China Industrial Production Beats Expectations in October, Retail Sales Rise
Chinese industrial production grew more than expected in October, while retail sales also rose past expectations.
Eurozone Retail Sales Declined 2.9% YoY in September vs. -3.2% Expected
According to the official data released by Eurostat on Wednesday, November 8, Eurozone’s Retail Sales dropped 0.3% MoM in September as against a 0.7% fall in August.
Brazil’s Economy Grows More Than Expected as Interest Rate Falls
Brazil’s central bank recently lowered its interest rate by 50 basis points to 12.75% making its second consecutive rate cut.
ECB Delivers 10th Hike as Lagarde Won’t Quite Confirm Rate Peak
On Thursday, September 14, The European Central Bank raised interest rates for the 10th consecutive time as President Christine Lagarde signaled a shift in gear that could mean the peak has been reached.
Swiss Giant UBS Posts Record Q2 2023 Net, but Most Comes from Acquisition Related Negative Goodwill
Since the completion of the acquisition of Credit Suisse by Switzerland's largest bank, UBS (UBS) has posted a profit of $28.88 billion in Q2 2023.
Thailand’s 2023 Inflation Forecast to Be 1-2%, the Lowest in ASEAN
Thailand’s inflation rate is the lowest among the seven ASEAN countries which have already announced their rates
Foreigners are Net Sellers of Japanese Bonds for Third Straight Week
Foreign investors were net sellers of Japanese bonds last week, as local bond prices fell after the Bank of Japan tweaked its bond yield curve control scheme to allow interest rates to rise more freely in line with increasing inflation.
G20 environment meeting ends without agreement on climate crisis
Environment ministers from G20 nations have failed to agree on ways to curb emissions and other crucial measures to address the global climate crisis ahead of the UN climate change conference at the end of the year.
Indonesian Banks Keep Top Slots in Market Cap Ranking on Solid Economic Recovery
Indonesia's GDP expanded by 5.03% in the first quarter of 2023, Reuters reported in May, citing data from Statistics Indonesia.
BIS Admits Further Monetary Measures Look Unlikely to Cope with Global Inflation
According to FT, the Bank for International Settlement has said,.global governments should either raise taxes or cut public spending to help central banks tame inflation and mitigate the risk of a financial crisis.
Finnish Central Bank Says New Coalition Program Breaches Laws
According to Bloomberg, Finland’s incoming government program violates national and European legislation by threatening central bank independence, the Bank of Finland said in a letter to the designated prime minister.
RBI Warily Eyes Monsoon Impact on Inflation With Policy Hold
The Reserve Bank of India left its key interest rate unchanged for a second meeting and retained its tightening stance, signaling rate-setters want to see inflation moderating further while weaker monsoon risks remain a concern.
Tesla CEO Left Beijing after His Mysterious, Reportedly Gygafactory-Related, Trip
Tesla Inc (TSLA) CEO Elon Musk met with Chinese Vice Premier Ding Xuexiang last week in Beijing.
What India's Decision to Scrap its 2000-Rupee Note Means for its Economy
India will withdraw its highest denomination currency note from circulation, the central bank said on Friday.