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In the World, World economy 2nd January 2025

Xi Jinping expects China’s economic activity to exceed $17.8 trillion in 2024

Norbolsa | Economic activity is expected to exceed $17.8 trillion in 2024, said President Xi Jinping in his New Year’s speech, acknowledging the new challenges facing the economy in the face of global uncertainty and the pressure to transform old growth engines into new ones. He added that the government will implement new proactive measures to boost growth through 2025. Indeed, looking ahead to 2025, Xi said the country aims…

World economy

BBVA obtains authorisation from Mexican Competition Commission for Banco Sabadell takeover bid

World economy

OPEC to delay planned 180,000 bpd production hike by three months due to China’s economic slowdown

World economy

Iberdrola launches €460-million green bond issue in Australia – first ever by a Spanish non-financial company

World economy

Europe gets closer to Taiwan to promote semiconductor manufacturing in Europe and reduce dependence on Asia

World economy

US Federal Reserve announces second interest rate cut of year

World economy

Chinese authorities consider injecting capital to tune of $142.39 into large state-owned banks

World economy

Zara Streaming distribution channel – already operating in China – to start in Europe on Wednesday

World economy

Did Powell tame inflation?

World economy 18th September 2024

Fed cuts interest rates by 0.5 points

The Fed has lowered interest rates by 0.5 points, thus aligning with the market, which anticipated a roughly 70% probability of a 50 basis point cut. As a financial institution noted this morning, “the risk for credit markets is that a 50 basis point cut may be interpreted as an emergency measure. Consequently, the gradual approach and soft landing that have benefited this type of asset could be disrupted. On…

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