BRICS, a group of fast-growing economies including Brazil, Russia, India, China, and South Africa, seeks to challenge the dominance of the US dollar in global trade. They are motivated by a desire to reduce reliance on a currency that grants the United States significant economic and geopolitical power, including the ability to impose sanctions. The ...
Canada’s economy grew by 1% in the third quarter, which was below expectations. As a result, the likelihood of a significant interest rate cut by the Bank of Canada in December has increased from 31% to 50%. This indicates some concern over the Canadian dollar’s weakness in relation to the US dollar. Market participants are ...
In Indonesia, the cryptocurrency Market has reached a significant milestone, with total transactions hitting IDR 475.13 trillion from January to October 2024. The number of registered crypto customers has surged to 21.63 million, with 716,000 actively trading. This growth indicates a rising interest among Indonesians in crypto trading. The Head of CoFTRA, Kasan, attributes this ...
As November begins, markets are feeling the pressure. While central banks have adopted dovish stances and economies are expanding, the recent decrease in inflation has raised concerns about market vulnerability. Analysts are cautioning that a shift in central bank policies or unexpected economic developments could quickly alter the current favorable landscape, leaving investors on edge.
The Kyrgyz Republic is gauging interest from investors for its potential debut in the dollar bond market. This move marks a significant step for the country as it seeks new funding avenues. Officials are optimistic about attracting foreign investment and enhancing its financial standing through this initiative.
In the early days of Javier Milei's presidency, the head of Volkswagen AG's South America division expressed concerns about his leadership. However, things have changed. Now, many business leaders, including him, are feeling optimistic about Argentina for the first time in years.
China’s central bank is expanding its monetary policy toolkit to better manage liquidity in the financial system. This move aims to provide more options for fine-tuning the economy amid ongoing challenges. By introducing new measures, officials hope to enhance financial stability and support economic growth.
Thailand plans to raise the retirement age to 65 for both the private and government sectors. This decision comes as a response to advancements in healthcare and medical technology, according to the Bangkok Post.
China's recent stimulus rollout aims to boost domestic demand and meet the nation's annual growth target, according to Vice Finance Minister Liao Min. Investors are now waiting for a lawmakers' meeting set to reveal details of Beijing's important fiscal package.
Bank of Canada Governor Tiff Macklem has stated that the federal government's decision to reduce immigration targets will have a modest effect on economic growth. However, he believes the impact on inflation will be limited.
