Eurozone businesses are facing an evolving economic landscape, as evidenced by a recent survey conducted by the European Central Bank (ECB) involving 57 large companies across the eurozone. The survey reveals that these businesses anticipate a deceleration in wage growth. Specifically, they expect wage increases to slow to 4.3% this year, down from 5.4% in […]
Regional banks have begun to turn the corner on net interest income (NII) in the second quarter, signaling a potential recovery after a prolonged period of decline. PNC Financial Services Group Inc. and M&T Bank Corp. both reported their first increases in NII since 2022. Meanwhile, US Bancorp ended a streak of four consecutive quarterly […]
China central bank, the People’s Bank of China (PBOC), is embarking on a groundbreaking initiative in global monetary policy by taking inspiration from hedge fund strategies: short-selling government bonds. As President Xi Jinping and top Party leaders convene for the once-in-five-years Third Plenum to outline China’s economic trajectory. Governor Pan Gongsheng and the PBOC are […]
Canada Inflation Slows again, providing the Bank of Canada with an opportunity to reduce interest rates next week. The consumer price index (CPI) increased by 2.7% in June compared to the previous year, down from 2.9% in May, according to a report from Statistics Canada released on Tuesday in Ottawa. This figure aligned with the […]
In a promising turn for the US retail sales excluding automobiles saw a significant rebound in June, marking the largest increase in three months. This uptick suggests that consumers regained momentum towards the end of the second quarter. This is despite challenges such as high interest rates and a cooling labor market. Key Statistics and […]
In a decisive move to enforce compliance with export regulations, the U.S. Commerce Department has imposed a three-year export ban on USGoBuy, a freight-forwarding company based in Portland, Oregon. Officials have emphasized that this action serves as a stark warning to companies to strictly adhere to U.S. export-control laws, especially concerning the shipment of sensitive […]
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