Rising interest rates, rather than inflation, are now a major concern for the US economy, as the bond market indicates that rates may stay high for an extended period of time, potentially posing significant challenges for the sustainability of government debt.
The bond yield curve, a reliable predictor of economic downturns, is warning of serious trouble ahead, as it has accurately predicted the last six recessions since 1978. The inverted yield curve, which is currently being observed, indicates investor panic and adds to the sense of a looming recession.
Canada is being criticized for harboring individuals with strong links to pan-Khalistani extremist activities, according to India's intelligence dossier.
Public sector oil marketing companies (OMCs) have increased the price of 19 KG commercial LPG gas cylinders by Rs 209, leading to demands from anxious shopkeepers for the government to control inflation.
London is poised to regain its position as Europe's largest equity market from Paris, thanks to a rally in British stocks and a gloomy outlook for the French luxury sector amid China's economic slowdown.
China's economy is on the brink of a potential "apocalyptic" collapse that could have disastrous effects on global stock markets, as the country's economic indicators continue to plummet and financial experts warn of an imminent crash.
Policymakers from Washington to Frankfurt are cautiously optimistic about their progress in fighting inflation as recent data suggests a slowdown in price growth.
BRICS, now an 11-member alliance, plans to challenge the dominance of the US dollar by 2030 through the use of oil, gold, and local currencies for global transactions.
An obsession with controlling the rupee-dollar exchange rate in Pakistan has led to ineffective administrative measures and failed attempts at stabilization, as the country's heavy dependence on imports and mounting external debt hinder economic restructuring and contribute to the rupee's depreciation. The need for a long-term plan focused on increasing exports, investment, and macroeconomic stability is emphasized.
South Korea's exports in September showed a milder decline than expected, indicating a hopeful sign for the global economy as the country experienced the mildest drop in a yearlong downturn.
Australia's national house prices have rebounded to peak levels after a rapid decline, with factors such as tight rental markets and a housing shortage driving the growth, according to new data from PropTrack's Home Price Index report. The increase in buyer and seller confidence, along with a rise in choice in major capitals, has contributed to the recovery, with Sydney leading the way in price growth.
Canada remains a preferred destination for Indian students due to its affordability and uninterrupted academic pursuits, with no adverse effects reported for those already studying there; prospective students can proceed with their plans as long as the situation remains stable and monitor the situation closely.
China's factory and services sectors experienced slower growth in September due to weak external demand, despite an increase in output, with the property slump, falling exports, and high youth unemployment clouding the economic outlook.
China's financial system and economy are facing significant risks, resembling a "Minsky moment," as it doubles down on excessive debt, invests in nonproductive enterprises, experiences weak economic growth, and faces internal unrest and military aggression, which could have global implications.
Traders in Pakistan report a decline in gold buying due to consumers' limited purchasing power and increasing gold theft, as the issuance of daily gold rates by the All Pakistan Gem and Jewellers Association (APGJA) remains suspended for the 18th consecutive day.
The Australian share market and broader economy are facing multiple threats, including rising interest rates, cracks in China's property sector, diminishing demand for construction materials, rising oil prices, and global fallout from the US political divide over debt levels, which could potentially result in substantial damage. There are concerns over a potential recession in the US, Australia, and the UK, with investors on edge due to recent volatility in equity markets and the inversion of the yield curve. Uncertainty and mixed signals in the market are leaving investors unsure about the future direction.
The depreciation of the Malaysian Ringgit against the Singapore Dollar is causing a shortage of skilled workers in Johor, as Malaysians are enticed by higher salaries in Singapore and the proximity of the border makes commuting feasible.
Fuel prices in Australia are rising, which could contribute to an increase in quarterly inflation, leading to concerns about the future of oil and the reliance on fossil fuels as efforts to reduce carbon emissions continue.
The recent selloff in bond markets has led to higher yields and the breaking of key levels, indicating a potentially new normal of higher interest rates with implications for mortgages, loans, credit cards, and the global economy as a whole.
The US consumer is showing signs of strain due to rising gas prices, high credit card delinquency rates, and the impending restart of student loan payments, leading to concerns about weaker consumer spending and potential credit trouble for heavily indebted companies.
The inflationary environment in Pakistan is causing significant challenges for small businesses, particularly those run by women entrepreneurs, forcing them to raise prices or take out loans to manage expenses and protect profit margins, resulting in declining sales and financial hardship.
US Treasury Secretary Janet Yellen warns that a government shutdown could lead to a recession, with immediate harm and long-term repercussions for the economy.
The tax cuts introduced under Trump's Tax Cuts and Jobs Act, including the opportunity zones program, are set to expire in 2026, with studies suggesting limited impact on poverty, earnings, and employment in low-income communities.
The Panama Canal will reduce daily ship crossings to 31 from 32 due to a severe drought that is expected to last until next year, leading to concerns about disruptions to maritime trade.
China's factory activity experienced its first expansion in six months in September, signaling a gradual improvement in the country's economy, although challenges remain such as the property crisis and uneven economic rebound.
The US economy is performing better than expected in the midst of pressure from the BRICS alliance, with Bank of America CEO Brian Moynihan predicting a soft landing but cautioning that inflation remains a top concern.
China's lottery ticket sales surged in August, reaching a record high for the year, potentially indicating growing economic concerns among young people.
ANZ has lowered its GDP growth projection for the Philippines to five percent for this year, citing weaker-than-anticipated economic performance and subdued prospects.
The article discusses the uncertain state of the U.S. economy and suggests that regardless of the outcome, investors can have confidence in the construction sector and highlights four stocks that are expected to thrive even in a recession.
China's lottery ticket sales reached a record high in August, with $7.25 billion spent, as concerns about the economy and rising youth unemployment continue to grow.
India has the opportunity to exert influence over China by providing small loans to heavily indebted countries, which would give India a seat at the negotiating table and enable them to demand debt reductions from China.
Luxury items experienced a price crash during the pandemic, highlighting the importance of understanding how to manage wealth and make smart financial decisions, according to entrepreneur and money expert Jaspreet Singh.
A potential government shutdown in the United States could lead to furloughs, paused paychecks, and a significant economic impact, potentially costing upwards of $1 billion a week, while the stock market and interest rates may not be heavily affected.
The Indian External Affairs Minister, Subrahmanyam Jaishankar, has criticized Canada for allowing violence, threats, and intimidation against Indian diplomats and missions, questioning whether the world would tolerate such behavior if it happened to any other country.
The US national debt is at $33 trillion, but the country doesn't necessarily need to pay it off, as they can issue new bonds and borrow to pay interest as long as the debt does not rise too much faster than revenue.
The increase in domestic natural gas prices is expected to impact consumers as gas distribution companies are likely to raise prices of CNG and PNG.
Italy plans to raise at least 1% of GDP, or roughly 21 billion euros, through asset sales between 2024 and 2026 in an effort to reduce its debt burden and keep its public finances in check.
Italy plans to raise approximately €21 billion ($22.2 billion) through asset sales between 2024 and 2026 in order to reduce its debt-to-GDP ratio and address its public finances.
Experts are divided on the future of US home prices, with some predicting a surge and others expecting a decline, as homeowners are reluctant to sell their homes with cheap mortgages and buyers are hesitant to overpay. Jeremy Grantham believes prices will come down by 30%, while Barbara Corcoran predicts a surge of 15% to 20% once interest rates decrease. David Rosenberg forecasts a recession and a potential 25% plunge in house prices, while Glenn Kelman believes the housing market has hit rock bottom. Vincent Deluard expects prices to drop when homeowners eventually sell.
The soft landing scenario for the US economy is in doubt due to five economic shocks, including a potential government shutdown, rising oil prices, a strike by the United Auto Workers, the resumption of student loan payments, and high mortgage rates nearing 8%.
External Affairs Minister S Jaishankar criticized Canada for violence, threats, and intimidation against Indian diplomats and missions, asserting that such actions should not be normalized and questioning if the world would react similarly if it happened to another country.
Cyprus celebrates its return to investment-grade status after a two-notch upgrade by Moody's, attributing the achievement to fiscal discipline and economic reforms that will attract foreign investment and create jobs.
Mortgage approvals for house purchases have reached a six-month low in August, signaling a decline in lending and making it harder for buyers to secure homes due to rising interest rates; however, there is still hope that the market can recover if the Bank of England stops increasing interest rates and both buyers and vendors become more realistic.
The price of domestic natural gas in India has been increased from $8.60/mmBtu to $9.20/mmBtu for the month of October, which may result in increased prices of CNG and PNG for consumers.
Countries around the world are facing shortages of essential foods due to export restrictions, climate change, and geopolitical conflicts, leading to skyrocketing prices and making it difficult for people to afford meals.
Speculation that the Bank of Japan may abandon its negative rate policy raises concerns for Japanese homebuyers who rely on floating-interest mortgages.
India's core sector recorded robust growth in August, with a growth rate of 12.1%, driven by sectors such as cement, coal, electricity, steel, and natural gas, indicating a strong recovery and revival of essential infrastructure sectors.
Canada's accusations of assassination by Indian intelligence agents have resulted in a slowdown of lentil imports from Canada to India, impacting domestic pulse prices and potentially leading to further trade restrictions on Indian food exports to Canada, including agricultural fertilizers.
Despite the potential federal government shutdown, S&P Global Ratings analysts state that municipal bonds will not be affected.
The White House is attempting to place blame for a potential government shutdown on House Republicans who have failed to pass a funding package and are refusing to honor a bipartisan spending agreement, while President Biden faces low poll numbers and economic concerns as he seeks re-election.