In a surprise move, Russia’s central bank raised its benchmark interest rate from 4.25 to 4.5 percent, the first...
Archive for category: TRENDS ON THE GLOBAL ECONOMIC FRONT
Japan's central bank has expanded its acceptable range for bond yields from 2 percent on either side of zero...
Calgary-based Canadian Pacific Railway (CP) will buy the Kansas City Southern railroad for $28.9 billion in cash and stock,...
Rogers Communications Inc., with 10.9 million customers for its wireless, cable TV, phone, and Internet services, announced plans to...
Global gasoline demand has peaked and will never return to its 2019 levels, the International Energy Agency (IEA) said...
A worsening worldwide shortage of computer chips is hampering the production of everything from cars to PlayStations, according to...
As we have forecast, the 20th century was the American century – the 21st century will be the Chinese...
In 2010, Japanese carmaker Nissan introduced the Leaf, the world’s first mass-produced fully electric car. A decade later, that...
After its most comprehensive policy review in five years, the Bank of Japan will continue its program of quantitative...
With interest rates edging up in Europe as U.S. yields rise and the American economy readies to rebound, the...
The surge in U.S. economic growth this year, spurred by massive government stimulus spending, will fuel a strong global...
In the spring of 2020, 5.7 million fewer Europeans were working than at the end of 2019, according to...
DISNEY TO CLOSE AT LEAST 60 STORES IN NORTH AMERICA. The entertainment giant will shift more attention to online...
As we have forecast, the 20th century was the American century – the 21st century will be the Chinese...
The Lebanese pound traded at a record-low 10,000 to the U.S. dollar on the country’s black market on 2...
In January, French exports to the U.K. were 13 percent fewer than the previous six months’ average. German exports...
Britain has become the first major nation to announce it will raise taxes after its economy recovers. Corporate taxes...
As the COVID War wanes, money is flooding into Asian stock markets, with young individuals pouring money into markets...
AIRBnB REPORTS 2020 LOSSES. The room-booking company reported losing $3.89 billion in 2020’s fourth quarter, more than ten times the...
HSBC ACCELERATES ITS TURN TOWARD ASIA. HSBC, the world’s seventh-largest bank by assets, according to S&P Global Market Intelligence,...