What is the end goal of China’s stimulus plan?
China has made significant moves to stimulate its economy over the past months, mainly due to mounting economic pressures. The People’s Bank of China (PBoC) recently implemented one of its…
Economy
1610 posts
When will US election results be declared? Key dates to watch
The highly anticipated 2024 US presidential election between Republican candidate Donald Trump and incumbent Vice President Kamala Harris, representing the Democrats, is set for November 5. With the political stakes…
European car sales decline for first time in two years; EV sales provide some relief
Car sales in Europe took a hit in September, marking the first consecutive monthly decline in over two years as the region’s economy remained sluggish and consumers cut back on…
HSBC’s first female CFO in 160 years: who is Pam Kaur?
HSBC has named Pam Kaur as its new Chief Financial Officer (CFO), marking a historic first in the bank’s 160-year history. Kaur’s appointment follows the leadership reshuffle that saw Georges…
Citi Research raises 3-month gold price forecast to record $2,800 per ounce
Citi Research has raised its three-month forecast for gold prices, citing a weaker labor market in the US and more rate cut expectations by the Federal Reserve. The bank has…
When will the UK budget be announced and what could it include?
Chancellor Rachel Reeves is set to deliver Labour’s first budget in 14 years on Wednesday, October 30. The speech, expected to begin at 12:30 UK time, will be closely watched,…
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…
Explained: What is Elon Musk’s $1 million-a-day giveaway plan
Billionaire Elon Musk has launched a bold initiative, promising to give away $1 million each day until the November 2024 election to individuals who sign an online petition supporting the…
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…