Colombia’s government unveiled tax increases and spending cuts aimed at narrowing the fiscal deficit, broadening the VAT base and raising levies on some individuals while cutting them for companies.
Euro-area leaders will meet in Brussels Nov. 26-27 to discuss who will take over the top job at the European Central Bank after President Christine Lagarde announced her plans to step down, according to European Council President Antonio Costa.
South Africa’s central bank chief said its models suggest the current policy approach will help bring inflation down to its 3% goal, as the initial shocks triggered by the ongoing conflict in the Middle East fade.
Ontario continues to delay balancing its books as its economic outlook deteriorates, and now projects it won’t reach a surplus until the 2030 fiscal year.
European Central Bank officials are prepared to raise interest rates in December if the inflation outlook doesn’t improve, people familiar with the situation said.
The Ukrainian economy will contract this year for the first time since the start of the full-scale invasion, the central bank said, as Russia escalates airstrikes against civilians and businesses.
Christine Lagarde's early exit as ECB president leaves a vacancy at the top of one of the world's most powerful central banks.
Alex Morgan explains what happens now. (Source: Bloomberg)
India’s Chief Economic Adviser V. Anantha Nageswaran said the nation is at an “inflection point” similar to the one that prompted the country to open its economy to global investors more than three decades ago, the Business Standard reported.
The US economy expanded in the third quarter at the fastest pace in a year, supercharged by feverish business investment and a resilient American consumer. Michael McKee reports on "Bloomberg Surveillance." (Source: Bloomberg)
European Central Bank President Christine Lagarde played down the danger that inflation will spread beyond energy after news that she’ll step down early overshadowed Thursday’s decision to leave interest rates untouched.
The US economy expanded in the third quarter at the fastest pace in a year, supercharged by feverish business investment and a resilient American consumer.
Rodrigo Paz está logrando estabilizar la moneda y recuperar el acceso de Bolivia a los mercados de deuda. El desafío ahora es político: sostener el ajuste mientras la economía se contrae y el costo de vida golpea a los hogares.
Nasdaq futures fall after disappointing earnings from Alphabet and Samsung revive doubts over whether billions of dollars in AI spending will deliver sufficient returns. Treasuries gain for a second day after the Federal Reserve left interest rates unchanged. Marvin Loh of State Street joins "Bloomberg Brief" to discuss the Fed's future rate path. Jason Hsu of Rayliant Global Advisors breaks down tech results. (Source: Bloomberg)
The race to lead the European Central Bank is entering its decisive phase after President Christine Lagarde said she’d depart early, with the Netherlands and Spain heading a field that could yet expand.
