Economy

The upcoming week in Asian markets is set to be filled with a plethora of top-tier local economic indicators and policy decisions. This comes after a surge in U.S. job growth figures that led to a significant increase on Wall Street. The Asian market is primed for an optimistic start with key events such as

The recent announcement by U.S. bond giant PIMCO regarding a revision of its expectations for interest rate cuts by the Federal Reserve has caught the attention of many market participants. This shift in outlook comes on the heels of stronger-than-expected job creation data in the U.S. economy, prompting a reevaluation of the anticipated number of

A recent case involving British billionaire Joe Lewis has brought to light the repercussions of sharing illegal stock tips. Lewis was ordered by a U.S. judge to pay a hefty fine of $5 million and serve three years of probation after pleading guilty to conspiracy and securities fraud. This case serves as a stark reminder

The European Central Bank is contemplating the idea of initiating an interest rate cut in the month of June. This decision is being prompted by the anticipated faster decrease in inflation rates. However, it is crucial for the ECB to be cautious and not get too ahead of the U.S. Federal Reserve in order to

Cleveland Fed President Loretta Mester recently expressed her stance on interest rate cuts, emphasizing the need to strike a balance between cutting rates too early and keeping them higher for an extended period. She highlighted the risks associated with both scenarios, pointing out that premature rate cuts could undo progress made on inflation, while maintaining

Upon examining the article detailing a federal judge in Texas blocking enforcement of new regulations aimed at revamping how lenders provide services to low- and moderate-income Americans, several key points surface. The ruling by U.S. District Judge Matthew Kacsmaryk in Amarillo, Texas, highlights a clash between the Biden administration’s efforts to revamp lending regulations to

Business sentiment among big Japanese non-manufacturers improved to a more than three-decade high in the first quarter, as shown by a recent central bank survey. This is a positive sign that domestic demand may support the country’s fragile economic recovery. However, the survey also revealed that big manufacturers’ sentiment soured for the first time in

Following the tragic collapse of the Francis Scott Key bridge in Baltimore’s harbor, Governor Wes Moore has called for bipartisan cooperation to approve the federal funding required for the reconstruction of the bridge. The collapse, which resulted in the death of six road workers, has not only hindered the operations of the Port of Baltimore

Israel’s central bank chief, Amir Yaron, has called on the government to enact responsible fiscal policy in order to offset any further expansion in the military budget. The recent approval of an amended 2024 state budget that added funds for Israel’s conflict with Hamas in Gaza has raised concerns about fiscal responsibility. Yaron highlighted the

The collapse of Baltimore’s Francis Scott Key Bridge has resulted in a complex and challenging recovery effort that involves the removal of debris from the Patapsco River and the reopening of the city’s blocked port. Salvage crews are working diligently to lift the first piece of the collapsed bridge to facilitate access to the disaster

Japanese health officials conducted a search at a Kobayashi Pharmaceutical factory in Osaka after the company reported five deaths possibly linked to dietary supplements containing red yeast rice. The Ministry of Health, Labour and Welfare collaborated with the City of Osaka to inspect the factory where the supplements, suspected of causing health issues, were manufactured.

The recent concert hall attack near Moscow, which resulted in the deaths of dozens of people, has had significant repercussions. Notably, there has been a surge of migrant workers leaving Russia for Tajikistan in the aftermath of the tragic event. This mass exodus is fueled by fear, panic, and a desire to escape the escalating

The Luxeed S7 electric sedan, a collaborative project between Huawei and Chery Auto, has faced significant challenges in production and delivery due to a shortage of semiconductors and other production issues. Initially scheduled for release earlier, the delivery of the Luxeed S7 was delayed causing frustration among customers who had eagerly awaited the premium brand