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Economy
China Property Crash Is Hurting Niche Pocket of ESG Finance
(Bloomberg) -- China’s property downturn is weighing on yet another corner of financial markets: ESG-labeled securitized debt.Most Read from BloombergChinese developers are issuing far fewer securities tied to climate or social…
The World’s Most Accurate Economist Shares His Forecasts, US Outlook
Predicting the direction of the US economy hasn't been easy. Whether it's the markets or the Federal Open Market Committee, no one seems to be getting their forecasts right.But if you want the closest thing to accuracy, French economist…
Argentina to sell dollars on parallel market as part of anti-inflation drive
BUENOS AIRES (Reuters) -Argentina's central bank will start selling U.S. dollars in the country's parallel foreign exchange markets in an effort to combat inflation and freeze the country's money supply, the government said on…
JPMorgan CEO warns inflation and rates may stay higher for longer
JPMorgan Chase CEO Jamie Dimon warned that inflation and interest rates may stay higher for longer than expected, even as three of the biggest US banks posted solid quarterly results.
“There has been some progress bringing…
Why is Greece introducing a six-day working week? | Business and Economy News
While some countries in the world are considering a switch to a four-day working week, Greece is swinging in the opposite direction.
Its government is implementing a new six-day work schedule which falls under an employment law titled…
U.S. states with worst infrastructure: Alaska, Maine, New Hampshire
American infrastructure is getting the biggest financial boost in generations, and some states need the help more than others.The huge federal programs undertaken by the Biden administration have states and companies clamoring for a…
June CPI inflation report preview
An Aldi supermarket in Alhambra, California, on June 27, 2024.Eric Thayer | Bloomberg | Getty ImagesA widely anticipated inflation report on Thursday may solidify expectations for the Federal Reserve to cut interest rates in coming…
China June consumer inflation misses expectations amid anaemic demand
By Qiaoyi Li and Ryan WooBEIJING (Reuters) -China's consumer prices grew for a fifth month in June but missed expectations, while producer price deflation persisted, with domestic demand mired on a slow recovery track despite support…
Temp jobs drop may foreshadow slowing employment growth
Employers launch new hiring incentives to combat the labor shortageNew benefits are being created across various industries to combat the worker shortage and attract talent.ZMG, ZMGTemporary workers were hit with 49,000 job losses in…
IMF to Consider Options to Lower Penalties on Big Borrowers
(Bloomberg) -- The International Monetary Fund is set to discuss a review of the fees it charges its biggest borrowers after some nations raised concerns that costs are becoming unreasonable due to higher interest rates.Most Read from…