Economy & Trade

Follow global economies, trade deals, inflation, markets, jobs, business policy, currencies and financial developments.

World Economic Forum CEO Børge Brende resigns after independent review of Epstein ties

World Economic Forum CEO Børge Brende resigns after independent review of Epstein ties

In a statement, Brende, a former Norwegian Minister of Foreign Affairs, said, “After careful consideration, I have decided to step…
Riksbank Holds Rates at 1.75%, Signals Hikes as Supply Shocks Persist

Riksbank Holds Rates at 1.75%, Signals Hikes as Supply Shocks Persist

Policy Pivot Amidst Supply Shocks The Riksbank’s decision comes at a time of mixed economic signals. While headline inflation in…
Equities Retreat as Oil Spikes and Rising Treasury Yields Weigh on Investor Sentiment

Equities Retreat as Oil Spikes and Rising Treasury Yields Weigh on Investor Sentiment

The primary catalyst for the sell-off was the spike in crude oil prices. As the world’s primary fuel source becomes…
Crystal Jade enters receivership in Singapore and Hong Kong as Kroll reviews restructuring options

Crystal Jade enters receivership in Singapore and Hong Kong as Kroll reviews restructuring options

Financial and risk advisory firm Kroll announced on September 30 that its representatives have been appointed as receivers over Crystal…
Africa’s Currencies Stabilize, but Dollar Pricing Persists in Daily Life

Africa’s Currencies Stabilize, but Dollar Pricing Persists in Daily Life

Fasakin’s experience illustrates a broader trend across major urban centers in Lagos, Accra, Nairobi, and Harare. Even as headline economic…
Romania Central Bank Holds Rates at 6.50% Amid Stagflation Risks

Romania Central Bank Holds Rates at 6.50% Amid Stagflation Risks

Stagflationary Pressures and Energy Costs The central bank’s rationale highlights a distinct tension between inflationary risks and slowing economic activity,…
Former Economy Minister Tatiana Clouthier to Seek Morena Nomination for Nuevo León Governorship

Former Economy Minister Tatiana Clouthier to Seek Morena Nomination for Nuevo León Governorship

“We will have to raise our hand,” Clouthier said. She acknowledged uncertainty regarding whether Morena will select a female candidate…
Romania’s Lei Slides to Record Low as Political Crisis Drains Central Bank Reserves

Romania’s Lei Slides to Record Low as Political Crisis Drains Central Bank Reserves

Reserves Under Pressure The depreciation of the national currency is the most visible symptom of broader financial stress, but it…
Oil Markets Wobble as Brent Tops $103 Amid Iran Sanction Fears

Oil Markets Wobble as Brent Tops $103 Amid Iran Sanction Fears

The spike in prices signals a market that is pricing in the risk of further disruption to global energy flows.…
Oil Prices Retreat as Middle Eastern Exports Hit Seven-Month High

Oil Prices Retreat as Middle Eastern Exports Hit Seven-Month High

Brent crude futures for November delivery declined by 1.5%, trading at $103.72 per barrel as of 1:10 pm ET. Simultaneously,…
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