Why oil prices may stall amid looming supply glut?
Even as the oil market struggles to break out of its current range of $70-$75 per barrel, adequate supply going into 2025 is likely to keep prices subdued. Traders have…
Economy
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Could Harris’ stance on FTC chair Lina Khan impact her voter support?
The US Federal Trade Commission (FTC) has recently blocked Tapestry’s $8.5 billion acquisition of Capri Holdings, bringing Chair Lina Khan’s strict antitrust measures back into the spotlight. Khan, with her…
With BRICS closing doors on Maduro, is there hope for Venezuelan economy?
The Venezuelan government, under Nicolás Maduro, expressed its deep discontent on Thursday following Brazil’s decision to block its admission into the BRICS group of emerging economies. Caracas views this decision…
Germany’s business confidence looks up in October, ifo data shows
Germany’s economic outlook showed signs of improvement in October, breaking a four-month decline, according to the ifo Business Climate Index. The Index climbed to 86.5 from 85.4 in September, offering…
Bank of Russia surprises markets with 200bps rate hike to record high
In an unexpected move, the Bank of Russia has announced a significant hike in its key interest rate, indicating a proactive approach to tackling economic challenges. This decision has major…
Brazilian consumer confidence dips in October, revealing mixed signals
In October, Brazilian consumer confidence suffered a small but significant shift in attitude, as seen by the seasonally adjusted FGV-IBRE Consumer Confidence Index falling by 0.7 points to 93. This…
Gold and copper slip as dollar firms; palladium extends gains
Gold prices fell on Friday as a stronger dollar and rise in Treasury yields weighed on investors’ sentiment. Though gold traded in the red on Friday, prices were still on…
S&P 500, Nasdaq rise sharply ending 3-day losing streak; Viking Therapeutics surge, while Capri’s shares slump
US benchmark equity averages rose on Friday as the market ended a three-day losing streak. At the time of writing, the Dow Jones Industrial Average was up 0.3%, while S&P…
Argentina secures $8.8 billion in financing from World Bank, IDB
In a move to strengthen its economy and tackle urgent social challenges, Argentina has reached an important financing agreement with the World Bank and the Inter-American Development Bank (IDB). The…
UK workers may gain right to strike for a full year under new proposal
The UK government is considering a significant change to strike legislation that would double the duration for which workers can take industrial action before requiring a new ballot. As of…