China’s banking and insurance regulators have given preliminary approval to Goldman Sachs’ proposal to establish a wealth management service...
Tag Archive for: jun 1 2021
TURKEY: ANOTHER DAY, ANOTHER CENTRAL BANKSTER FIRED
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, jun 1 2021, 2Turkey’s President Recep Erdogan has fired Oguzhan Ozbas, one of the deputy governors of the Central Bank of the...
BANK OF CANADA SETS NO TIMELINE FOR DIGITAL CURRENCY
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, jun 1 2021, 2Although the Bank of Canada has said private cryptocurrencies pose a vulnerability for the country’s financial system, “we don’t...
EUROPE’S HOSPITALITY INDUSTRY STARVED FOR WORKERS
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, jun 1 2021, 1As Europe’s restaurants and hotels reopen, customers are returning. Workers not so much. The lack of workers in the...
In a referendum in 1992, the citizens of Switzerland rejected joining the European Union. However, it has negotiated 120...
Milk prices could climb to record levels over the next 12 months as China’s demand for dairy surges, New...
FORD RAISES SPENDING, SALES FORECAST FOR ELECTRIC VEHICLES
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, jun 1 2021, 0Ford Motor Co. will increase its investment in electric vehicle (EV) development from $29 billion by 2025 to $30...
SOARING IRON ORE DEMAND DRAWS WAVE OF NEW INVESTMENT
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, jun 1 2021, 4Spot prices for iron ore, steel’s main ingredient, have zoomed from around $70 a metric ton a year ago...
RENMINBI HITS THREE-YEAR HIGH AGAINST DOLLAR
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, jun 1 2021, 0China’s renminbi currency traded domestically at 6.4052 to the dollar on 25 May, its strongest performance since June 2018. ...
Amazon has agreed to buy the MGM movie studio for $6.5 billion in equity and $1.95 billion in debt,...
LUMBER SHORTAGE CRIMPS APARTMENT CONSTRUCTION
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, jun 1 2021, 0As the price of single-family homes leaves more and more prospective buyers behind, the record price of lumber is...
RENTS FOR SINGLE-FAMILY HOMES REACH 15-YEAR HIGH
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, jun 1 2021, 1Rental rates in March for single-family homes in the U.S. reached their highest since September 2006, when the housing...
INVITATION HOMES TO BUY $1 BILLION WORTH OF HOUSES THIS YEAR
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, jun 1 2021, 6Invitation Homes, a subsidiary of the Blackstone Group asset management firm and now among the largest owner of single-family...
HOUSING SHORTAGE WILL LAST FOR YEARS, GOLDMAN SAYS
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, jun 1 2021, 1The number of U.S. homes for sale is the lowest in almost 50 years, and the imbalance between eager...
Sales of existing homes in April fell 2.7 percent year-over-year, the third consecutive month of decline, the National Association...
FULL EMPLOYMENT AT LEAST A YEAR AWAY, FITCH SAYS
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, jun 1 2021, 2The U.S. economy will not achieve full employment – a key benchmark the U.S. Federal Reserve has said it...
The 0.5-percent gain in consumer spending in April resulted from a 1.1-percent jump in spending on services such as...
MAJOR U.S. BANKS STAYING AWAY FROM CRYPTOS
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, jun 1 2021, 2In 26 May testimony before Congress, the CEOs of three major U.S. banks said their institutions remain at arm’s...
CRYPTOS VS. GOVERNMENT EDGING TO HOT CONFLICT. Cryptos continued to mostly trend down during last week. Bitcoin and Ether...