During the last several weeks, international and Ukrainian economists’ and policymakers’ discussions have been largely focused on a “Marshall Plan” for Ukraine focusing on the technical issues around reconstruction, from conditionalities on anti-corruption to the green agenda. But, as a European friend of mine, close to policymaking circles, noted, “Talking about Ukraine’s reconstruction is important...Read More
Market bets on 50bp hike by Bank of England Fed official: 50bp hike in Sept “reasonable” Oil rebounds from six-month low Lufthansa returns to operating profit Credit Agricole sees profits jump LONDON, Aug 4 (Reuters) – Strong earnings at Credit Agricole and Lufthansa lifted stocks on Thursday as tension over Nancy Pelosi’s visit to Taiwan...Read More
Investors hold cash as optimism dips Optimism for the US economy has dropped for both the long- and short-term outlooks with 39% of survey respondents feeling optimistic about the next 12 months (-19 percentage points vs. the previous survey) and 37% feeling optimistic about the stock market in the next six months (-21 percentage points...Read More
Relations between the US and China were poor even before the visit of the House of Representatives speaker to Taiwan. Now they have the potential to turn very nasty indeed – with significant consequences for the global economy. At the moment, things look containable. Financial markets have responded relatively calmly to Nancy Pelosi’s visit and...Read More
The 28 people moving the world toward a more equitable, sustainable future. From New EconomyProfiles by Laura BoltIllustrations by Yukiko Noritake August 3, 2022, 5:00 AM UTC Some founders possess the capacity and drive to do exceptional things. Bloomberg New Economy’s 2022 class of Catalysts is a remarkable group of 28 people who are creating...Read More
The Egyptian pound was trading between 19.01-19.07 pounds to the U.S. dollar on Tuesday afternoon, Refinitiv data showed. Earlier this year, Egypt allowed its currency to depreciate from 15.7 pounds to the dollar, the rate at which it had traded since November 2020. (Reporting by Nayera Abdallah; Editing by Frank Jack Daniel) Read more…Read More
UnlockThis article is free to access. Why? MR. LYNCH: Hello, and welcome to Washington Post Live. I’m David J. Lynch, Global Economics Correspondent here at The Post. And today, I’m joined by Loretta Mester, president and CEO of the Federal Reserve Bank of Cleveland, for a discussion about inflation and the state of the U.S....Read More
It wasn’t just US observers who were surprised and intrigued last week when West Virginia senator Joe Manchin remembered his hitherto largely nominal party affiliation and cut a constructive deal with the Democratic Senate leadership on climate and clean energy policy. Viewed from abroad, the agreement is also notable for proposing one of the first...Read More
MANILA, Aug 2 (Reuters) – The Philippine central bank will continue supporting the economy’s recovery despite a planned 25 or 50 basis point rate hike this month, its governor said on Tuesday. Current policy rates remain accommodative, Bangko Sentral ng Pilipinas Governor Felipe Medalla told a business forum. Policymakers will meet on August 18 to...Read More
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