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 […]
Canada economic growth in the first quarter of this year fell short of expectations, signaling potential challenges ahead. The latest data released by Statistics Canada on Friday in Ottawa revealed that the gross domestic product (GDP) expanded at an annualized pace of 1.7%, lower than the 2.2% forecasted in a Bloomberg survey and the Bank […]
Finance leaders from around the world are expressing growing unease over China’s significant influence in global trade. They are on the verge of establishing a unified stance in Italy to equip their nations to challenge what they see as “detrimental practices.” Stronger Language at G7 Summit Signals Intent A preliminary statement from the G7 summit […]
In a highly anticipated decision, the Bank of Canada has opted to keep its key interest rate unchanged, signaling a cautious approach amidst evolving economic conditions. The decision, announced today by Governor Tiff Macklem, comes amid mounting speculation about the central bank’s stance on monetary policy. Interest Rate Status After careful deliberation, policymakers at the […]
First American News LLC-Raleigh, NC: Russian forces closed in on Kyiv, attacking by land and air on Friday, while Ukrainian soldiers and civilians dug in to defend the capital. Ukraine’s president vowed not to surrender. Moscow signaled an openness to talks with Kyiv. But shortly after, Russian President Vladimir Putin excoriated Ukrainian counterpart Volodymyr Zelensky, […]
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