Eighteen percent of central banks expect to increase their supply of U.S. dollars over the next one to two years as the U.S. Federal Reserve is likely to keep its interest rate higher longer than other nations...
Category: 11 June 2024
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CANADA’S CENTRAL BANK CUTS INTEREST RATE
On 5 June, the Royal Bank of Canada (RBC) became the first central bank among G7 countries to cut its key interest rate during the current inflationary cycle.
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EUROPEAN CENTRAL BANK CUTS INTEREST RATE BY QUARTER POINT
As expected, the European Central Bank (ECB) cut its key interest rate on loans from 4.25 percent to 4 percent last week.
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EUROPE LOSING ITS PLACE IN THE GLOBAL ECONOMY
Europe’s share of the world’s economic output is dwindling, sparking fears on the continent that the region’s economy is no match for China and the U.S.
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GOVERNMENT DEBT SETS RECORD AT $97 TRILLION
Worldwide, governments at all levels now owe a record $97 trillion, the UN Trade and Development Organization reported last week.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
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JOHN DEERE SENDS HUNDREDS OF JOBS TO MEXICO
John Deere, the maker of iconic green lawn tractors and other outdoor machinery, is in the midst of transferring several production lines to Mexico.
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FAST FOOD, FASTER PRICE INCREASES
From 2014 through 2023, prices at a dozen fast-food chains increased between 39 and 100 percent, while inflation over the same 10 years added just 31 percent to costs, according to a new study by financial website FinanceBuzz.
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SALES SLOW DOWN AT CAMPBELL, BATH & BODY WORKS
People ate fewer Goldfish crackers and Pepperidge Farm cookies in this year’s first quarter, dropping revenue 2 percent in Campbell Soup’s snacks division, the company reported.