As we look ahead to the Asian markets on Monday, there are clear signs of fatigue on Wall Street. This could potentially set the tone for how Asian markets will perform. The mixed Chinese inflation data released recently will also play a significant role in shaping market sentiment. The inflation data from China showed some
Economy
OpenAI, the world’s most prominent artificial intelligence company, has announced the return of Sam Altman to its board along with three new directors. This decision comes after an investigation by the law firm WilmerHale into the events surrounding Altman’s November firing. The board has stated unanimously that they back Altman’s leadership, showing their support for
International Monetary Fund Managing Director Kristalina Georgieva is actively seeking a second term to continue leading the global lender. Sources familiar with her plans have indicated that she is likely to secure sufficient support among member countries. This news comes as her current term is set to end on September 30. French Finance Minister Bruno
The recent passing of a spending bill by the Republican-controlled U.S. House of Representatives has sparked controversy and debate among lawmakers. The bill, which funds a broad range of federal programs through the fiscal year, has faced opposition from within the Republican party itself. This article aims to provide a critical analysis of the key
Australia’s economy experienced slow growth in the December quarter as household incomes were squeezed, resulting in a halt in consumer spending. This slowdown has reinforced speculations in the market that the next move in interest rates will be a decrease. Treasurer Jim Chalmers highlighted that high borrowing costs have effectively curbed demand, leading to a
Canadian Prime Minister Justin Trudeau is facing mounting pressure as his polling numbers continue to decline due to rising cost-of-living pressures. Economists have stressed the importance of reining in government spending in order to bring down interest rates quickly and alleviate these economic challenges faced by Canadians. The government’s direct program expenses were expected to
China’s parliament is set to convene and unveil moderate stimulus plans during the annual meeting scheduled to begin on Tuesday. Premier Li Qiang is expected to outline economic targets for the year and present his first work report to the National People’s Congress (NPC). The focus will be on stabilizing the economy amidst a property
Asian share markets have displayed resilience in the face of economic events and uncertainties in recent times, with the Nikkei reaching new highs. Investors are closely monitoring central bank events and major data releases that are expected to influence market sentiment and future policy decisions around interest rates. Federal Reserve Chair Jerome Powell’s upcoming testimony
Argentine President Javier Milei delivered a passionate and confrontational speech to Congress, outlining his plans to overhaul the country’s economic system. In his state-of-the-union address, Milei expressed his determination to drive forward with reforms, regardless of the support of the legislature. This bold and aggressive stance reflects Milei’s commitment to implementing significant changes to address
The latest report from the Federal Reserve has highlighted “notable” vulnerabilities on the financial stability front. The Fed pointed out that the stresses banks faced last spring have diminished, but the risks associated with borrowing levels remain a concern. The report emphasized that declines in the fair values of fixed-rate assets have been significant relative