Photographer: Nicole Tung / Bloomberg Photographer: Nicole Tung / Bloomberg Emerging market investors reeling from last month’s losses are heading into the first full week of April bracing for further pain fueled …
Read More »Erdogan appoints head of central bank defender of low interest rates
Sahap Kavcioglu Photographer: Mustafa Ciftci / Anadolu Agency / Getty Images Photographer: Mustafa Ciftci / Anadolu Agency / Getty Images Two days after a larger-than-expected interest rate hike, Turkish President Recep Tayyip …
Read More »Stock futures signal hiatus ahead of Fed meeting
US equity futures wavered as investors waited for the latest economic outlook from the Federal Reserve and any signs on interest rates and bond purchases for the next few years. Futures pegged …
Read More »China becomes the first major economy to begin withdrawing pandemic stimulus efforts
HONG KONG – As the first major economy to defeat Covid-19, China is now taking global leadership in the movement to undo its pandemic-fueled economic stimulus efforts. Unlike the US and Europe, …
Read More »Biden’s stimulus will give a big boost to global recovery, says OECD
The global economy is on track to return to its pre-pandemic level by mid-year thanks to the $ 1.9 trillion fiscal stimulus package that will add 3 percentage points to the United …
Read More »How Oil Could Hit $ 100 a Barrel
In its February Short-Term Energy Outlook (STEO), the EIA forecasts this month’s global oil consumption at 96.7 million barrels per day (mbpd). The supply of oil, however, is much lower, just 93.6 …
Read More »The US economy is ready to emerge with a big stimulus and quick vaccines
Photographer: David Paul Morris / Bloomberg Photographer: David Paul Morris / Bloomberg With the democrats On the verge of passing a nearly $ 2 trillion stimulus bill and Covid-19 vaccines moving forward, …
Read More »China sets GDP growth target for 2021 at more than 6%
BEIJING – Chinese leaders said they would target gross domestic product growth of 6% or more this year, a relatively modest goal that nonetheless indicates continued optimism after a year in which …
Read More »China announces economic growth target of ‘more than 6%’, technology plans
BEIJING (AP) – China’s second leader announced a healthy economic growth target on Friday and plans to make the nation self-sufficient in technology amid tensions with Washington and Europe over trade, Hong …
Read More »US National Debt Likely to Nearly Double to 202% of GDP by 2051, CBO Projects
Federal debt is projected to nearly double to 202% of gross domestic product by 2051, the Congressional Budget Office said Thursday, reflecting rising health care and debt service costs. The U.S. economy …
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