Category: Economy

Falling Yields Prompt Market Speculation Benchmark U.S. Treasury yields faced a significant decline in Asian trade on Thursday, following a statement from the Federal Reserve signaling deeper-than-expected rate cuts in 2024, causing 10-year Treasury yields to plummet 1.4% to 3.976% by 00:46 ET (05:46 GMT). This drop placed the yields below 4% for the first […]

Sudan, Occupied Palestinian Territories, and South Sudan Top IRC’s Emergency Watchlist In a statement, IRC chief David Miliband emphasized the need for greater focus on climate adaption, women’s empowerment, “people-first” banking, support for displaced individuals, and measures to combat impunity. The International Rescue Committee’s (IRC) emergency watchlist ranks Sudan as the highest priority, followed by […]

Starbucks Responds to the Allegations A spokesperson for Starbucks stated that the company evaluates its store portfolio regularly as part of its standard business operations. The spokesperson mentioned that hundreds of new stores were opened last year, but over 100 underperforming locations, including about 3 percent of unionized stores, were closed. The company maintained that […]

Labor Market Growth Exceeds Expectations Data from the Australian Bureau of Statistics reveals a significant expansion in the country’s labor market, surpassing initial forecasts. November saw a remarkable increase of 61,500 employed individuals. This growth trend indicates a sustained demand for skilled workers across various industries. However, alongside the positive news, there were indications of […]

Local News and Events on the Radar for Asian Investors Asian investors have a plethora of local news and events to analyze on Thursday, including central bank policy meetings in the Philippines and Taiwan, Indian wholesale inflation figures, as well as Australian unemployment and New Zealand GDP data. Economists surveyed by Reuters anticipate that the […]

Debt Repayment Challenges and Economic Reforms Argentina faces significant hurdles as it confronts approximately $16 billion in debt payments due next year. With the central bank’s reserves already in the red by over $10 billion, it is unlikely that the country can rely on the market for additional funding. To address these issues, the government […]

Scope and Impact of the New Rules The regulatory reforms broaden the range of transactions that must be cleared, thereby requiring clearing houses to ensure that their members clear cash Treasury trades. This mainly affects big broker-dealers who engage in repo market activities. The basis trade, utilized by macro hedge funds, involves selling futures contracts, […]

EU Justice Commissioner Stresses on the Importance of Complying with European Union Laws The European Commission has issued a warning to Slovakia, stating that it will face consequences if it proceeds with changes to its criminal laws that are deemed to be in violation of European Union laws. EU Justice Commissioner, Didier Reynders, emphasized the […]

Economic Data and Rate Hikes The decision by the Fed aligns with encouraging economic data on inflation, job market conditions, wages, and consumer spending. Fed officials have paused rate hikes since late summer to assess how the economy responds to their previous actions. While not explicitly stated, the decision to pause sends a clear signal […]

A Last-Minute Deal Reached Despite Economic Growth Worries Germany’s government has reached a last-minute agreement on its 2024 budget, which will see Berlin adhere to its self-imposed limits on new debt. The deal comes amid concerns that these limits could hinder growth in Europe’s top economy and its green transition. Chancellor Olaf Scholz’s three-party coalition […]