Valdis Dombrovskis, Vice-President of the European Commission for the Euro & Social Dialogue, photographed at the Renaissance Harbour View Hotel in Wan Chai. 02DEC17 SCMP/ Xiaomei Chen (Photo by Chen Xiaomei/South China Morning Post via Getty Images) South China Morning Post | South China Morning Post | Getty Images The European Union’s trade chief on … Read more
One of the International Monetary Fund’s top economists signals little risk of a global recession, despite the ongoing rumblings of geopolitical uncertainty. The Washington DC-based institute this week nudged its global growth outlook slightly higher to 3.2% in 2024 and projects the same rate in 2025. “When we do the risk assessment around that baseline, … Read more
Financial Counsellor and Director of the Monetary and Capital Markets Department Tobias Adrian hold the press briefing of the Global Financial Stability Report at the International Monetary Fund during the 2024 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington DC, United States on April 16, 2024. Anadolu | … Read more
The International Monetary Fund is cautioning against overexuberance in markets as investors look for central bankers to pull off a “soft landing” in their years-long inflation battle. In its latest semi-annual Global Financial Stability Report, the IMF noted that markets have turned “quite optimistic” since the October edition, when investors were still recovering from spring … Read more
Hot liquid metal flows from a blast furnace during the smelting process at the Evraz Consolidated West-Siberian Metallurgical Plant in Novokuznetsk, Russia, on July 22, 2020. Bloomberg | Bloomberg | Getty Images Russia’s economy is expected to grow faster than all advanced economies this year, according to the International Monetary Fund. Russia is expected to … Read more
Inflation in the U.K. eased to 3.2% in March, the Office for National Statistics said on Wednesday. That was slightly higher than the forecast from economists polled by Reuters of 3.1%, but was down from 3.4% in February. Food prices provided the biggest downward drag on the headline rate, the ONS said, while motor fuels … Read more
Regional bank earnings may expose critical weaknesses, according to Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corp. Their quarterly numbers begin hitting Wall Street this week. “I’m worried about a handful of them,” Bair told CNBC’s “Fast Money” on Tuesday. “I think some of them are still overly reliant on industry deposits, … Read more
A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport. Justin Sullivan | Getty Images United Airlines on Tuesday reported strong travel demand that drove it to a narrower loss than expected in the first quarter despite a $200 million hit from the temporary grounding of the Boeing 737 Max 9 … Read more
Iranian soldiers take part in an annual military drill in the coast of the Gulf of Oman and near the strategic Strait of Hormuz. Anadolu | Anadolu | Getty Images The containership MSC Aries seized by Iran over the weekend marked at least the sixth vessel hijacked by Iran and its proxies in response to … Read more
Planet Fitness stock slips after naming new CEO Shares of Planet Fitness were nearly 4% lower on Tuesday after the company announced Colleen Keating would assume the CEO role effective June 10. Stock Chart IconStock chart icon Planet Fitness stock. Keating comes to Planet Fitness after serving as chief executive of FirstKey Homes since 2020. … Read more
