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Economy

The US economy likely finished 2022 with on a high note despite

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Economy

Saudi Arabia is planning to balance its state budgets over the medium

Zambia and interesting details
Economy

Countries in different parts of the world are trying to minimize the

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Economy

The US economy likely finished 2022 with on a high note despite

Sterling declined on Thursday. What about Euro and Dollar?
Forex

Sterling fell slightly on Friday but was still close to its highest

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Sterling declined on Thursday. What about Euro and Dollar?

Sterling Is Losing Ground

Sterling fell slightly on Friday but was still close to its highest level in over seven months against the US dollar. Investors anticipate that the British economy’s slowing will bring the Bank of England’s

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Sterling declined on Thursday. What about Euro and Dollar?

Sterling Is Losing Ground

Sterling fell slightly on Friday but was still close to its highest level in over seven months against the US dollar. Investors anticipate that the British economy’s slowing will bring the Bank of England’s (BOE) tightening cycle to an

dollar

The Value of The Dollar Remained Stable

The US dollar changed a little in European morning trade on Thursday. Markets are eagerly awaiting US GDP data before taking new positions. The dollar index was steady at 101.39. Individual crosses were there same. The euro rose by

dollar

The Dollar Gains Ground

The dollar edged up in quiet trading on Wednesday as investors awaited the Federal Reserve’s policy decision next week, while the euro traded just below a nine-month high. The euro was 0.26% lower against the dollar, trading at $1.086,

Euro

The Euro Remained at A Nine-Month High

The euro remained at a nine-month high against the dollar. Still, European stocks fell after regional business activity data confirmed expectations that the European Central Bank (ECB) will raise interest rates by another 50 basis points. According to a

Sterling declined on Thursday. What about Euro and Dollar?

Sterling Is Losing Ground

Sterling fell slightly on Friday but was still close to its highest level in over seven months against the US dollar. Investors anticipate that the British economy’s slowing will bring the Bank of England’s (BOE) tightening cycle to an

IBM Plans to Cut up to 4 Thousand Jobs

IBM Plans to Cut up To 4 Thousand Jobs

The wave of companies cutting workers continued on Wednesday with International Business Machines Corp (IBM). The company will cut around 3,900 jobs. According to a spokesman, the reductions will come from Kyndryl Holdings Inc., an IBM spin-off company that

natural gas

US Natural Gas Falls Below $3

US natural gas futures fell below $3 due to mild winter weather, contributing to the country’s worst commodity selloff. On Thursday’s New York Mercantile Exchange, gas for February delivery traded as low as $2.857 per million British thermal units.

dollar

The Value of The Dollar Remained Stable

The US dollar changed a little in European morning trade on Thursday. Markets are eagerly awaiting US GDP data before taking new positions. The dollar index was steady at 101.39. Individual crosses were there same. The euro rose by

BROKER NEWS

Sterling declined on Thursday. What about Euro and Dollar?

Sterling Is Losing Ground

Sterling fell slightly on Friday but was still close to its highest level in over seven months against the US dollar. Investors anticipate that the British economy’s slowing will bring the Bank of England’s (BOE) tightening cycle to an end soon, potentially weakening the pound in the short term.

US Economy Recovering, Albeit Slowly

The US economy likely finished 2022 with on a high note despite its numerous challenges. FactSet’s economists have estimated that the GDP grew at a 2.3% annual pace from October to December. However, the economy is still broadly expected to slow down and potentially slide into a recession

China's 1st Quarter GDP Shocks The World With a 4.8% Surge

Is China’s high-growth era over?

When much of the world experienced a major recession in 2008-2009, China managed to weather the storm and buoy the global economy through massive government spending efforts. In 2022, the country’s economy will grow by only 3%. According to a December survey of 37 economists by Nikkei, growth

Chinese stocks and investors

Global Equities Fall as China’s Economy Slows Further

China’s economy expanded at a 3% annual rate last year, less than half the rate projected for 2021. European stocks fell, while Asian shares were mixed as investors awaited whether the Bank of Japan would change its long-term policy of keeping its key interest rate at -0.11% at

World May See Itself Nearing Reccession in 2023

The World Bank has recently released its latest report, Global Economic Prospects. The report has slashed its global growth forecasts from projections made in mid-2022 due to worsening economic conditions. In total, the global economic growth outlook for the global economy has shrunk to 1.7% for 2023. That

The US Inflation Lays Heavy on Fed

If inflation continues to be stubborn, investors believe that the Federal Reserve may have to raise interest rates higher than they have in the past 20 years. Some Wall Street professionals believe that the

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