Sunil Sahil
At the end of June, Beijing’s assets were at a 14-year low of $835 billion as there is growing signs that the post-COVID economic recovery is waning. According to Carson Group, the nation is probably selling its Treasury bonds to support the yuan, which is still declining versus the US currency. Sonu Varghese, global macro … Read more
In 2020, the corporation received a subpoena from the US Department of Justice and US CFTC, who were looking into Gunvor’s transactions in Ecuador. An ex-employee of Gunvor entered a guilty plea in 2021 to what U.S. federal authorities described as a plan to buy business by bribing Ecuadorean government officials. Gunvor boosted the amount … Read more
“The bank is cooperating with such authorities and is pursuing efforts to enhance its Bank Secrecy Act/anti-money-laundering compliance programme,” the Toronto-based business said. “The bank anticipates monetary and/or non-monetary penalties to be imposed,” the statement reads, “although the ultimate results of these inquiries and investigations are unknown at this time.” A Justice Department official declined … Read more
The Nasdaq 100 had losses that exceeded 2%, while the S&P 500 almost completely erased its weekly gain. The yield on the two-year Treasury note, which is more responsive to impending policy changes, increased to almost 5%. Tesla Inc. and Apple Inc. both experienced declines of at least 2.6%, which put pressure on the megacap … Read more
The U.S. dollar sat at an over two-month peak on Friday, on course for its sixth straight week of gains as markets await a speech from Federal Reserve Chair Jerome Powell to gauge the path of monetary policy. Investors will parse through Powell’s address on monetary policy at the Jackson Hole Economic Policy Symposium at … Read more
Reuters, SAO PAULO, August 23 – The CEO of Brazilian steelmaker CSN said on Wednesday that his company is still interested in entering the North American market but would not make an offer for U.S. Steel because it is too large of a target. Steinbruch, who is also a controlling shareholder in CSN, said to … Read more
Colette Kress, the chief financial officer of Nvidia, said that restrictions on the selling of AI processors and expensive components already had the desired impact during a conference call with analysts on Wednesday night. The corporation is now not allowed to sell its premium graphics processing unit, or GPU, in the nation, despite the fact … Read more
When the United States’ commerce secretary, Gina Raimondo, visits China the next week, China is looking forward to in-depth negotiations with the US on addressing economic and trade concerns, a representative for China’s commerce ministry said on Thursday. As the most current in a recent round of high-level visits intended to stop a deterioration in … Read more
In the 141 largest metropolitan areas in Canada and the United States, the study examines the median employment income, which includes earnings, salaries, and commissions from paid work as well as self-employment income (net) before taxes and government transfers. Only two of the study’s 14 Canadian CMAs place in the top half, while many more … Read more
The United States has had the largest debt in the entire world for a very long time. While debt has historically been seen as a bad sign, and while this stigma is still evident in many nations and cultures around the world, there has been a shift in global thinking in this area, and debt … Read more
