Brace! Risks stack up for the global economy in 2025
The global economy is bracing for a challenging 2025 as rising geopolitical tensions, inflationary pressures, and financial instability converge. Analysts warn that uncertainty across key markets could significantly impact growth, with many economies struggling to regain momentum post-pandemic. Persistent inflation remains a core issue, driven by elevated energy prices and supply chain disruptions. Central banks […]
Trump threatens to regain control of Panama Canal
Former President Donald Trump has suggested a controversial move to reclaim control of the Panama Canal, citing strategic concerns over its growing influence under foreign administration. In recent remarks, Trump emphasized the importance of the canal to U.S. security and global trade dominance, sparking widespread debate about the feasibility and implications of such a proposal. […]
Trump announces his picks for key positions in the administration
Former President Donald Trump has announced his selections for key positions in his administration, signaling a strategic approach to shaping policy priorities. The appointments reflect a mix of loyalty and expertise, aimed at advancing his political agenda. Among the prominent names, Trump’s choices include individuals with long-standing ties to his previous administration and a focus […]
ECB’s Vujcic: Rate cuts will continue next year
The European Central Bank (ECB) is poised to maintain its course of rate reductions into 2024, according to Boris Vujcic, a Governing Council member. Speaking on the outlook for the eurozone economy, Vujcic emphasized the importance of adjusting policy to counter slowing inflation and waning economic activity, signaling the continuation of a dovish stance. The […]
Japan’s Kato: Will take appropriate action against excessive moves
Japan’s Finance Minister, Shunichi Kato, has reiterated the government’s commitment to act decisively against excessive currency moves, signaling potential intervention in foreign exchange markets. Speaking to reporters, Kato underscored that recent currency fluctuations are being closely monitored, emphasizing the government’s resolve to maintain economic stability. The yen has faced renewed pressure, trading near multi-year lows […]
PBOC leaves Loan Prime Rates unchanged in December
China’s central bank, the People’s Bank of China (PBOC), kept its Loan Prime Rates (LPRs) unchanged in December, maintaining the one-year rate at 3.45% and the five-year rate at 4.20%. This decision aligns with market expectations and reflects a continued emphasis on economic stability as the nation navigates uneven post-pandemic recovery. The decision comes amid […]
Japan’s National CPI climbs 2.9% YoY in November, Core CPI rises more than expected
Japan’s National Consumer Price Index (CPI) increased by 2.9% year-on-year in November, signaling persistent inflationary pressures as the country grapples with global price trends and domestic economic challenges. The rise in the Core CPI, which excludes volatile fresh food prices, outpaced expectations, reflecting the growing burden on households from higher energy and commodity costs. The […]
Catl considers second Hong Kong listing to raise at least $5 billion
Contemporary Amperex Technology Co. Ltd. (CATL), the world’s largest electric vehicle battery manufacturer, is planning a second listing in Hong Kong to secure at least $5 billion. The move comes as CATL looks to diversify its funding sources and bolster its global expansion amid rising demand for EV batteries. This potential listing signals confidence in […]
Asian currencies tumble as Fed’s hawkish cut jolts market
Asian currencies suffered significant declines as the Federal Reserve delivered a surprise hawkish rate cut, unnerving investors across the region. The Fed’s decision to trim rates by 25 basis points while signaling prolonged monetary tightening spooked markets that were expecting a more dovish stance. The Malaysian ringgit and South Korean won bore the brunt of […]
UK inflation and BoE’s monetary policy outlook
The Bank of England (BoE) is expected to maintain its current interest rate at 4.75% during its upcoming meeting on December 19, 2024. This decision aligns with the BoE’s cautious approach, especially as other central banks, such as the European Central Bank and the U.S. Federal Reserve, are anticipated to reduce rates in the near […]