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Chinese stocks tumble into bear market, with Shanghai index on pace for worst year since 2011

Chinese stocks tumble into bear market, with Shanghai index on pace for worst year since 2011

by EFSD | Jun 30, 2018 | Economic News

A relentless six-week selling streak has sent the Shanghai composite down 13.9 percent so far this year to its lowest since 2016 and into a bear market. Escalation in trade tensions with the U.S. spurred the latest sell-off, analysts said. But they also point to the...
Bank’s red light warning for EU on lack of Brexit progress

Bank’s red light warning for EU on lack of Brexit progress

by EFSD | Jun 28, 2018 | Economic News

The Bank of England says the UK has made positive “progress” on handling financial services risks around the UK’s departure from the European Union. But it also says there has been a lack of similar action from the EU. It says that means...
Consumer confidence falls in June despite expectations for gains

Consumer confidence falls in June despite expectations for gains

by EFSD | Jun 27, 2018 | Economic News

Consumer confidence fell to 126.4 in June. Although sentiment toward current business conditions was unchanged, the long-term outlook was not optimistic. Consumer confidence fell well below economists’ expectations in June, fueled by a bleak outlook for U.S....
Increased threat of a trade war is ramping up fears of a ‘full-blown recession’

Increased threat of a trade war is ramping up fears of a ‘full-blown recession’

by EFSD | Jun 25, 2018 | Economic News

Some economists worry that the escalation of trade tensions could tip the U.S. economy into recession. A pullback would come just as GDP appears set to pull out of its post-financial crisis malaise, with the Federal Reserve projecting growth of 2.8 percent this year....
This is how major corporations are actually spending their tax cuts

This is how major corporations are actually spending their tax cuts

by EFSD | Jun 23, 2018 | Economic News

CFOs say they have put their tax cut savings to work in a variety of ways, from debt reduction to employee rewards and stock buybacks, according to the latest CNBC quarterly survey. Paying down corporate debt was the No. 1 use for tax cut savings, tied with one-time...
« Older Entries

Brent crude tops $40 after Biden’s win lifts risk-takers

Environmental protection must be at core of socio-economic development targets: experts

Malaysia’s upcoming budget could test support for its embattled prime minister

Fed wants low profile but may repeat that the economy needs stimulus

The growing U.S. deficit raises questions about funding as China cuts U.S. debt holdings

Oil prices slip 3% as Europe widens lockdowns

Government support ‘essential’ for UK economy, says IMF

Dollar firm as virus’ spread and stimulus stalemate raise caution

IMF says Asia’s economy will shrink more in 2020 than it previously thought

China’s electric car strategy is starting to go global – and the U.S. is lagging behind

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