Economy Archives » Page 513 of 567 » Global Asset Management Seoul Korea

Cautionary tales from high-inflation emerging economies

Nov 6th 2021 IN RECENT MONTHS the world economy has come to resemble a badly microwaved dinner: generally hot, but with some bits merely lukewarm and others positively scorching. Consumer prices globally are likely to rise by 4.8% this year, according to the IMF, which would be the fastest increase since 2007. But price rises […]

Will dollar index sustain the rally?

The US Dollar Index has risen back well in the last two weeks. The support in the 93.20-93 region mentioned in this last column has held very well as expected. The index made a low of 93.28 on October 28, 2021, but rose back and closed above 94 last week. The weakness in the euro […]

October 2021 Jobs Report: Gain of 531,000 Offers Brighter Picture

“It’s a euphemism, but something the Fed takes very seriously,” said Diane Swonk, the chief economist at the accounting firm Grant Thornton. If the current surge in prices does not abate by early next year, and if both internal and external pressure to prioritize price stability takes precedence, then “patience may run out sooner than […]

China significantly enhances its openness: study

Xinhua China released the World Openness Report 2021during the fourth Hongqiao International Economic Forum in Shanghai on Friday, analyzing the global trends in opening-up, economic governance, global trade and investment. A new study has praised China’s significant achievements in opening up, especially the high-quality development since the 18th CPC National Congress in 2012. China has […]

Experts take favorable view of NWI economy in 2022: ‘Much of today’s inflation is self-inflicted’

Industry leaders painted a positive, but less robust, picture of the Region economy in 2022, pointing to the start of construction on two South Shore Railroad projects, a projected 4.5% real GDP growth rate, 4.2% unemployment and continued growth in the real estate market. Read more…

October jobs report: America adds 531,000 jobs to the economy in October

The unemployment rate fell to 4.6%, the lowest level since the economic recovery started in May 2020. The number of jobs added in October easily outpaced economists’ prediction of 450,000 jobs. It marked the first month since July that the official number didn’t undercut the consensus estimate. The US economy gained jobs across the board […]

Dollar Consolidates After Strong Gains; Nonfarm Payrolls Due

By Peter Nurse Investing.com – The dollar was marginally lower in early European trade Friday, consolidating after the previous session’s strong gains and ahead of the release of key U.S. employment data which could sway the Federal Reserve’s thinking over interest rate hikes. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the […]

U.S. Trade Deficit Hits Fresh Record on Goods Demand, Higher Inflation

The U.S. trade deficit widened in September to $80.9 billion, a record, driven by climbing demand for capital goods like computers and electric equipment and industrial supplies that have been soaring in cost as global supply chains remain snarled. The deficit in trade of goods and services grew 11.2% in September, the Commerce Department said […]

Half world’s fossil fuel assets could become worthless by 2036 in net zero transition | Fossil fuels

About half of the world’s fossil fuel assets will be worthless by 2036 under a net zero transition, according to research. Countries that are slow to decarbonise will suffer but early movers will profit; the study finds that renewables and freed-up investment will more than make up for the losses to the global economy. It […]

Entrepreneur develops local grain economy

Twentieth century steel baron Andrew Carnegie was famous as a rich industrialist who repeated the often-quoted phrase, “Man does not live by bread alone.” He might have felt differently if he’d had the chance to meet Don Guerra, who has made it his life’s mission to develop a local grain economy in Arizona. Guerra “lives […]