NYCB’s New CEO Mulls Business Plan
The new CEO of New York Community Bancorp (NYCB), Joseph Otting, said that he is currently working on creating a new business plan for this financial institution.
Finance & Economics - page 43
China’s Exports Exceed Forecasts
In China, export and import figures for January and February exceeded preliminary expectations, which is evidence of the intensification in the sphere of world trade and at the same time a signal of positive prospects for Asian country politicians in the context of their efforts to improve the situation associated with the slowdown in the […]
Jerome Powell Says Fed Needs More Confidence on Inflation to Cut Rates
Federal Reserve Chairman Jerome Powell, during a speech before the House of Representatives commission on Wednesday, March 6, said that the central bank of the United States is not yet ready to start making decisions on lowering interest rates, because, before appropriate measures, it is necessary to make sure that the final victory in the […]
Shares of NYCB Demonstrate Decline
The share price of New York Community Bank (NYCB) last Monday, March 4, showed a drop of 23%.
China Sets Economic Growth Target
The Chinese authorities have set a target for the growth of the country’s economic system for 2024.
BIS Says About Success of Central Banks in Inflation Fight
The Bank for International Settlements (BIS) on Monday, March 4, said that financial regulators in many countries of the world are on the verge of victory in the struggle to resume control over the surge in inflation, which has become excessive and is transforming into a kind of autonomous trend.
China’s Middle-Income Population Reportedly Hits 500 Million Mark
At the end of last week, Chinese state media published information according to which the number of citizens whose income is at a middle level in this country amounted to more than 500 million people.
BOJ Сhief Stops Short of Declaring 2% Price Goal Met
Kazuo Ueda, Governor of the Bank of Japan, said that it is currently too early to conclude that the inflation process in this country is on a trajectory of steady approach to the financial regulator’s target of 2%.
Deutsche Bank Reportedly to File Liquidation Suit Against Chinese Developer Shimao
The media, citing insiders, reported that Deutsche Bank is preparing a liquidation lawsuit against the Chinese developer Shimao Group.
Chinese Authorities to Discuss Economic Growth Goals
The annual legislative meeting will be held in Beijing next week, during which the goal of China’s economic growth and plans to achieve it will be discussed.
France’s Inflation Rate Falls
In February, the inflation rate in France showed a slowdown to a level that is the lowest since September 2021.
Swiss Economy Demonstrates Growth
As the results of last year, the Swiss economic system unexpectedly maintained a positive dynamic, even though the manufacturing sector in this country continues to be a factor of negative impact on the corresponding growth prospects.
Goldman Sachs CEO Says About Uncertainty to Soft-Landing Expectations
Chief Executive Officer of Goldman Sachs Group Inc. David Solomon said that the downward trend in consumer spending in the United States creates reason to doubt that the economic system of this country will be able to avoid the implementation of a negative recession scenario.
Chinese Developer Country Garden Faces Liquidation Petition
The Chinese developer Country Garden, which defaulted on its debts in 2023, announced that it had received a petition for liquidation from the creditor after non-payment of the loan.
Hong Kong Property Stocks Demonstrate Growth
In Hong Kong, an increase in the share price of local developers was recorded after Financial Secretary Paul Chan announced the cancellation of measures to cool property as part of efforts to normalize the state of affairs in the real estate sector, which found itself in a difficult situation amid the impact of negative factors […]
Goldman Sachs Predicts Pharmacy’s Impact on US Economy
Goldman Sachs experts in their research report have suggested that the economic system of the United States will be able to significantly strengthen as a result of Americans taking popular weight loss medications, including Ozempic and Wegovy.
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