Faster-than-expected economic growth in the UK and a resilient jobs market are evidence that the Bank of England isn’t doing enough to bear down on inflation, rate-setter Megan Greene said.
Brian Gu, Xpeng’s vice chairman and co-president, called the EU-China agreement on hybrid imports an encouraging sign. He explained why at the Paris Motor Show. (Source: Bloomberg)
The International Monetary Fund said global growth should pick up next year with a boost from AI investment, but warned the world economy is nearing the limits of its resilience as the energy squeeze persists and financial risks build.
UK Chancellor of the Exchequer John Healey has received a warning from the International Monetary Fund ahead of his budget this month: use cost-of-living support “sparingly” or risk reigniting inflation.
The growth of corporate goods prices in Japan eased again while staying at elevated levels, indicating that inflationary pressure from input costs may have peaked for now and suggesting less urgency for the Bank of Japan to raise interest rates after last month’s hike.
Japan’s producer price index rose 6.8% from a year earlier in September versus the median forecast of +7.6%, Bank of Japan data showed. Haidi Stroud-Watts reports on "The Asia Trade." (Source: Bloomberg)
Japanese Finance Minister Satsuki Katayama is set to become chair of the World Bank and International Monetary Fund’s Development Committee, marking the first time a Japanese official has been appointed to the role.
Singapore’s central bank will likely deliver another incremental round of monetary tightening, to keep a lid on inflation risks from oil and the artificial-intelligence boom.
Jennifer McKeown, global chief economist at Capital Economics, says sustained energy-price increases are feeding directly into consumer prices, with surging diesel and gasoline costs pushing up headline inflation. She also discusses how Central Banks could react and says the global economy has been resilient. (Source: Bloomberg)
A more protectionist US could prove an unexpected tailwind for India’s economy. As countries redraw supply chains around trusted partners and seek preferential market access, New Delhi has ended years of caution and is rapidly expanding its free-trade network.Using a large-scale model of the global economy developed by the World Trade Organization, we estimate these agreements could add about $140 billion to India’s GDP in 2035, opening new markets, cutting import costs, fostering foreign direct
French business uncertainty jumped in September on concerns about fuel prices and a deterioration of the economy, another headwind at a time of bond-market tensions.
Para las empresas mexicanas, el crimen, la reforma judicial y la presión fiscal pesan hoy más que los aranceles de EE.UU., según el presidente del CCE, José Medina Mora.
European Central Bank Governing Council member Christodoulos Patsalides cautioned that there’s only so much officials can do to keep inflation shocks at bay.
