News
Major central banks set to hold interest rates steady
1+ hour, 52+ min ago (269+ words) Semafor Major central banks set to hold interest rates steady Major global central banks are set to hold interest rates steady this week, but are expected to diverge on monetary policy once the fallout from the Middle East conflict becomes…...
China locked in deflation "trap" despite Iran war price pressures
4+ day, 56+ min ago (142+ words) Semafor China locked in deflation "trap" despite Iran war price pressures China appears to be stuck in a deflationary trap, with even the pressures sparked by the Iran war failing to boost prices. Beijing has long struggled to drive domestic…...
Impact of rising fuel costs expands in real economy
4+ day, 20+ hour ago (270+ words) European jet fuel prices have roughly doubled, and the world's largest condom maker said it would also raise prices. The downstream impacts of the blockade of the Strait of Hormuz expanded across the global economy European jet fuel prices have…...
Stalled Iran talks spark leave energy markets in the lurch
4+ day, 20+ hour ago (153+ words) President Donald Trump's indefinite ceasefire extension and blockade of the Strait of Hormuz have raised questions about a prolonged disruption. Stalled Iran talks spark leave energy markets in the lurch The prospects for Washington-Tehran peace talks remained murky, amplifying questions…...
Trump's Fed pick vows central bank independence
5+ day, 8+ hour ago (265+ words) Semafor Trump's Fed pick vows central bank independence US President Donald Trump's nominee for the Federal Reserve chair insisted to lawmakers Tuesday that he would uphold the central bank's independence. During his congressional confirmation hearing, Kevin Warsh responded "absolutely not…...
The gap between Main Street and Wall Street is widening
5+ day, 14+ hour ago (290+ words) Semafor The gap between Main Street and Wall Street is widening Main Streeters are sanguine. The money men are sounding alarms. The gloomiest voices at Semafor World Economy in Washington, DC, last week belonged to the financiers. Citadel Securities President…...
Lat Am oil boom could exacerbate inequality
1+ week, 1+ hour ago (1696+ words) High oil prices sparked by the Iran war are accelerating Latin America's oil boom, though the growth risks exacerbating economic inequality across the region, analysts said. Latin America is forecast to make up around 50% of global oil production growth through…...
Capital markets suffer as US seen as "significant source of geopolitical risk
1+ week, 3+ day ago (274+ words) London Stock Exchange Group CEO David Schwimmer said the dollar and the country's capital markets have been losing some of their luster around the world partly because the US is being seen as a "significant source of geopolitical risk." Some…...
Trump renews his threat to fire Jerome Powell
1+ week, 4+ day ago (120+ words) US President Donald Trump said he would fire Federal Reserve Chair Jerome Powell if he doesn't step aside when his term expires next month, a move critics say would undermine the central bank's independence. During his second term, Trump has…...
CEO of real estate giant JLL says geopolitical crises are slowing down big investments
1+ week, 4+ day ago (337+ words) Christian Ulbrich, president and CEO of the commercial real estate giant JLL, said Wednesday that turmoil in the Middle East is slowing down long-term investments in the region and "feeds" into interest rates. "Investing into real estate and taking long-term…...