USD/THB: Here’s why the Thai baht strength has more room to run
The USD/THB exchange rate has been in a strong downward trend this year, making the Thailand baht one of the best-performing currencies in the emerging markets. It peaked at 37.25…
Economy
1513 posts
China cuts lending rates to revive economy and stabilize housing market
China has reduced its benchmark lending rates in an effort to stimulate economic growth and address a struggling housing market. The one-year loan prime rate (LPR) was lowered to 3.10%…
Record $10 billion FII outflow hits Indian stock market in October: Is China to blame?
With nearly $10 billion worth of investments being pulled out, October has emerged as the worst month on record for Foreign Institutional Investors (FIIs) withdrawing from India’s stock market. The…
JPMorgan predicts surge in South African IPOs amid rising economic confidence
South Africa is gearing up for a wave of initial public offerings (IPOs) and fundraising activities, set to begin as early as 2025, as the country’s economic outlook brightens after…
The Central Bank of the UAE approves AED Stablecoin’s preliminary license
The Central Bank of the United Arab Emirates (CBUAE) has granted preliminary approval to AED Stablecoin, bringing the project a step closer to becoming the UAE’s first regulated dirham-pegged stablecoin.…
UK budget 2024: which taxes might Rachel Reeves increase?
Chancellor Rachel Reeves is preparing for one of the most significant UK budget presentations in years, facing the challenge of closing a £40 billion funding gap. Economic pressures such as…
US lawmakers call for investigation into McKinsey’s China ties
A group of US lawmakers, including Congressman John Moolenaar, Senator Marco Rubio, and Senator Joni Ernst, have called for an investigation into McKinsey & Company’s failure to disclose its work…
World Bank report on poverty: 700 million people are surviving on less than $1.90 a day
A recent report from the World Bank highlights a pressing global issue: 8.5% of the world’s population—approximately 700 million people—live in extreme poverty, defined as surviving on less than $1.90…
Bank of Canada faces tough choice between 25 bps and 50 bps rate cuts
The Bank of Canada (BoC) is at a crossroads as it prepares for a pivotal decision next week regarding interest rates, with market expectations split between 25-basis points (bps) and…
Japan’s inflation cools for the first time in five months amid subsidies
Japan’s core inflation rate slowed in September, marking the first decline in five months, driven by government utility subsidies aimed at alleviating price pressures. According to data released by the…