China auto association flags concern over dealership losses to government
BEIJING (Reuters) – Car dealers incurred combined losses of 138 billion yuan ($19.55 billion) in the first eight months of the year as they were forced to sell new cars…
Fed rate cuts will put money in pockets, but a mood shift may take time
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – Even before the Federal Reserve approved its outsized half-percentage-point interest rate cut last week, financial markets had begun making credit cheaper…
Futures steady with focus on Fed speakers, economic data
(Reuters) – U.S. stock index futures were muted on Monday, as investors awaited comments from a bunch of policymakers and data to gauge the outlook for interest rates and the…
Fed speakers in focus this week following jumbo interest rate cut
Investing.com — Statements from several Federal Reserve officials this week will likely be closely watched as traders attempt to determine what the central bank will do next after it signalled a…
Oil advocates ‘skeptical’ of Harris pivot on fracking, but say her shift shows stance is a ‘winning issue’
Oil and gas industry leaders are skeptical of Vice President Kamala Harris’ stance on critical state issues and are calling for clarity on her positions before Election Day. Harris said…
Finland recovering from recession but debt still growing, finance ministry says
HELSINKI (Reuters) – The Finnish economy is recovering from recession but public debt continues to grow, the Nordic country’s Finance Ministry said on Monday. The ministry cut its 2024 gross…
Euro zone exporters facing persistent competitiveness struggle, ECB says
FRANKFURT (Reuters) – Euro zone exporters will continue to struggle for years to come as high energy cost and poor labour productivity growth will weigh on their competitiveness, a European…
Have we reached a turning point for EM?
Investing.com — Emerging markets have often been seen as highly vulnerable to external shocks and global economic cycles, but as we look ahead, a more nuanced picture is emerging. Recent…
South Africa seeks to reform faltering Black empowerment system
JOHANNESBURG (Reuters) – The head of South Africa’s flagship Black economic empowerment programme plans to introduce additional incentives and potential fines to improve corporate participation and curb exploitation of the…
Factbox-The racial divide in South Africa’s economy
By Nellie Peyton JOHANNESBURG (Reuters) – Thirty years after the end of apartheid, South Africa’s economy remains deeply divided by race, spurring political debate on the extent to which its…