Wall Street

The recent attack on U.S. presidential candidate Donald Trump has sent shockwaves through global markets, with investors adjusting their strategies in response to the increased likelihood of his victory. U.S. bond futures have slipped, while the dollar has strengthened, reflecting a growing concern over the potential implications of a Trump presidency. The market has historically
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Investors in the U.S. stock market are facing a period of uncertainty as inflation shows signs of cooling. Despite softer-than-expected inflation readings for June, concerns about growth cooling persist. The Consumer Price Index (CPI) grew at a slower rate than anticipated, with headline CPI increasing by 3% year-on-year and core CPI growing by 3.3%. As
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Recently, U.S. bank regulators decided to fine Citigroup a total of $136 million due to the bank’s failure to adequately address data management issues that were originally identified in 2020. The Federal Reserve and the Office of the Comptroller of the Currency (OCC) jointly took this enforcement action, emphasizing the importance of Citigroup improving its
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Australia’s commitment to boosting investment in Pacific Island countries in support of their financial systems comes at a crucial time. The banking sector in the region is experiencing a significant withdrawal of correspondent banking services, particularly in U.S. dollar-denominated transactions. This has raised concerns about the ability of Pacific nations to engage with the global
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Asian stocks experienced a decline on Monday, with Chinese markets leading the losses due to persistent concerns over a trade war with the West. The negative sentiment towards China was fueled by the European Union imposing steep tariffs on the import of Chinese electric vehicles, despite objections from Beijing. This further raised the possibility of
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President Joe Biden finds himself in a precarious position, facing a crisis of confidence among allies, donors, and party members. His recent debate performance has sparked concerns about his fitness for office and leadership capabilities. Despite his acknowledgment of physical and oratorical decline, doubts continue to grow as strategic missteps and a retreat from public
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The recent anti-dumping probe launched by China into Europe’s cognac industry has raised concerns among industry experts. The finance chief at Hennessy cognac owner LVMH believes that this probe is a retaliatory measure in response to the European Union’s tariffs on Chinese electric vehicles. This tit-for-tat situation has created a tense atmosphere between the two
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Recent movements in U.S. Treasury yields have sparked speculation about the potential impact of the upcoming presidential election. Following the debate between President Joe Biden and Republican challenger Donald Trump, analysts at Yardeni Research noted a significant increase in the benchmark U.S. 10-year Treasury yield. Despite expectations of a decrease in inflation, the yield climbed
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Canada has recently made a significant announcement regarding the mining industry, specifically targeting deals involving the country’s critical minerals producers. Industry Minister Francois-Philippe Champagne has emphasized that any major deals in this sector would only be approved under the most exceptional circumstances. This decision comes following the approval of Glencore’s acquisition of Teck Resources’ steelmaking
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