Economy news

The global economy was still in turmoil at the start of the second week of Russia’s invasion of Ukraine, with most markets losing value as investors remained deeply shaken. On Wall Street, Dow futures slid 1.7%, nearly 600 points. Meanwhile,...

The global economy went into a tailspin on the morning that Russia attacked Ukraine, ending weeks of diplomatic efforts to avert the crisis. US stock futures plunged on Thursday. Dow futures were down as much as 780 points, or 2.4%. S&P 500 an...

The sterling edged upwards after the UK’s inflation numbers soared to a nearly 30-year high, prompting widespread expectations that the Bank of England (BoE) would further hike interest rates. The annual rate of consumer price inflation rose...

Emerging market funds look set to perform better this month than they historically have when the US Fed hikes interest rates. Emerging economies normally brace for a strong dollar, since they have often borrowed heavily in the greenback and suffer...

Analysts expect Brazil’s central bank to increase the benchmark interest rate as the country tightens monetary controls, with several more increases in the pipeline. Market watchers expect rake hikes in March and May, with interest rates exp...

The Bank of England (BoE) is expected to hike interest rates again this week as it continues to pull away from its pandemic-era stimulus that includes a slowing of its bond-buying plan. A majority of influential economists said in a recent poll th...

German government bond yields surged on Tuesday, driven by investor expectations that the European Central Bank (ECB) will announce more rapid policy tightening after its meeting on Thursday. Germany's influential 10-year government bond yield...

While many developed economies battle with high inflation and the decision whether to hike interest rates or not, Australia’s cash rate remains at a record low of 0.1%. Minutes from the Reserve Bank of Australia’s February meeting reve...

The IMF reduced its projections for global growth to 4.4%, down by 0.5%, which is significant in global terms. In particular, the group said the world’s number one and two economies, the US and China, would grow more slowly than anticipated as...

Chile’s central bank plans to raise its benchmark interest rate to 5.25%, a level not seen in a decade. Analysts expect this to come in the form of a third consecutive interest rate hike of 125 basis points. With all eyes on the US Fed and t...

Chinese President Xi Jinping appealed directly to major central bank bosses to resist increasing interest rates to ensure global financial stability. Speaking this week at a World Economic Forum event, China’s leader asked major world econom...

US stocks dipped at the end of Wednesday's trading as meeting minutes from the last Federal Reserve sit down confirmed the extent to which the American central bank wants to reduce stimulus. The Dow closed the session down 1.1% while the S&...

Emerging markets suffered a torrid year in 2021. Now, facing a new year with looming higher interest rates, stuttering growth in China, and the lingering Coronavirus pandemic, emerging markets face the future with more questions than answers. Anal...

China’s ruling Communist Party is encouraging the country’s biggest e-commerce company Alibaba to design and manufacture its own computer processor chips. President Xi has recently said that “Self-reliance is the foundation for t...

Bank of Japan Governor Haruhiko Kuroda announced this week that it was too early for the country to start changing its monetary policy to tackle inflation. The world’s third largest economy is set to lag behind other industrialized nations w...