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Business

Earnings preview: US big banks may see profit fall in second quarter

The US earnings season will kick off with big banks reporting their second-quarter performance on Friday. Analysts expect these banks' profits to be negatively impacted by rate cut expectations.

Markets

Fed holds US interest rate steady with just one possible cut this year

The policymakers' forecast for one rate cut was down from a previous forecast of three, because inflation, having cooled in the past two months, remains persistently high.

Markets

European stocks, single currency rally as US inflation cools

European assets surged on Wednesday following a lower-than-expected inflation report in the United States, brightening the outlook for potential Federal Reserve interest rate cuts this year.

Economy

Why might the euro continue to weaken against the US dollar?

The euro has shown a weakening trend against the US dollar since the start of the year. The decline can be attributed to divergence in inflation trajectories of the euro area and the US, suggesting a continuation of the euro's depreciation relative to the dollar.

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Markets

Weekly markets round-up: Optimism high on interest rate cut hopes

Major European indices have notched up all-time highs, with the FTSE 100 reaching a fresh record following signals from the Bank of England (BoE) indicating an impending rate cut.

Economy

What do European fund managers think about growth and inflation?

Optimism among European fund managers surged in April due to rising economic recovery hopes. European equities have gained favour, though worries about central bank policies potentially triggering a market correction loom large.

Markets

Markets Report: What's in store for the week

The Eurogroup meetings and the release of the US Consumer Price Index (CPI) are poised to provide insights into the trajectory of regional economic development and interest rate outlooks this week.

Economy

US retail sales up in December, but consumers remain pessimistic

People in the US stepped up their spending at retailers in December, closing out the holiday shopping season and the year on an upbeat tone and signalling that people remain confident enough to keep spending freely.

18 January 2024

Economy

US jobless claims shows resilience for the world's biggest economy

Latest US jobless claims and GDP data shows world's largest economy is still expanding.

21 December 2023

Markets

US prices rise as inflation data dampens rate cut expectations

The US's anticipated inflation figures strongly influence trends, especially one day before the Federal Reserve announces its latest monetary policy decision.

12 December 2023

Economy

US economy grows by almost 5% in third quarter

The US economy expanded at a robust 4.9% annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace.

26 October 2023

Business

US central bank raises interest rate to highest level in 15 years

"We are moving our policy stance purposefully to a level that will be sufficiently restrictive to return inflation to 2%", said Federal Reserve chariman Jerome Powell.

2 November 2022

Travel News

Europe is a ‘bargain’ for US holiday homebuyers right now. Here's why

As the Euro plummets in value, some American home buyers are taking advantage of their increased spending power.

7 September 2022

USA

Biden: US economy 'on the right track' despite recession fears

US president Joe Biden has said his country is "on the right track", despite its economy shrinking for the second quarter in a row.

Tech News

'Every organisation is evolving': How the corporate world is changing

We speak with Sony's Tiffany Warren about what it was like climbing to the top of corporate American as a woman of colour.

USA

US Congress approves Biden's $1.9 trillion COVID relief bill

The White House described it as a "historic legislative package that will turn the page on this pandemic, deliver direct relief to Americans, and jumpstart our economy."

USA

US job growth likely rose in February in rebound from slump

The Congressional Budget Office projects that the nation will add a substantial 6.2 million jobs this year, though that wouldn't be nearly enough to restore employment to pre-pandemic levels.

China

China to replace US as 'world's biggest economy by 2028' due to COVID

"We now think that the Chinese economy in dollar terms will overtake the US economy in 2028, a full 5 years earlier than we thought last year," the annual report from the Centre for Economics and Business Research has found.

26 December 2020

Economy

The US sees the eurozone as the economy most likely to fold. It should look closer to home ǀ View

America is far from the perfectly functioning currency area so beloved by its European devotees. Rather, the US model of limited government at state level has exposed the fragile nature of the American dream.

Economy

Aid packages help minimise impact of virus on world econonomies

The effect of the Coronavirus on the economy is being felt across the globe. Aid packages are being introduced by countries in the hope these might help people who are unable to work and potentially in financial difficulties. The UK has pledged 330 Billion pounds and the US 1 Trillion dollars.