. …
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LONDON (Reuters) – Global crude steel production fell 1.1% year on year to 943.9 million metric tons in the first half of 2023 due to lower output in Europe and …
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Rate cut hopes outpace speed of global inflation decline: Reuters poll
by Reutersby ReutersBy Hari Kishan BENGALURU (Reuters) – Most central banks will cut interest rates in the first half of next year, even though the majority don’t expect their inflation targets to …
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US auto sales expected to rise again in July – S&P Global Mobility
by Reutersby Reuters(Reuters) – New U.S. light vehicle sales volumes are set to rise again in July as easing supply-chain snags help automakers ramp up production to meet pent-up demand, automotive research …
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‘Massive Economic Implications’: Tech Titan Launches Digital Currency Featuring Global ID
‘Massive Economic Implications’: Tech Titan Launches Digital Currency Featuring Global ID Jason Cohen on July 24, 2023 OpenAI CEO Sam Altman’s cryptocurrency initiative featuring a global ID and hopes for …
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(Reuters) – Global equity funds witnessed their first weekly outflow in four weeks in the week to July 19, reflecting concerns over slower growth in China and caution ahead of …
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Global hedge funds ditch losing trades after failing to beat the MSCI – Goldman
by Reutersby ReutersBy Nell Mackenzie LONDON (Reuters) – Global hedge funds exited trades in the past week at their fastest pace since January and at one of the highest rates seen in …
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By Melanie Burton and Navya Mittal MELBOURNE (Reuters) – Rio Tinto flagged concerns about a global economic slowdown on Wednesday as it logged a raft of production issues across its …
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GANDHINAGAR, India (Reuters) – Global economic activity is slowing, especially in the manufacturing sector, and medium-term growth prospects remain weak, the chief of the International Monetary Fund told financial leaders …
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‘Catastrophic’: Biden’s Policies Put US Dollar’s Global Dominance At Risk, Economists Say
‘Catastrophic’: Biden’s Policies Put US Dollar’s Global Dominance At Risk, Economists Say Jason Cohen on July 16, 2023 The policies of President Joe Biden’s administration are undermining the strength of …
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Australia expects unemployment rate to rise as global economy slows
by Reutersby ReutersSYDNEY (Reuters) – Australian Treasurer Jim Chalmers said on Sunday that he expected the nation’s jobless rate to lift from near a 48-year low on the back of higher interest …
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SYDNEY (Reuters) – Australian Treasurer Jim Chalmers expressed optimism on Saturday about progress on a long-awaited overhaul of global corporate taxation at a meeting of Group of 20 (G20) nations …
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G7 finance chiefs to meet July 16, will discuss Ukraine, global taxation – Suzuki
by Reutersby ReutersBy Tetsushi Kajimoto TOKYO (Reuters) -Financial leaders from the Group of Seven (G7) advanced countries will hold talks on July 16 on the sidelines of the broader G20 meeting in …
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House Committee Budget Proposes Another Million Dollars To Fight Global Antisemitism
House Committee Budget Proposes Another Million Dollars To Fight Global Antisemitism Kate Anderson on July 12, 2023 The House Appropriations Committee proposed Tuesday to add $1 million in funding for …
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By Manoj Kumar and Jatindra Dash and Sumit Khanna BHUBANESWAR, India (Reuters) – The world’s major accounting firms are stepping up investments in new Indian facilities away from bigger cities …
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IMF’s Georgieva expects global growth around 3% for next five years
by Reutersby ReutersWASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday that the IMF expects global growth around 3% annually for the next five years, well below historical …
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Global PC shipments decline eases in Q2, Apple outperforms on MacBook Air demand – Canalys
by Reutersby Reuters(Reuters) – The decline in global personal computer shipments slowed in the second quarter, with Apple outperforming the market with a 51% jump thanks to strong demand for its recently …
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NEW YORK (Reuters) – Global hedge funds posted gains of 2.2% in June, as artificial intelligence-related stocks surged and the banking crisis eased, data provider HFR said on Monday. In …