In the recent release of its Commercial Vehicle Dealer Digest, ACT Research reported that while the U.S. economy and commercial vehicle demand remain strong, so do the constraints that have been hampering production for the better part of this year. “U.S. GDP growth is projected at 6.2% this year and next. That bullish outlook is […]
The Taliban have appointed an acting head of Afghanistan’s central bank to help ease growing economic turmoil, more than a week after the Islamist movement seized the capital Kabul, a statement said on Monday. Haji Mohammad Idris was named as acting governor of the bank to help bring order to a war-crippled economy, which has […]
RIO DE JANEIRO, BRAZIL – After four consecutive declines, economic activity recovered in June, recording a monthly growth of 2.5% (seasonally adjusted), only 2.2% below the pre-pandemic level (February 2020), according to the National Institute of Statistics and Censuses (INDEC) on Thursday. The monthly estimate of economic activity (EMAE) also […]
If it’s put into place, proposed Amtrak service between New York City and Scranton, Pennsylvania would provide a $2.9 billion one-time financial boost to the region, followed by about $87 million in economic activity annually. That was the conclusion of an Amtrak analysis released this month that provides some, but not all the fiscal information […]
– EUR/USD steadying but support shifting to 1.16 – Recoveries seen meeting resistance above 1.18– Sellers lay in wait as Fed speech, ECB mins eyed– Putting Fed-ECB divergence back under spotlight Image © Adobe Images EUR/USD reference rates at publication: Spot: 1.1716 Bank transfers (indicative guide): 1.1306-1.1388 Money transfer specialist rates (indicative): 1.1611-1.1634 More information […]
Every Monday, Mint’s Plain Facts features key data releases to keep an eye on during the week. The Reserve Bank of India (RBI) will release the fortnightly data on credit and deposits of commercial banks. Gross domestic product (GDP), goods trade, and business activity data for the US will be out. And the euro area’s flash composite […]
‘Nixon Shock’ still a threat to global economy, 50 years on South China Morning Post Read more…
British capitalism seems to be on a roll. A million job vacancies were advertised in July, a new monthly record. Early signs are that unwinding the furlough scheme, now under way, is not going to cause a sharp rise in unemployment. House prices are rising at the fastest rate since 2004. Public borrowing in July […]
Some economic effects of the coronavirus are obvious. Pre-pandemic, the share of retail sales conducted online had taken around eight years to go from 10% to 20%, but then in nine months shot up to 36% in January 2021. But perhaps more surprising was a recent dramatic headline from Bloomberg: “UK Wage Growth Hits a […]
The safe-haven US dollar on Friday slipped from a nine-and-a-half-month high as risk appetite improved, with equities gaining and benchmark US Treasury yields higher, although the near-term outlook for the greenback remained upbeat. The US currency remained supported overall by concerns that the Delta variant of SARS-CoV-2 could derail global economic recovery just as […]
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