Shanghai Yangpu District Seeks to Expand Its Growing Digital Ecosystem
Shanghai’s northeastern Yangpu district, which has already become a kind of hub for many large technology companies, is seeking to gain smaller-scale firms.
Finance & Economics - page 44
Fed Keeps Interest Rates at 23-Year High
The Federal Reserve on Wednesday, June 12, announced that its benchmark lending rates remain at the current level.
UK Unemployment Hits 2.5-Year High
In the United Kingdom, unemployment unexpectedly rose, reaching its highest level in more than two and a half years.
Japan’s GDP Falls
The Japanese economic system was on a downward trajectory in January-March of the current year, but in this case, the pace of decline turned out to be less than the initial expectations for the dynamic of the corresponding indicator due to an upward revision of data on capital spending and inventories.
U.S. Bank Launches Partnership With Greenlight
U.S. Bank has launched a collaboration with Greenlight, which is aimed at improving the level of financial education.
Credit Suisse Bondholders Sue Switzerland
A group of Credit Suisse bondholders has filed a lawsuit against the Swiss government in an effort to obtain compensation for the controversial decision to write down the debt of an Additional Tier 1 (AT1) financial institution.
China’s Exports Demonstrate Growth
In May, China recorded an increase in exports, which exceeded preliminary expectations.
ECB Cuts Rates
On Thursday, June 6, the European Central Bank decided to cut interest rates for the first time in five years.
ECB’s Inflation Challenge Resembles Similar US Problem
In the eurozone, the inflationary process has still not returned to the territory of acceptable and favorable indicators, which is why there is currently an increase in fears that the European Central Bank, as part of its movement towards easing monetary policy by cutting interest rates, may face the same problems and obstacles that have […]
NYSE and Nasdaq to Get Competition From Texas National Stock Exchange, Backed by BlackRock and Citadel
The Texas Stock Exchange (TXSE) has reportedly secured about $120 million in funding from investors, including BlackRock, the world’s largest asset manager, and Citadel Securities, a market maker.
US Job Openings Fall
The number of job openings in the United States in April showed a decrease, which turned out to be more significant than the preliminary expectations for the dynamic of the corresponding indicator.
China’s Factory Activity Growth Reaches 2-Year High
In China, the level of factory activity was recorded in May, which demonstrated the fastest rising pace in about the last two years.
Mainland China Rolls Out New Crackdown on Macau’s Illegal Money Exchanges
Mainland Chinese officials have called for measures to curb the illegal money exchange business at the casino hub in Macau.
Indian Stocks Demonstrate Record Highs
Indian stock markets on Monday, June 3, reached record highs amid news that experts predict the victory of the current Prime Minister of this South Asian country, Narendra Modi, in national elections.
Fitch Upgrades Ireland’s Credit Rating
Fitch upgraded Ireland’s rating, which was another evidence of the country’s advancement after the European Union provided its financial assistance 14 years ago.
India’s Economy Demonstrates Growth
India’s economy grew by more than 8% in the fiscal year that ended in March.
Finance & Economics
