Tuesday, July 16, 2019

IMF Downgrades Global Growth Forecasts

The International Monetary Fund slashed its global growth forecasts on and a survey showed increasing negativity among business chiefs as trade tensions and uncertainty...

China Economy Expected to Slow Down over Weak Domestic Demand

China is set to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and...

Trump Calls for More Support for his Wall on Televised Speech

President Donald Trump called on Congress late on Tuesday to hand him $5.7 billion this year to help build a wall on the US border with Mexico but stopped short of declaring a national emergency to pay for the wall using military funds.

Fed to Raise Rates only Once in 2019, Says Fed President...

The Federal Reserve may only need to raise interest rates once in 2019, Atlanta Fed President Raphael Bostic said, focusing on business executives’ nervousness about the economy and a global slowdown as factors that may hold the US central bank back. Read more here!

Trump Offers Steel Border Wall Option

US President Donald Trump pledged on Sunday not to bend in his demand for a wall along the southern border with Mexico but stated...

Congress, Trump Set to Meet over Shutdown and Wall

S President Donald Trump and congressional leaders were set on Friday to meet and discuss ways to break an impasse pitting his demand for building a border wall against Democrats’ call for alternative security measures. Read more here!

ECB Appoints 3 Admins to Italy’s Carige

The European Central Bank designated three temporary administrators on Wednesday to take charge of Italy’s Carige bank in an unforeseen effort to save the floundering lender after it failed to raise new capital. Read more here!

Asia Factory Activity Lackluster on Soft Chinese Demand, PMI

Factory activity weakened across Asia in December as the US-China trade war and a slowdown in Chinese demand hit production in most countries, strengthening the case for a pause in interest rate hikes in the region in 2019. Read more here!

BOJ Policymakers at Odds Over Bond Yields

Bank of Japan policymakers were at logger-heads on the amount which they should allow bond yields to fall, as they fret over a worsening...

Trump Ready for Extended Government Shutdown to Fund Wall

US President Donald Trump on Wednesday said that he is ready to wait for as long as it takes to get $5 billion from taxpayers for his US-Mexico border wall, a demand that has triggered a partial shutdown of the federal government, which is now on its fifth day of shutdown. Read more here!


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