Philippines Central Bank Reiterates The Need To Raise Rates With The Fed
The governor of the Philippine central bank said that if the US Federal Reserve continues to raise interest rates, they will have to as well, as they cannot allow the…
Jeremy Hunt Says UK Officially In Recession
On Thursday, in his Autumn Statement to Parliament, Chancellor of the Exchequer Jeremy Hunt said Britain is now officially in recession, and he unveiled a new economic plan designed to…
UK Inflation Highest In 41 Years
British inflation leapt to a 41 year high of 11.1% last month, driven by the rapidly increasing cost of energy. The increase was revealed by the Office of National Statistics,…
CNBC Says Eurozone Recession Will Be Worse Than Thought
On Wednesday, CNBC reported that according to economists it spoke with, the 19-member Eurozone was facing a much deeper recession in the coming months than economists have been predicting. The…
French Stock Exchange Overtakes UK’s In Valuation
Paris overtook London in the competition to host Europe’s biggest stock market on Monday, according to a new report from Bloomberg. The strong performance by luxury brands like Louis Vuitton…
Covid-19 Cases Rise In China, But Strict Measures May Be Abating
China’s National Health Commission has reported that on November 12th, there were 14,878 new Covid-19 infections reported, with 1,711 being symptomatic, and 13,167 reported as asymptomatic. The 14,878 was a…
Goldman Predicts A Rally In Chinese Stocks
Goldman Sachs has issued a note predicting that when the Chinese economy fully reopens, it will translate into a 20% rise in the nation’s equity markets. In the note the…
Chinese Cities See Covid Outbreaks, More Lockdowns Loom
Guangzhou and other major Chinese cities are seeing sudden sharp escalations in COVID-19 cases, sparking fears among investors that China will return to sudden and severe lockdowns that hamper economic…
As China Possibly Backtracks On Zero-Covid, Investors Gain Hope
Despite governmental denials, rumors are spreading China may be about to make some major changes to its zero-Covid policy soon in an effort to boost economic confidence and more effectively…
UBS Chairman Says Global Bankers Betting On China
On Wednesday, UBS Bank Chairman Colm Kelleher said that despite concerning reports in the Western media, international investment bankers are still bullish over the prospects for the Chinese economy. Speaking…
