World
Asia-Pacific markets mostly rise as investors await Federal Reserve’s rate decision
Vehicles bound for shipment parked in front of the Dream Angel vehicles carrier ship at the Nagoya Port in Nagoya, Japan, on Tuesday, June 18, 2024. Fred Mery | Bloomberg | Getty Images Asia-Pacific markets were mixed Wednesday, following gains on Wall Street that saw both the S&P 500 and the Dow Jones Industrial Average reach new highs. Investors […]
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UK inflation comes in at 2.2% for August, matching expectations
U.K. inflation came in at 2.2% for the month of August, data from the Office for National Statistics showed Wednesday. The headline consumer price index (CPI) reading matched analyst expectations, according to economists polled by Reuters, and was in line with the previous 2.2% reading in July. Headline CPI had come in at 2% in May and […]
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What a Fed rate cut could mean for the world
The U.S. Federal Reserve is on Wednesday heading for its first interest rate cut since the onset of the Covid-19 pandemic — and despite the move being widely forecast, global investors are braced for impact. The Fed is behind a swathe of its central bank peers, including those in the euro zone, the U.K., Canada, […]
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Ray Dalio names the top five forces shaping the global economy
Ray Dalio, founder of Bridgewater Associates LP, speaks during an interview on the sidelines of the Milken Institute Asia Summit in Singapore, on Wednesday, Bloomberg | Bloomberg | Getty Images SINGAPORE — U.S. billionaire Ray Dalio named the top five forces at the front and center of the world’s economy. Speaking at the Milken Institute’s […]
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Japan faces labor shortages and demographic crisis as elderly population hits record high
People crossing street in Tokyo’s busy Akihabara downtown area Leopatrizi | Istock | Getty Images Japan commemorated its “Respect for the Aged Day” earlier this week, with the national holiday underscoring a somewhat problematic fact — the country has a record number of elderly citizens to celebrate. Government data released ahead of the event showed […]
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Israel planted explosives in Hezbollah’s Taiwan-made pagers, Reuters reports
A Lebanese army soldier gestures to an ambulance rushing wounded people to a hospital in Beirut on September 17, 2024, after explosions hit locations in several Hezbollah strongholds around Lebanon amid ongoing cross-border tensions between Israel and Hezbollah fighters. Anwar Amro | AFP | Getty Images Israel’s Mossad spy agency planted a small amount of explosives inside 5,000 Taiwan-made pagers […]
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Japan’s exports slow sharply, machinery orders shrink in blow to economic recovery
Employees work at an Asahi Tekko Co. factory in Hekinan, Aichi Prefecture, Japan, on Wednesday, Aug. 1, 2018. Bloomberg | Bloomberg | Getty Images Japan’s export growth slowed sharply in August as shipments to the U.S. dropped for the first time in three years, while machinery orders unexpectedly shrank in July in a worrying sign for an economy struggling to mount a […]
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Trump says he will meet with Indian Prime Minister Narendra Modi next week
India’s Prime Minister Narendra Modi shakes hands with former U.S. President Donald Trump before a meeting at Hyderabad House in New Delhi on February 25, 2020. Mandel Ngan | Afp | Getty Images Republican nominee Donald Trump said Tuesday that he will meet Indian Prime Minister Narendra Modi next week. Speaking at his first public […]
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Oil stares at a bleak future as China’s economy sputters. The good news: A market ‘bust’ is unlikely
The RN-Tuapsinsky refinery operated by Rosneft Oil Co. in Tuapse, Russia. Andrey Rudakov | Bloomberg | Getty Images SINGAPORE — As the world’s oil traders and analysts gathered at the annual Asia Pacific Petroleum Conference in Singapore last week, the slump in oil and where it was headed was foremost in everybody’s mind. China, the […]
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CFIUS grants Nippon Steel’s request to refile bid for U.S. Steel, source says
A tugboat pushes a barge near the United States Steel Corp. Clairton Coke Works facility in Clairton, Pennsylvania, US, on Monday, Sept. 9, 2024. Justin Merriman | Bloomberg | Getty Images CFIUS, the Committee on Foreign Investment in the United States, that is reviewing a bid by Japan’s Nippon Steel to buy U.S. Steel has granted a request from the Japanese company to refile its takeover […]
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