Economy
Zambian President Hichilema Aims to Leverage Debt Recovery for Growth
Zambian President Hakainde Hichilema is pursuing strategies to convert national debt recovery efforts into broader economic expansion.
Citadel Securities: Fed policy keeps Treasury yields elevated
Fed’s hawkish stance cited as primary driver of elevated U.S. Treasury yields, per Citadel Securities analysis.
Brazil’s central bank chief warns demand outpaces supply
Central bank governor signals inflationary pressures as domestic demand exceeds productive capacity.
Australia consumer sentiment improves in August as rates held
Westpac index rises for second straight month as Reserve Bank pauses rate hikes; outlook remains cautious despite uptick.
Switzerland updates Russia sanctions under revised Swiss ordinance
Revised measures expand restrictions on trade and financial flows tied to Russia, aligning with recent international policy shifts. Changes apply to Annex 2 and 14a of the 2022 ordinance.
UK wage growth slows to 3.5% in Q2, payroll data shows
Average weekly earnings rose 3.5% year-on-year in June, down from 3.6% in May, as labor market tightness eases slightly.
U.S. Treasury yields steady ahead of Fed minutes release
Benchmark 10-year note yield holds near recent levels as market awaits Federal Reserve policy meeting minutes for further rate guidance.
Brazil's fiscal reforms face 'painful final mile', says minister
Brazil's economy chief warns of difficult negotiations ahead as fiscal reforms near completion, citing resistance to spending cuts and tax adjustments.
U.S. home builder sentiment edges up in August
NAHB index rises to 44 in August from 43 in July, signaling modest improvement in housing market confidence.
Singapore exports jump 40.6% in July on electronics rebound
Electronics shipments drive Singapore’s non-oil domestic exports to the fastest growth in over a year, defying regional trade headwinds.
Australia consumer sentiment rises in August, Westpac survey shows
Index climbs from July but remains below pre-pandemic levels amid persistent economic concerns.
China’s premier urges support for external demand amid growth slowdown
Premier Li Qiang highlights risks to export-driven sectors as China's growth momentum weakens, calling for measures to stabilize foreign trade.
Japan’s 10-year government bond yield hits 30-year high
Benchmark yield climbs to 0.955%, highest since 1994, as investors reassess policy outlook amid persistent inflation.
Canada's inflation accelerates to 3% on gasoline costs
Annual inflation rate rises above Bank of Canada's 2% target, driven by fuel prices. Core measure also climbs, signaling persistent price pressures.
Brazil's Q2 GDP growth slows to 0.6%, central bank index shows
Modest expansion follows 1.4% growth in Q1 as Brazil's economy shows signs of cooling. Central bank data highlights mixed sectoral performance.
Swiss Regulator’s TBTF Push Raises Questions After Credit Suisse Collapse
Finma’s role in Credit Suisse’s downfall prompts scrutiny over its expanded powers under TBTF reforms. Critics question why the regulator didn’t act sooner.
Central bankers’ words carry weight as policy tool, experts say
Verbal communication shapes market expectations as much as rate moves or FX interventions, with past remarks triggering sharp reactions. Four historical examples highlight the power of central bank rhetoric.
Swiss National Bank names Ulrich Bindseil to lead Gerzensee center
Martin Brown steps down as director of the SNB's Gerzensee study center after five years, with Ulrich Bindseil set to take over in January 2027.
China’s economy slows further in July, data show
Factory activity declines and retail sales growth cools, underscoring persistent weakness in the world’s second-largest economy.
July U.S. retail sales miss signals caution, not crisis
Weak July retail data may reflect seasonal factors rather than a broader demand slowdown, analysts say.
Nigeria’s inflation slows to 15.43% in July, first decline in 10 months
Consumer prices rose at the slowest pace since October 2023, driven by moderating food costs and base effects. Analysts cite mixed signals on policy impact.
Empire State Manufacturing Index jumps to 21.9 in September
New York Fed survey shows factory activity expansion, beating forecasts as orders and shipments rebound sharply.
Indian bond yields rise after RBI shortens swap deadline
Yields on Indian government bonds climbed after the Reserve Bank of India reduced the deadline for its government securities acquisition program swap.
Martin Brown named Czech National Bank's chief economist
Appointment of Martin Brown as CNB's chief economist effective October 1, succeeding outgoing chief economist. Transition marks shift in central bank's economic leadership.
Foreign holdings of U.S. Treasuries decline in June, led by Japan, UK, China
Japan, the UK and China reduced their U.S. government debt holdings by a combined $78 billion in June, the largest monthly drop since 2021.