A former senior U.S. Treasury development adviser said on Wednesday that as a condition of modifications to the International Monetary Fund’s shareholding formula, the U.S. should insist that China fund debt restructuring for struggling poor and middle-income nations. According to Nancy Lee, a former deputy assistant Treasury secretary who now works for the Centre for … Read more
On Thursday, stocks ended slightly lower due to conflicting predictions on whether the US will continue its tightening monetary policy. Against the dollar, the local currency increased. To settle at 2,403.60, the Kospi lost 2.09 points, or 0.09 percent. To close at 801.02, the Kosdaq secondary index dropped 6.38 points, or 0.79 percent. Losers outnumbered … Read more
Following a day of gains with a halt to the bond rout, Wall Street stocks were barely changed before the bell on Thursday. Attention is now shifting to Friday’s important labour market data. After ending a three-day losing run on Wednesday as the major stock indices recovered from a sell-off, futures on the Dow Jones … Read more
Brazil and other significant developing nations have long called for a significant redistribution of IMF quotas to address the underrepresentation of large emerging-market economies, but Tatiana Rosito, the secretary for international affairs at the Brazilian Finance Ministry, claims that the cost of inaction is rising. While changes delay, the developing world hasn’t stood still, she … Read more
The median salary gains for job switchers dipped to 9% in September, the lowest rate of rise since June 2021, according to data released by ADP on Wednesday. At their height, workers’ average annual wage gains were about 16%, more than twice the rate of those who stayed on the job. But according to data … Read more
Data provided shows that after peaking in March 2020, bonds maturing in 10 years or more have fallen 46%. That is just marginally less than the 49% decline in US stocks that followed the dot-com bust at the turn of the century. Even worse, 30-year bonds have lost 53% of their value, almost matching the … Read more
The US Secretary of Commerce, Gina Raimondo, referred to revelations of a chip development by Huawei Technologies Co. as “incredibly disturbing” and emphasised the need for her agency to find more effective ways to enforce its export-control policies. She stated during a hearing of the Senate Commerce Committee, “We need different instruments. “We require more … Read more
The Sensex and the Nifty, two Indian market indices, ended a two-day losing trend to trade higher on October 5 as a result of falling oil prices and falling US bond yields. As a result of weaker-than-expected employment market statistics, the US bond yields, which had reached multi-year highs, began to decline. This change in … Read more
“We think conservatively it could add $3 billion [to Amazon’s revenue] if they’re just showing three minutes of ads every hour under the advertising community’s current go-to-market,” Walmsley said on Yahoo Finance Live (see video above). “But if they actually increase those ads closer to six minutes an hour, then it could obviously double that,” … Read more
In a speech he gave during his April visit to China, Brazilian President Luiz Inácio-Lula da Silva said, “Every night I wonder myself why all countries must rely their trade on the dollar. Why aren’t we able to conduct trade using our own currencies? Who made the decision that the dollar will replace the gold … Read more
