World economy
European markets flat as French and German PMIs point to renewed downturn
Customers sit outside at a cafe terrace in Paris, France, on Nov. 10, 2021. Bloomberg | Bloomberg | Getty Images LONDON — European stocks were flat in early trade Monday morning as German and French business activity data pointed to renewed declines in the region’s two largest economies. The pan-European Stoxx 600 index opened modestly […]
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India rules out joining world’s largest trade deal, accuses China of ‘very opaque’ trade practices
Indian flag and Chinese flag displayed on screen. Anadolu | Anadolu | Getty Images India’s commerce minister rejected the idea of joining the Regional Comprehensive Economic Partnership, the world’s largest trade deal, maintaining that it is not in the country’s interest to be part of a free trade agreement with China. “India is not going […]
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FBI agents have boarded vessel managed by Synergy Marine Group whose other cargo ship collapsed Baltimore bridge
Baltimore City Fire Boat 2 floats past the Dali container vessel after it struck the Francis Scott Key Bridge that collapsed into the Patapsco River in Baltimore, Maryland, U.S., on Tuesday, March 26, 2024. Bloomberg | Bloomberg | Getty Images Federal agents have boarded a vessel managed by the same company as a cargo ship […]
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Why EU tariffs are unlikely to dent Chinese EV makers’ European expansion
People look at a BYD Dolphin electric subcompact during the 2023 Shenyang International Auto Show on May 3, 2023 in Shenyang, Liaoning Province of China. Vcg | Visual China Group | Getty Images Chinese electric vehicles will remain competitive in Europe despite the EU’s additional tariffs on autos made in the country, particularly after they […]
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Ray Dalio says the Fed faces a tough balancing act as the economy faces ‘enormous amount of debt’
Key Points As the U.S. Federal Reserve implemented its first interest rate cut since the early Covid pandemic, billionaire investor Ray Dalio flagged that the U.S. economy still faces an “enormous amount of debt.” “The challenge of the Federal Reserve is to keep interest rates high enough that they’re good for the creditor, while keeping […]
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European markets fall as investors weigh UK inflation data, look to Fed rate decision
A market stall in the Kingston district of London in 2024. Bloomberg | Bloomberg | Getty Images LONDON — European markets fell on Wednesday as investors considered key data from the region and looked to the U.S. Federal Reserve interest rate decision. The pan-European Stoxx 600 index was down 0.45% at 12:39 p.m. London time, […]
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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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European stocks higher with central bank decisions in focus; Commerzbank shares hit 12-year high
Tourists are visiting the center of Munich in Munich, Germany, on July 21, 2024. Nurphoto | Getty Images LONDON — European stocks were higher Tuesday, as upcoming central bank meetings remain in focus. The pan-European Stoxx 600 index was 0.75% by 11:10 a.m., with all major bourses and virtually all sectors in the green. Banks […]
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European markets mixed ahead of bumper week for central banks
A view of the Navigli in Milan, Italy on May 20, 2024. Nurphoto | Getty Images LONDON — European stocks were mixed Monday as investors prepared for a bumper week of interest rate decisions from the U.S Federal Reserve and the Bank of England. The pan-European Stoxx 600 was down 0.1% by 2:00 p.m. London time, […]
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It’s a big week for central banks around the world, with a slew of rate moves on the table
Federal Reserve Chair Jerome Powell announces interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin Building in Washington, D.C., on June 12, 2024. Kevin Dietsch | Getty Images A flurry of major central banks will hold monetary policy meetings this week, with investors bracing for interest rate moves […]
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