Economy news

Gold and Silver Prices Climb on Rate-Cut Hopes

Gold and Silver Prices Climb on Rate-Cut Hopes

Economy news
2 days ago

Precious metals like gold and silver rebounded in July as expectations for major central banks, particularly the US Federal Reserve, to initiate rate cuts increased. Gold futures for August delivery rose approximately 3.4%, or $78 per ounce, from the...

BYD to Invest $1 Billion in Turkey for New EV Plant

BYD to Invest $1 Billion in Turkey for New EV Plant

Economy news
5 days ago

Chinese electric vehicle giant BYD has committed to building a $1 billion car manufacturing plant in Turkey. This investment aims to address the increasing demand for new energy vehicles in the region and enhance access to European consumers.The move...

French Bond Markets Remain Calm Amid Political Stalemate

French Bond Markets Remain Calm Amid Political Stalemate

Economy news
6 days ago

Despite early selling, French government bond markets remained relatively stable on Monday following the second round of legislative elections. Initially, the 10-year French government bond yield increased by 3 basis points but soon settled at 3.221%...

EU Confirms Steep Tariffs on Chinese Electric Vehicles

EU Confirms Steep Tariffs on Chinese Electric Vehicles

Economy news
1 week ago

The European Commission has confirmed the imposition of steep tariffs on Chinese-made battery electric vehicles (BEVs) as of July 5th, following a nine-month investigation that revealed extensive subsidies throughout China's BEV supply chain. Th...

ECB's Lagarde Foresees Challenges on the Path to 2% Inflation

ECB's Lagarde Foresees Challenges on the Path to 2% Inflation

Economy news
1 week ago

Despite the European Central Bank (ECB) cutting rates by 25 basis points in June, President Christine Lagarde emphasized the uncertainties facing the euro area's economy. Speaking at a recent event, she cautioned against expecting a straightforw...

German Wholesale Inflation Drops as Energy Costs Fall

German Wholesale Inflation Drops as Energy Costs Fall

Economy news
2 weeks ago

Germany's producer price index (PPI) for May revealed a year-on-year decline of -2.2%, a slight improvement from April's -3.3%, yet still marginally above the anticipated -2%. This marks the eleventh consecutive month of falling wholesale prices...

European Markets Steady as French Election Looms

European Markets Steady as French Election Looms

Economy news
3 weeks ago

This week, European stock markets showed signs of stabilization following recent sharp declines driven by political uncertainties. French government bond yields remained steady after the first bond sale since President Macron's call for a snap electi...

Solar Energy Surges as Big Tech Seeks Clean Energy

Solar Energy Surges as Big Tech Seeks Clean Energy

Economy news
3 weeks ago

Solar energy use in the U.S. is rapidly expanding, outpacing all other electricity sources amid rising power demand. Despite criticism from the fossil fuel industry, which argues that renewables still make up a small portion of total power generation...

Bank of England Maintains Steady Interest Rate Course

Bank of England Maintains Steady Interest Rate Course

Economy news
3 weeks ago

The Bank of England (BOE) is poised to maintain its current interest rates despite the U.K. achieving its 2% inflation target for the first time in nearly three years. As of Wednesday morning, the milestone was seen as a significant economic ind...

London Reclaims Market Leadership Amid French Political Unrest

London Reclaims Market Leadership Amid French Political Unrest

Economy news
3 weeks ago

In a notable turn of events, London has regained its status as Europe's premier equity market, overshadowing France, which has been plunged into turmoil by political uncertainty. The French benchmark index, the CAC 40, experienced a significant...

European Markets Rebound, Fuelling Bond Surge

European Markets Rebound, Fuelling Bond Surge

Economy news
1 month ago

European stock markets rebounded strongly after facing losses earlier in the week, following the release of U.S. Consumer Price Index (CPI) data. Despite opening lower on Thursday, with France's CAC 40, Germany's DAX, and London's FTSE 100 all in the...

EU Imposes Higher Tariffs on Chinese Electric Vehicles

EU Imposes Higher Tariffs on Chinese Electric Vehicles

Economy news
1 month ago

No sooner had Chinese EV makers started to make headway in Europe than the European Union announced that it would impose higher tariffs on Chinese EVs, citing unfair subsidies that threaten the EU's EV industry. The EU bloc concluded that Chines...

European Nations Vie for Chinese EV Factories with Incentives

European Nations Vie for Chinese EV Factories with Incentives

Economy news
1 month ago

Several European countries, including Hungary, Poland, Italy, and Spain, are intensifying efforts to attract Chinese electric vehicle (EV) manufacturers by offering lucrative incentives. The European Commission has expressed concerns about the i...

Bank of Canada Cuts Rates as Inflation Eases

Bank of Canada Cuts Rates as Inflation Eases

Economy news
1 month ago

In a significant shift in monetary policy, the Bank of Canada (BoC) has reduced its key policy rate by 25 basis points to 4.75%, marking the first rate cut in four years. Many anticipated this decision, which comes as the bank notes positive tre...

Oil Prices Dip Despite OPEC+ Supply Cuts

Oil Prices Dip Despite OPEC+ Supply Cuts

Economy news
1 month ago

Despite the OPEC+ alliance's announcement of extended supply cuts, oil prices have plunged below $80 per barrel. The Ice Brent contract for August closed at $77.59, slightly up by 7 cents from Tuesday's close, while the Nymex WTI front-month contract...

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