The Brazilian government has proposed that the central bank should cover the costs of the Proagro rural insurance program, potentially delaying a crucial vote on granting the central bank financial autonomy. The move, which could …
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Japan Intervenes in Currency Market to Prop Up Yen; Analysts See Similarities to May Intervention
Japan has once again intervened in the currency market to support the weakening yen, raising concerns over the currency’s volatility and potential impact on the economy. The move comes as the yen hits 38-year lows, …
Continue readingSpain’s Economy Set for Growth Surge, Forecasts Upgraded
Spain’s economy is poised for a significant growth spurt, with revised forecasts pointing to a 2.4% expansion in 2024 and 2.2% in 2025. This upward adjustment follows a strong performance in the first half of …
Continue readingChina’s Economy Stumbles in Q2, Raising Pressure for Stimulus
China’s economic growth slowed significantly in the second quarter of 2024, prompting concerns and increasing pressure for more stimulus measures. The world’s second-largest economy expanded by 4.7% in April-June, falling short of analyst expectations and …
Continue readingArgentina To Use $1.5 Billion From Central Bank To Pay Bond Interest Due in January
Argentina’s Ministry of Economy announced on Sunday that it will purchase over $1.5 billion from the central bank to cover interest payments on its “Globales” and “Bonares” bonds due in January 2025. The funds will …
Continue readingSwiss Regulators Face Scrutiny in Credit Suisse Collapse Report
Swiss authorities are facing criticism for their handling of the collapse of Credit Suisse, according to a preliminary report by a parliamentary committee. The report, expected to be published later this year, alleges that the …
Continue readingWorld Bank to Rescue Pacific Islands from Banking Crisis
Pacific Island nations are facing a critical financial crisis. Western banks are withdrawing from the region, leaving them cut off from global finance. This has a serious impact on their economies, affecting crucial remittances, trade, …
Continue readingMarkets This Week: Trump, Fed, Earnings, and Economic Data to Watch
The week ahead promises a flurry of market-moving events, from political speeches to key economic data releases. Former President Donald Trump will be center stage as he formally accepts the Republican nomination at the Republican …
Continue readingFed Rate Cut Before Election? Recent Data Sparks Speculation
The recent softer-than-expected inflation report has ignited speculation that the Federal Reserve might cut interest rates before the November election. Market analysts point to the decline in both overall and core CPI as evidence that …
Continue readingTrump Shooting Could Boost His Election Odds, Investors Say
The shooting of former U.S. President Donald Trump during a campaign rally on Saturday has sparked speculation among investors about its potential impact on the 2024 presidential election. The incident has fueled conversations about how …
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