Finance & Economics - page 9

News

New York Reportedly Tights Financial Scrutiny

The media published information according to which the New York authorities are tightening financial scrutiny ahead of the January return of Donald Trump, who won the United States presidential election last month, to the White House.

News

US Weekly Jobless Claims Demonstrate Decline

Last week in the United States, the number of locals applying for jobless benefits decreased to the lowest level in the current month.

News

Foreign Investments in Israel Demonstrate Growth

In the first half of the current year, there was an increase in investment in Israel, even though the country was at war on several fronts in Gaza and Lebanon, and was experiencing tension in relations with Iran, which in some cases had an armed form of expression.

News

Taiwan Blocks Uber’s $950 Million Foodpanda Deal

Taiwan has blocked Uber Technologies’ purchase of Delivery Hero’s Foodpanda business on the island.

News

Japan’s Budget to Hit Record

The Japanese government is set to compile a record $735 billion budget for the fiscal year from April due to increased social security and debt-servicing costs, adding to the industrial world’s heaviest debt.

News

Big Banks Sue Fed Over Annual Stress Tests

In the United States, a group of banks and business groups are suing the Federal Reserve as part of an annual banking stress test.

News

S&P 500 Rises 1% on Christmas Eve

In the United States, the stock market experienced an upward dynamic on Christmas Eve.

News

Retailer Party City Files for Bankruptcy

Retailer Party City, which has been facing difficulties since the coronavirus pandemic, filed for Chapter 11 bankruptcy protection in the United States last weekend for the second time in two years.

News

Nordstrom to Go Private

Nordstrom, the luxury department store chain, announced on Monday, December 23, that it would become a private company after it agreed to a buyout deal valued at approximately $6.25 billion from Nordstrom’s founding family and Mexican department store El Puerto de Liverpool.

News

Fed’s Beth Hammack Says Economic Strength Argues Against Rate Cut

Federal Reserve Bank of Cleveland President Beth Hammack said this week she voted against cutting interest rates by the United States financial regulator, as the strengthening of the US economy and inflation outlook do not indicate expediency of further easing of monetary policy.

News

China Keeps Benchmark Lending Rates Steady

Last Friday, December 20, the People’s Bank of China decided to keep its main benchmark lending rates at the same level, as the Asian country is currently facing the challenge of bolstering economic growth while backstopping the weakening yuan.

News

Wells Fargo Leaves Climate-Banking Group

Wells Fargo & Co., one of the largest financial institutions in the United States, has announced that it is leaving the world’s largest banking climate alliance.

News

Morgan Stanley Reportedly Predicts Favorable Environment for Lenders in 2025

The media published information according to which Morgan Stanley upgraded its rating and price targets for shares of several credit card companies and lenders.

News

Bank of England Holds Rates

The Bank of England on Thursday, December 19, as part of its last monetary policy meeting this year, decided to keep interest rates at the same level.

News

Indian Startups Raise 6% More This Year, With Funding Rounds Getting Scarcer

In 2024, Indian startups experienced a 32% decline in funding rounds compared to the previous year, although the aggregate funding amount itself grew by 6%.

News

India’s GDP Growth Slumps to 5,4%

Indian economy is experiencing a noticeable decline, with economic growth falling to a seven-quarter low level.

Finance & Economics