Economy
U.S. budget deficit hits $1.8 trillion in first 10 months of fiscal 2024
Deficit widens as spending outpaces revenue, driven by interest costs and defense allocations. Fiscal year ends Sept. 30.
German firms' U.S. investment falls to three-year low
Outbound direct investment from Germany to the U.S. declined sharply in Q2, driven by economic uncertainty and higher financing costs.
U.S. budget deficit widens beyond forecasts in latest data
Shortfall exceeds projections as spending outpaces revenue, raising fiscal concerns amid economic uncertainty.
Euro zone bond yields fall as U.S. inflation cools in July
German 10-year Bund yield drops to two-week low as softer U.S. CPI data fuels bets on global rate cuts.
Euro zone bond yields dip after softer U.S. inflation data
German 10-year Bund yields fell below 2.5% as cooler-than-expected U.S. CPI reading boosted demand for core euro zone debt.
China’s central bank reaffirms loose monetary policy stance
PBOC signals continued support for growth amid economic headwinds, with no immediate shift in policy direction.
Citi expects Bank of Korea to raise rates amid inflation pressures
Analysts at Citi project a rate hike by the Bank of Korea as consumer prices remain elevated, with risks tilted toward tighter policy.
US CPI data looms as Fed rate decision nears
Consumer prices report may determine whether the Federal Reserve delivers a rate hike next month. Economists expect modest inflation cooling.
Swiss National Bank holds rates steady as inflation cools
The SNB maintained its policy rate at 1.25% on Thursday, citing stable inflation and economic resilience. No further guidance on future moves was provided.
Swiss National Bank holds rates steady after September review
The SNB left its key policy rate unchanged at 1.25% as inflation remains within target range, citing stable economic conditions.
AI unlikely to trigger mass job losses, study finds
Research suggests AI will disrupt but not devastate labor markets, with productivity gains offsetting displacement risks.
India's net direct tax revenue rises 23% to 8.1 trillion rupees
Fiscal receipts exceed expectations as corporate and income tax collections drive growth in the world's fifth-largest economy.
U.S. auto loan debt hits record $1.6 trillion in Q2
Total outstanding auto loans rose to a new high as higher vehicle prices and longer loan terms offset rising interest rates.
Russia's trade surplus falls to $12.46 billion in June
Monthly surplus declines from May as exports and imports adjust under sanctions and global market shifts.
Brazil’s central bank says inflation still driven by demand despite rate hikes
Monetary tightening has yet to fully curb price pressures, central bank survey shows demand remains primary inflation driver.
U.S. 10-year yield hits 2024 high as long bond demand weakens
Benchmark Treasury yield rises above 4.5% as investors reassess demand for long-duration debt amid shifting rate expectations.
U.S. CPI data may fuel dovish Fed expectations
Wednesday's inflation print could shift market bets on Federal Reserve policy, with softer-than-expected data potentially accelerating rate-cut timelines.
German yields rise to Aug. 3 high on energy-driven inflation fears
Benchmark 10-year Bund yields hit their highest level since early August as surging energy prices fuel concerns over persistent inflation in Europe.
Philippines President Marcos Proposes $118 Billion Budget for 2027
Philippine President Ferdinand Marcos Jr. has proposed a national budget of $118 billion for the fiscal year 2027.
ECB Appoints Boris Kisselevsky as Director General Secretariat
The European Central Bank has named Boris Kisselevsky to the position of Director General Secretariat.
U.S. CPI report due Wednesday: Key data points to watch
Consumer prices data for July is set for release on Wednesday, with markets focused on core inflation, shelter costs and wage-price dynamics. Analysts expect a modest slowdown.
Switzerland updates sanctions annexes on Iran
The Swiss Federal Department for Economic Affairs, Education and Research has amended annexes 12 and 14 of the 2025 ordinance governing measures against the Islamic Republic of Iran.
Switzerland updates sanctions regime against Sudan
Swiss Federal Department for Economic Affairs, Education and Research has published an amendment to the annex of the 2005 ordinance governing measures against Sudan.
Switzerland updates Taliban sanctions list under SR 946.231.07
The State Secretariat for Economic Affairs (SECO) issued an amendment to Switzerland’s sanctions list of individuals, companies and organisations linked to the Taliban, as required by the March 21 2025 regulation.
German factories revive, but ECB’s policy dilemma persists
A second month of stronger industrial output in Germany eases manufacturing worries, yet the European Central Bank still faces a tightrope between inflation control and growth support.