By John Hawkins, University of Canberra The 2024 Nobel Prize in Economics has been awarded to three US-based economists who examined the advantages of democracy and the rule of law, and why they are strong in some countries and not others. Daron Acemoglu, Simon Johnson and James A. Robinson.Nobel Prize Outreach Daron Acemoglu is a…
Starbucks (SBUX) stock surprised its investors with preliminary Q4 results and caused a decrease in share prices by over 5% in premarket trading on Wednesday. The coffee colossus announced a 3% year-over-year decrease in revenues to $9.1 billion, and thereby adjusted earnings per share dropped 24% to $0.80. The weakness was apparent in key markets….
By RoboForex Analytical Department The USD/JPY currency pair surged to near three-month highs, hitting 151.79, driven by the strengthening US dollar and rising US government bond yields. The appreciation of the US dollar was supported by favourable macroeconomic data from the US and ongoing demand for safe-haven assets in anticipation of the upcoming US elections….
Central banks and climate change are now closely linked in global financial strategies. As climate change impacts grow, central banks realize the urgent need to act. They recognize that climate change threatens financial stability, global markets, and economies. Sustainable finance has become an essential focus, shaping strategies for a greener, more resilient financial system. European…
At an event today, ECB President Christine Lagarde expressed contentment with the current inflation levels, stating that the central bank is “rather satisfied” as inflation has slowed to below the 2% target. However, she emphasized that the central bank is keeping a close watch on economic growth, as it significantly influences inflationary trends. Lagarde pointed…
By Guy Faulconbridge MOSCOW (Reuters) – The idea of the BRICS group ever challenging the U.S. dollar is for the fairies as long as China and India remain so divided and refuse to cooperate on trade, the former Goldman Sachs economist who came up with the BRIC acronym told Reuters. Russian President Vladimir Putin is…
Bank of Canada’s Overnight Rate Slashed 50 Basis Points to 3.75% October 23, 2024 The overnight interest rate, which had been held at a peak 5.0% from July 2023 until this past June, was cut today by the Bank of Canada’s Governing Council by 50 basis basis points. This doubled the ante of 25 basis…
Platinum markets may just be offering the only sandbox in which your bread-and-butter playbook could be expressed, TDS’ Senior Commodity Strategist Daniel Ghali notes. Source link
The Canadian dollar is in negative territory on Wednesday. In the North American session, USD/CAD is trading at 1.3844 at the time of writing, up 0.20%. The Canadian dollar has posted only three winning days in October and is close to a 10-week low. BoC flexes muscles, cuts rates by 50 bps The Bank of…
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