by finance_admin | November 9, 2024 | Banking, Economy, Green
The Bank of Japan (BOJ) is aiming to keep its inflation target steady at 2% even as it monitors the potential long-term economic effects of climate change, according to Governor Kazuo Ueda. Speaking at a climate impact conference in Basel, Ueda acknowledged that...
by finance_admin | November 9, 2024 | Economy
China has unveiled a 10 trillion yuan ($1.4 trillion) debt package aimed at reviving its slowing economy by allowing local governments to refinance burdensome debt. The plan, announced by Finance Minister Lan Fo’an on Friday, will permit local authorities to borrow up...
by finance_admin | November 8, 2024 | Economy, Finance
Germany’s Chancellor Olaf Scholz appointed Jörg Kukies as the new finance minister on Thursday, following the dismissal of Christian Lindner. The leadership change has escalated pressure on Scholz to initiate a confidence vote, potentially leading to snap elections...
by finance_admin | November 8, 2024 | Economy
The Federal Reserve cut interest rates by 0.25% on Thursday, bringing the benchmark rate down to a target range of 4.50%-4.75%, as the central bank continues to navigate a gradually easing labor market and steady economic expansion. The decision, which was unanimous...
by finance_admin | November 7, 2024 | Economy
The Federal Reserve is poised to announce a likely interest rate cut on Thursday, spurred by cooling inflation and a labor market slowdown. However, another, subtler factor—tight credit conditions—may also support the move, as strict lending standards have curbed...
by finance_admin | November 7, 2024 | Economy
Despite a quieter third quarter, the GCC’s initial public offering (IPO) landscape is expected to remain robust through the end of 2024, according to PwC’s Middle East Capital Markets Leader, Muhammad Hassan. Companies from various sectors across the region are...
