News

According to a recent Bloomberg poll of analysts, the eurozone economy is expected to grow faster than previously anticipated in 2024, with a projected increase of 0.7%, surpassing the 0.5% growth forecast in the previous monthly survey. This optimistic outlook follows a series of positive developments in the region, including surprising first-quarter GDP readings,…

Japanese equities displayed a muted performance on Monday, with the Nikkei 225 remaining unchanged and the Topix dropping marginally, following a mixed response to local firms’ earnings projections and reward programs. Mitsui Fudosan experienced a significant decline of 6.43% due to its annual net forecast falling short of market predictions, causing the real estate…

According to a report by Bloomberg, China is set to begin selling a first tranche of its 1 trillion yuan ($138 billion) worth of ultra-long special sovereign bonds on Friday. The Central Government intends to issue 300 billion yuan in 20-year bonds, 600 billion yuan in 30-year notes, and 100 billion yuan in 50-year…

The commercial division of Chinese private smelter Henan Jinli Gold and Lead Group Co. Is expanding its commodities trading team in Singapore due to the growing optimism in copper, aluminum, and other metal markets. The division, which handles around half of China’s silver exports annually, aims to recruit between 15 and 20 additional physical…

Despite a strengthening U.S. Dollar driving up currency volatility in Asia, the region’s technology boom has offered some relief to Taiwan’s economy. This positive trend has provided a respite for Taiwan compared to other emerging Asian countries facing difficulties due to rising inflation and currency pressures. However, emerging Asian bonds may not see the…

Russian President Vladimir Putin appointed Andrei Belousov, a former deputy prime minister and economic advisor, as the new defense minister in a major shake-up aimed at gearing Russia’s economy towards winning the ongoing conflict in Ukraine. Belousov, who specializes in economics, replaces Sergei Shoigu, a long-term ally of Putin, who will take over Shoigu’s…

In a recent development, Russian President Vladimir Putin has appointed a prominent economic advisor, Andrei Belousov, as the new Minister of Defense. This surprising move has left many analysts speculating about the reasons behind this decision. According to Nuno Felix, a Portuguese journalist, who cited a tweet by Samuel Greene, Director of the Russia…

In the coming week, several important economic indicators will shape the outlook for monetary policy, particularly regarding interest rate cuts in the US. The April inflation report in the US on May 15 will be closely watched, with forecasts predicting a modest decrease in the monthly Consumer Price Index (CPI), while overall retail sales…

According to Katsunobu Kato, a senior member of Japan’s ruling party, conditions are shaping up for the Bank of Japan (BOJ) to normalize monetary policy. Kato, a former chief cabinet secretary, stated that as prices and wages start to rise in Japan after years of stagnation, it is logical for monetary policy to return…

The article discusses the increasing demand for AI chatbots and how companies are capitalizing on this trend. According to Dan Ives, an analyst at Wedbush Securities, Amazon’s focus on partnerships and providing more use cases for its Alexa AI platform, combined with expanding its voice-enabled ecosystem, positions the company well to meet this demand.…