by Jennifer George | October 23, 2024 | Economy, News
In a report published by the International Monetary Fund (IMF) on Tuesday, the financial organization highlighted an imminent slowdown in China’s real state market. The IMF has revised its growth forecast for China in 2024 to 4.8%, 0.2% points lower than its...
by Jibran Munaf | October 23, 2024 | Economy
Bank of America CEO Brian Moynihan has advised the Federal Reserve to take a cautious approach in reducing interest rates, warning that a swift pace could be detrimental. Speaking in Sydney during his first visit to Australia, Moynihan said, “They were late to...
by Jennifer George | October 22, 2024 | Economy, News
On Tuesday, the Russian city of Kazan played host to member countries of the new BRICS bloc. The 2024 BRICS summit welcomed representatives from both founding and new member states, including the UAE, Saudi Arabia, Iran, Egypt, and Ethiopia. According to recent data...
by Jibran Munaf | October 22, 2024 | Economy
Oman’s economy continues to grow, bolstered by non-oil activities, while the banking sector has recorded increases in both borrowings and deposits, according to recent data. At the close of the second quarter of 2024, the sultanate’s nominal gross domestic product...
by Jibran Munaf | October 22, 2024 | Economy
Three Federal Reserve officials emphasized on Monday the need for a slow and steady approach to lowering interest rates, giving the central bank time to navigate uncertainties surrounding the job market and inflation. Kansas City Fed President Jeff Schmid advocated...
by Jibran Munaf | October 21, 2024 | Economy
The European Union is close to selecting a firm to develop a €9 million joint purchasing platform for critical minerals and energy, according to documents and sources familiar with the matter. Eight companies are currently competing for the contract, with the winner...
