Q&A with Director General, Ethiopian Capital Market Authority, Dr. Brook Taye
Minister Grégoire discusses the importance of gender diversity in finance, and how sustainability lies at the heart of economic progress.
US Dollar Drifts, US Indices Hitting Fresh Highs
US equity markets continue to power ahead as the latest FOMC meeting draws closer
US Consumer Sentiment Races to 212Year High
Consumer sentiment index rises 13 to 78.8 in January Inflation expectations edge lower from December Existing homes sales fall 1.0 in December; prices up WASHINGTON, Jan 19 Reuters U.S. consumer sentiment improved in January, hitting the highest level in 212 years amid growing optimism over the outlook for inflation and household incomes, which bodes well […]
Foreign Auto Brands Boost Exports as China Sales Remain Weak Data
SHANGHAI, Jan 22 Reuters Foreign carmakers that have been losing market share to local rivals in China have boosted exports from the world39;s largest auto market, accounting for more than a fifth of the country39;s total vehicle exports last year, industry data showed. China is estimated to have overtaken Japan as the world39;s largest auto exporter in […]
Sterling in Narrow Range Versus Dollar before PMIs
LONDON, Jan 22 Reuters The British pound held in a relatively tight range against the dollar on Monday as markets weighed up last week39;s mixed data releases and their impact on monetary policy. The pound was last little changed at 1.2708, in the middle of the 1.25971.2825 range it has traded in since December 14. […]
Economists Increasingly Sure US will Avoid Recession Survey
Jan 22 Reuters The U.S economy should avoid a recession in the coming year, according to an increasingly large majority of economists polled by the National Association of Business Economics. Some 91 of respondents to the latest NABE survey, published on Monday, assigned a probability of 50 or less to the U.S. entering a recession […]
China Keeps Benchmark Lending Rates Steady amid Pressure on Yuan
SHANGHAISINGAPORE, Jan 22 Reuters China kept benchmark lending rates unchanged at their monthly fixing on Monday, matching expectations with Beijing seen as having limited scope for monetary easing amid downward pressure on the yuan. The decision came after the People39;s Bank of China PBOC surprised markets last week by holding its mediumterm lending facility rate […]
Red Sea Crisis Seeps into German Chemicals Sector
Chemicals is Germany39;s No.3 industry with 260 bln euros in sales Companies face supply delays, higher freight costs Challenge comes on top of higher energy, materials costs FRANKFURT, Jan 22 Reuters Germany39;s chemicals sector, Europe39;s largest, is starting to feel the pinch from delayed shipments via the Red Sea, becoming the latest industry to warn […]
German Train Drivers Union Calls for Further Strikes this Week
Jan 22 Reuters Germany39;s GDL train drivers39; union on Monday called for a fourth round of strikes this week, as it further escalated a wage dispute with Deutsche Bahn DBN.UL after rejecting a new tariff offer submitted by the rail operator on Friday. The strike is to run from 0200 am local time 0100 am […]
Taiwan Dec Export Orders in Worst Fall in 6 Months, Outlook Poor
Dec export orders 16.0 yy vs 0.25 in forecasts Orders from China 3.5 yy vs 8.8 in prior month Ministry sees January orders between 15.8 and 20.0 yy Ministry warns on geopolitical uncertainty TAIPEI, Jan 22 Reuters Taiwan39;s export orders fell more than expected in their worst performance in six months in December, with the […]