There is a fragile calm in the capital markets today ahead of the long holiday weekend for many. The poor US economic data yesterday and third consecutive decline in the KBW bank index weighed on...
Hungary wants to become a key producer of electric vehicle batteries. Government spending has attracted investments, including a new Chinese gigafactory. The sound of whirring, rattling and bleeping fills the springtime air as excavators and...
Three decades after China enshrined the goal of a “socialist market economy” in its constitution, the era of “reform and opening up” appears to have ended, say experts. Thirty years ago, on March 29, 1993, China formally...
Germany’s lack of skilled laborers has prompted Berlin to reassess immigration policy. The Cabinet has now approved a new legislative proposal from the Interior and Labor Ministries. Germany’s dearth of skilled laborers has forced Berlin to look...
In March, I somehow became a feminist and am tempted to write something on women but meant for everyone. Last year my article “Abla Nari Maha Sanskari- Is our culture detrimental to women empowerment?” was...
The UK government has comfortably won a parliament vote on its new Northern Ireland-EU deal. The Windsor Framework now looks set to be implemented. Most business leaders in Northern Ireland are happy about that. In...
The market has concluded that the Fed will hike rates today. The US two-year yield has risen from about 3.63% at Monday’s lows almost 4.20% yesterday. It needs to rise to 4.35% to recover half...
Global stock markets plunged as they opened to the news of the shotgun buyout of Credit Suisse by rival UBS. Swiss authorities had hoped the takeover will calm investors. Stock markets remained jittery on Monday...
Saudi Arabia’s national oil producer Aramco achieved “record” profits totaling $161.1 billion, a nearly 50% increase. The firm saw prices skyrocket after Russia invaded Ukraine, leading to soaring global energy prices. Aramco, the mostly Saudi...
The dramatic shift in expectations for Fed policy is a potent shock, with reverberations throughout the capital markets. The business press was full of accounts putting the nearly 50 bp decline in the US two-year...
In a joint statement, US authorities said they would work to protect depositors, and said losses would not be borne by the taxpayer. President Joe Biden said he would make a further statement on Monday...
Seeing the drama he inspired on Tuesday, the Fed chair tried soft-pedaling the idea that he was signaling a 50 bp hike in March. The market did not buy it. And the odds, discounted by...