— This is the script of CNBC’s financial news report for China’s CCTV on December 19, 2022. As many people watched the World Cup final in the early hours of the morning, what kind of economic impact does winning the tournament have on the country that wins it? It has been found that countries that […]
In financial terms the past year has been bad for almost everyone. Inflation of 10% year-on-year across the rich world has slashed household incomes. Investors have lost out as global stockmarkets have plunged by 15%. Yet this poor aggregate performance hides wide differences: some countries have done pretty well. In order to assess these differences, […]
Can China’s yuan energy deals erode the power of the US petrodollar? South China Morning Post Read the full article…
Relief Checks live updates: Interest rates, Social Security payments, housing market… AS USA Read the full article…
PAYNESVILLE, Liberia, Dec 17 (Reuters) – More than a thousand people joined a demonstration in a suburb of Liberia’s capital on Saturday, protesting over economic hardships and President George Weah’s prolonged absence from the country. Large protests have taken place sporadically during Weah’s five years in office, but anger over his government’s management of the […]
ROME, Dec 17 (Reuters) – The prospect of subsequent hikes in interest rates by the European Central Bank is worrying for highly indebted countries like Italy, the economy minister said on Saturday, following an ECB decision to raise its benchmark rate by 50 basis points. “We have benefitted as a country for several years of […]
SALT LAKE CITY — At least two Salt Lake City bakeries will close within the next month, citing economic concerns. The Big O Doughnuts, a gourmet vegan doughnut shop, plans to close Jan. 15. Owner Ally Curzon blamed inflation, saying she’d need to charge $10 per doughnut for the business to work. A box of […]
The token of the decentralized application (DApp) creation platform Waves (WAVES) is plummeting after the algorithmic stablecoin backing it failed to maintain its peg to the US dollar. From opening at $2.38 on December 1st, Waves is now trading for $1.75, a nearly 27% decrease. The low-cap Ethereum (ETH) rival is seeing massive losses after […]
After scaling 40-year highs, inflation in the United States has been slowly easing since summer. Yet the Federal Reserve seems decidedly unimpressed — and unconvinced that its fight against accelerating prices is anywhere near over. On Thursday, stock markets buckled on the growing realization that the Fed may be willing to let the economy slide into recession […]
Capex revival and increased infrastructure spending by the government are likely to be among the key drivers of the Indian economy in 2023, according to analysts. Analysts say they are already seeing multiple green signals of higher capacity utilisation levels, higher capital spending and de-leveraged balance sheets which point to a capex cycle revival. While […]
