Economy

The South African rand has remained on edge as emerging market currencies slumped after the hawkish Federal Reserve interest rate decision. The USD/ZAR exchange rate rose to a high of…

The South Korean won plunged to its weakest level in 15 years on Thursday, reflecting heightened economic and political risks. The currency was trading at 1,449.9 per dollar in early…

New Zealand’s economy contracted sharply in the third quarter of 2024, with GDP plummeting by 1.0% compared to the previous quarter, according to government data. This contraction dwarfed market expectations…

In an unexpected development, Canada’s annual inflation rate fell to 1.9% in November, indicating a widespread drop in consumer prices across all sectors. According to Statistics Canada data, the annual…

Milan’s Via MonteNapoleone has officially been named the world’s most expensive shopping street, dethroning New York’s Upper Fifth Avenue. According to Cushman & Wakefield’s annual global index, the Milanese street…

Asian markets remained in limbo on Wednesday morning ahead of the much-anticipated US Federal Reserve policy decision. Japan’s Nikkei 225 declined by 0.4%, while the broader Topix index remained flat.…

UK inflation rose to an eight-month high in November, increasing to 2.6% from 2.3% in October, driven by higher petrol prices, grocery costs, and an increase in tobacco duty. Core…

India’s cryptocurrency market is rapidly evolving, with smaller cities and towns stepping up as active players in the digital assets space. A recent report by CoinSwitch says tier-2 and tier-3…

President Luiz Inacio Lula da Silva has upped his criticism of the country’s worrying interest rates, expressing his serious concern for the Brazilian economy. In a recent interview, Lula said…