Economy & Trade
Follow global economies, trade deals, inflation, markets, jobs, business policy, currencies and financial developments.
OpenAI Revenue Concerns Trigger SoftBank Slide, Steadying U.S. Futures
2 weeks ago
OpenAI Revenue Concerns Trigger SoftBank Slide, Steadying U.S. Futures
The primary casualty of the revised expectations was SoftBank Group, whose shares slid significantly in Asian trading. SoftBank has been…
US Stock Futures Fall as Treasury Yields Hit 2002 Highs and Oil Surges on Middle East Tensions
2 weeks ago
US Stock Futures Fall as Treasury Yields Hit 2002 Highs and Oil Surges on Middle East Tensions
The primary driver of market stress is the cost of borrowing, which has reached levels unseen in over two decades.…
Revolut Commits S$350 Million to Singapore Expansion and New CBD Office
2 weeks ago
Revolut Commits S$350 Million to Singapore Expansion and New CBD Office
The expansion marks a significant shift in Revolut’s posture in Southeast Asia. While the company opened in Singapore in 2019,…
U.S. Stocks Retreat as Treasury Yields Hit 24-Year Highs
2 weeks ago
U.S. Stocks Retreat as Treasury Yields Hit 24-Year Highs
The decline in U.S. equities was led by the Dow Jones Industrial Average, which lost 341.41 points, or 0.66%, to…
Poland’s Zloty Strength Dims Euro Ambitions as Public Opposition Holds
2 weeks ago
Poland’s Zloty Strength Dims Euro Ambitions as Public Opposition Holds
Finance Minister Andrzej Domanski recently articulated the current government’s position, asserting that Poland’s robust economic performance has effectively removed the…
RBI hikes rates by 25 basis points, signals further tightening ahead
2 weeks ago
RBI hikes rates by 25 basis points, signals further tightening ahead
The immediate consequence of this rate hike is an increase in the cost of borrowing across the economy. For households,…
Singapore STI Slides 2.7% as Rising Yields and Oil Prices Pressure Banking Sectors
2 weeks ago
Singapore STI Slides 2.7% as Rising Yields and Oil Prices Pressure Banking Sectors
The decline stands in sharp contrast to the session the previous day. On Wednesday, the STI had already recorded a…
HSBC to cut up to 70% of UK wealth advisers in AI-driven restructuring
2 weeks ago
HSBC to cut up to 70% of UK wealth advisers in AI-driven restructuring
The restructuring is part of a broader strategy to integrate artificial intelligence (AI) into client services, allowing the bank to…
US Stocks Hit Record Highs as AI Boom Overpowers Bond Market Turmoil
2 weeks ago
US Stocks Hit Record Highs as AI Boom Overpowers Bond Market Turmoil
The AI Engine and Sector Divergence The primary driver behind the rally was renewed investor confidence in the artificial intelligence…
Closure of 72-Year-Old Tulbagh Cannery Threatens Supply Chain and Regional Economy
3 weeks ago
Closure of 72-Year-Old Tulbagh Cannery Threatens Supply Chain and Regional Economy
The decision to close the facility, located approximately 120 kilometers from Cape Town, is driven by a confluence of economic…