As the U.S. Federal Reserve prepares to initiate its easing cycle, many analysts speculate about the impact this will have on the domestic and global economy. Fitch Ratings recently released an outlook predicting that the Fed’s forthcoming rate cuts, which are set to begin in September, will be mild compared to historical trends. The agency
Finance
In August, China’s economy showed signs of slowing progress as key indicators revealed growth that fell short of expectations. The National Bureau of Statistics (NBS) reported that retail sales increased by only 2.1% compared to the previous year. This was below the anticipated 2.5% growth projected by economists surveyed by Reuters and represented a decline
In the face of a sluggish post-pandemic recovery, China has embarked on a strategy aimed at stimulating domestic consumption, a crucial component to sustain economic growth. One of the most recent initiatives introduced by the Chinese government involved the allocation of 300 billion yuan (approximately $41.5 billion) in ultra-long special government bonds. This funding is
Dutch challenger bank Bunq has announced ambitious plans for growth, with the intention to increase its global headcount by 70% in the upcoming year. While many other financial technology startups have been cutting down on staff, Bunq is taking a different approach by expanding into new regions such as the U.K. and the United States.
JPMorgan Chase experienced a significant drop in share price after the bank’s president, Daniel Pinto, expressed concerns over the bank’s net interest income and expenses projections for 2025. Pinto stated that expectations for next year’s net interest income of about $90 billion were overly optimistic due to the Federal Reserve’s potential interest rate cuts. This
Recently, a top Federal Reserve official revealed adjustments to a proposed set of banking regulations in the United States. The original regulatory overhaul, known as the Basel Endgame, was introduced in July 2023 with the aim of increasing capital requirements for the largest banks by approximately 19%. However, following feedback from various stakeholders, including banks,
Amid a hotly divided opinion on the Federal Reserve’s forthcoming meeting, analysts like Michael Yoshikami have suggested that the central bank can afford to make a significant 50 basis point rate cut without spooking the markets. This suggestion comes in light of concerns around a potential economic downturn and the need for the Fed to
Warren East, the former CEO of British chip design firm Arm, highlighted the challenges the U.K. faces in commercializing technology businesses globally. He emphasized the need for a mindset shift from the investor community to secure a spot on the world stage. According to East, the lackluster growth and poor rates of GDP per head
China recently reported a rise in its consumer price index by 0.6% year on year in August, which was below expectations. This was mainly due to the decline in costs of transportation, home goods, and rents. The forecasted consumer price index was expected to have climbed by 0.7% year on year in August, according to
Seven & i Holdings has recently made the decision to reject a takeover offer from Canadian convenience store operator, Alimentation Couche-Tard. The company stated that the offer was not in the best interest of its shareholders and stakeholders. This refusal was based on a careful evaluation by the special committee formed by Seven & i