Author: Steven Sahiounie

Against a basket of currencies, the dollar was down 0.11% to 104.44, for a 1.7% decline on a monthly basis

The Conference Board’s consumer confidence index posted a surprise increase this month to 102.0, despite analyst expectations of a decline from April’s 97.5 level US consumers appeared less gloomy about the job market and future business conditions in May, according to a survey released Tuesday. The Conference Board’s consumer confidence index posted a surprise increase this month to 102.0, despite analyst expectations of a decline from April’s 97.5 level. “Confidence improved in May after three consecutive months of decline,” said The Conference Board’s chief economist Dana Peterson. While consumers’ were less optimistic of current business conditions than before, “the strong…

Economists who drink central banks’ inflation-targeting Kool-Aid and view existing arrangements as sacrosanct fail to recognize that the belief that central-bank independence can help control inflation is barely four decades old

LONDON/SINGAPORE  – The Japanese yen drifted to its softest level in four weeks against the dollar on Wednesday on the back of rising U.S. yields, as placid markets encouraged investors to resume carry trades, while the euro weakened after German inflation data.

The latest Chief Economists Outlook from the World Economic Forum presents a growing sense of cautious optimism about the global economy in 2024

Those favouring company employment cite the allure of regular income 50%, the opportunity to learn new skills 38%, and employment stability along with benefits

KUWAIT – The volume of non-oil trade exchange between Kuwait and Pakistan reached USD 590 billion in 2023, Undersecretary of Ministry of Commerce and Industry Ziad Al-Najem said Tuesday.

The main commodity groups exported by Egypt to China in 2023 included mineral fuels, oils, and their distillation products worth $414mln

India’s largest private corporation Reliance Industries and the Russian company Rosneft have signed a one-year contract for monthly supplies of up to three million barrels of oil that will be paid for in rubles, Reuters reported on Tuesday, citing sources familiar with the issue.

US National Security Council spokesperson John Kirby relayed to reporters that the US was not turning a “blind eye” to the murder of Palestinian civilians, a mere day after two US officials told Axios that the Biden administration is still assessing whether the blatant murdering of displaced people in makeshift camps is a violation of Biden’s “red line”. Kirby stated, “The Israelis have said this is a tragic mistake,” referring to the Rafah massacre, which killed over 45 people and injured hundreds after “Israel” bombed tents in the area it called “safe”. Vice President Kamala Harris, speaking at a ceremonial event in Washington, called the…