Authors: Minquan Liu, Peking University and Yuming Cui, HITSZ As the largest goods trading nation and the second-largest economy in the world, it is not surprising that China’s recent trade policy moves have sparked debate. As a primary supplier of many traded goods, China holds even more impact on world price stability as Russia’s war […]
Hello and welcome to our economic and finance live blog for Wednesday 20 July. Bitcoin has improved its market position in recent weeks, increasing more than eight percent during the last month and now hovering above $21,000. However, across the stock market, asset value is down, contributing to the belief by investors that the US economy is […]
Cost-of-living crisis: Global impact and solutions World Economic Forum Read more…
At 9.01am, the local currency improved to 4.4470/4500 versus the greenback from Tuesday’s close of 4.4480/4510. — Picture by Hari Anggara Wednesday, 20 Jul 2022 10:29 AM MYT KUALA LUMPUR, July 20 — The ringgit continued yesterday’s upbeat momentum to open higher today, responding to the positive news globally, a dealer said. At 9.01am, the […]
USA finance and economy live updates: CPI report, Social Security, bitcoin, inflation, interest rates, Dollar AS USA Read more…
Recession to Hit Major Economies in the Coming Year According to a forecast by the chief economist of Nomura Holdings Inc., a brokerage firm in Japan, several major economies will experience a recession over the next 12 months as a result of rising living expenses (inflation) and tightening governmental regulations. At this time, the […]
Issued on: 19/07/2022 – 08:18 Accra (AFP) – Ghanaian trader Mohammed Biney was already struggling when the government passed a new tax on electronic money transactions this year to try to revive the economy. With Ghana now buckling under nearly 30 percent inflation, the Accra shoe seller was shocked when the government announced in July […]
Comment on this story Comment For a few decades now, China has been converging with the US economically. Depending how you measure it, its gross domestic product has either already passed that of its great global rival or is getting ever closer. Average incomes are still much lower in China, but by another key metric of living […]
People chat in front of an electronic board displaying movements in major indices at the Johannesburg Stock Exchange building in Sandton Johannesburg, file. REUTERS/Siphiwe Sibeko Register now for FREE unlimited access to Reuters.com Register July 18 (Reuters) – South Africa’s rand steadied against the dollar on Monday, after the U.S. currency fell to a more […]
ExplainSpeaking-Economy is a weekly newsletter by Udit Misra, delivered in your inbox every Monday morning. Click here to subscribe Dear Readers, Here’s a quick summary of what’s been happening in the global economy: Notwithstanding rapid increases in interest rates by the US central bank, the inflation rate for June came in at 9.1 per cent. […]
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