An official survey of manufacturing activity fell to 50.1 in August from 50.4 in July. That was just above the 50-point mark indicating expansion rather than contraction, but still the slowest rate of growth since the start of the pandemic. Service industries, which now account for a larger slice of the world’s second biggest economy,...Read More

Building consents had a relatively muted impact on the Kiwi Dollar this morning. In July, consents rose by 2.10% month-on-month, following a 4.0% increase from June. The ANZ Business Confidence Index fell from -3.8 to -14.2 in August. In spite of the decline, the Kiwi held on to early gains. The Kiwi Dollar moved from...Read More

by: via Nexstar Media Wire, The Associated Press Posted: Aug 30, 2021 / 11:35 AM EDT / Updated: Aug 30, 2021 / 11:35 AM EDT A collapsed historical building is seen on S. Rampart St. in New Orleans, La., early Monday, Aug. 30, 2021. (Max Becherer/The Advocate via AP) WASHINGTON (AP) — Hurricane Ida is sure to...Read More

Confidence in the eurozone economy slipped for the first time this year, suggesting that supply disruptions and the resurgent pandemic risk damping the recovery. entiment eased in services, industry and among consumers, with a European Commission gauge falling to 117.5 in August from an all-time high the previous month. At the same time, an increase...Read More

Once again, vulnerable moderate House Democrats caved to Speaker Pelosi’s demands by forcing approval of the groundwork to fundamentally change the United States for the worse. Passed with zero bipartisan support, this massive $3.5 trillion spending bill, written by Senator Bernie Sanders, is a Trojan horse for massive government mandates, raids the wallets of working...Read More

Federal Reserve Chairman Powell’s long-anticipated speech at Jackson Hole provided fireworks but not quite what the market had expected.  Confirmation of tapering was supposed to lift US rates and the dollar. Instead, the opposite took place, and there was a logic to it, which we drew your attention to by raising the possibility of a “dovish...Read More

Coronavirus economic impact updates Sign up to myFT Daily Digest to be the first to know about Coronavirus economic impact news. The pandemic devastated rich countries’ economies. But there are signs that a productivity boom could be emerging from the wasteland.  Economists at The Conference Board, a US think-tank, suggest this is the case. Ataman...Read More

Investment Minister, Khalid Abdulaziz Al Falih, speaks during the fourth annual Future Investment Initiative in Riyadh, Saudi Arabia, January 27, 2021. REUTERS/Ahmed Yosri DUBAI, Aug 29 (Reuters) – Saudi Arabia’s Investment Minister Khalid al-Falih was visiting Oman on Sunday to discuss opportunities in both Gulf countries, Saudi state news agency SPA said. The visit follows...Read More

(AP) — A strengthening Hurricane Ida, bearing high winds and the likelihood of flooding rain as it heads for the Louisiana coast, could damage the energy-heavy Gulf Coast economy and potentially have economic consequences well beyond the region. The Gulf is not only a major base for oil and natural gas companies but also a vital...Read More

The Argentine market closed a good week, with positive numbers in bonds and Actions. A true rally, as they say in the jargon of the market. The dollarFor its part, it remained practically unchanged and brought calm to the Government. 15 days from PASO, the market is optimistic and various internal and external factors underpinned...Read More