World Economy News | The Corner.eu

World economy

World economy 3rd July 2025

US Senate approves Trump’s “One Big Beautiful Bill” by 51 votes to 50

Bankinter | The Senate approved, by a narrow margin of 51 to 50, the stimulus package proposed by President Trump, known as “One Big Beautiful Bill”. The approval was only possible thanks to the tie-breaking vote of Vice President JD Vance, after three Republican senators joined the Democratic opposition. Bankinter analysis team’s view: The package, which now goes to a new vote in Congress, provides for extending and making permanent…

World economy 2nd July 2025

China PMIs exceed expectations: 49.7 in manufacturing, 50.5 in non-manufacturing and 50.7 in composite index

Bankinter | China’s PMIs slightly exceeded expectations. Manufacturing PMI: 49.7 versus 49.6 expected; Non-manufacturing PMI: 50.5 versus 49.6 expected; Composite PMI: 50.7 versus 50.4 previously. Bankinter analysis team’s view: These figures point to a positive outlook in the short term, with industrial production growing month-on-month and demand rising for the first time in three months. However, in the medium term, the deterioration in employment and the end of the trade…

World economy 1st July 2025

US and China reveal some details of trade agreement, which will implement Geneva consensus

Link Securities | The financial news website CNBC reported that the United States and China confirmed on Friday the details of the trade agreement reached by both parties earlier this month in London, which will implement the Geneva consensus, according to a statement issued by the Chinese Ministry of Commerce. China will review and approve export applications for products subject to export control regulations, while the United States will cancel…

World economy 1st July 2025

Europe fears Spain’s stance on defence spending could be stumbling block in trade talks with US

Norbolsa | Spain’s lack of commitment to increasing defence spending as agreed with NATO opens up another rift in EU-US relations. Trump threatens to double tariffs on Spain for failing to meet its defence commitments. With trade agreements in place, it seems unlikely that tariffs could be imposed on a member state, but there is a risk that they could impact the country’s most sensitive goods, including oil, wine and…

World economy 30th June 2025

ACS to participate in Chile’s National Data Centre Plan after acquisition of Fleischmann

Norbolsa | ACS has acquired Chilean company Fleischmann, which specialises in engineering and air conditioning and has extensive experience in data centres. The operation strengthens its position to participate in Chile’s National Data Centre Plan, with a planned investment of $2.5 billion over five years. The Group has not disclosed the amount of the transaction, but has emphasised that the completion of the purchase is subject to obtaining the relevant…

World economy 26th June 2025

ACS to build and supervise €4.3 billion One Beverly Hills luxury real estate project in Los Angeles

Link Securities | The Spanish construction company, through its subsidiary Turner, will be responsible for building and supervising the One Beverly Hills real estate project, covering seven hectares in the heart of luxury in Los Angeles County (California, USA), the Expansión portal reported yesterday. Turner is listed as the main contractor for the first phase of a project that began last year and is scheduled for completion in 2027. Designed…

World economy 26th June 2025

Powell affirms Fed committed to keeping inflation under control and will remain on hold

Link Securities | In his speech before the House Financial Services Committee (the lower house of the US Congress), Federal Reserve (Fed) Chair Jerome Powell affirmed the central bank’s commitment to keeping inflation under control, stating that he expects monetary authorities to remain on hold until they have a better understanding of the impact that tariffs will have on prices. Powell described economic growth as solid and the labour market…

World economy 18th June 2025

OPEC+ forecasts supply from producers outside organisation to increase by 730,000 b/d in 2026, compared to 800,000 in previous estimate

Link Securities | According to a report yesterday by Dow Jones, the Organisation of Petroleum Exporting Countries (OPEC) has reduced its estimate for oil supply growth next year for both the US and other competitors, while maintaining its oil demand expectations unchanged as it continues to increase production. OPEC now expects supply from non-OPEC+ producers to increase by 730,000 barrels per day in 2026, compared to 800,000 barrels per day…

World economy 5th June 2025

OECD revises down forecast for global growth in 2025 to 2.9% from 3.1% foreseen previously

Link Securities | According to a new report published by the OECD, its analysts expect global gross domestic product (GDP) growth to slow this year, with projected growth of 2.9% in both 2025 and 2026, down from 3.3% last year. These analysts justified this weaker outlook to rising global uncertainty, driven mainly by changes in US trade policies. In its report, the OECD warns that more trade barriers could further…

World economy 2nd June 2025

US personal consumption price index rises 2.1% in April, core 2.5%

Link Securities | The Commerce Department released on Friday that US personal income rose 0.8% in April from March, significantly more than the 0.4% increase analysts had expected. This increase was mainly due to a 2.8% rise in personal current transfer income. In addition, compensation of employees rose by 0.5 per cent. Rental income was unchanged, while income from personal rents on assets fell by 0.4 per cent. On the…

« 1 2 3 4 5 … 303 »