Business in the 20-country Eurozone was more brisk in May than it has been in a year, the Hamburg Commercial Bank’s purchasing managers index (PMI) showed.
Tag: Global Economy
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U.S. TREASURY AUCTION RESULT HINTS AT GLOBAL FINANCIAL TROUBLE, WSWS SAYS
Beneath the relative calm of the world’s financial market, there are “signs of turmoil building,” the World Socialist Web Site (WSWS) said last week.
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MORE CENTRAL BANKS ARE STOCKPILING DOLLARS
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...
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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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BIGS GETTING BIGGER
Mergers and acquisitions have totaled $1.3 trillion worldwide so far this year, 23 percent above last year’s mark over the same period, according to data from the London Stock Exchange Group analyzed by the Financial Times.