Caixin’s services PMI in China fell in November, the official tide, as the latest wave of pandemics hit demand and shut down service providers. The services PMI slowed to 52.1 points in November from 53.8 points in October, according to Caixin Media and IHS Markit. The result is in line with the formal non-manufacturing PMI, […]
Tag: International financial news
USA: The first hurdle was overcome to avoid the shutdown – The ball in the Senate
The House of Representatives has approved a provisional budget guaranteeing federal funding until mid-February to avoid the risk of shutdowns, which would put millions of civil servants out of work by weekend. However, the bill remains to be approved by the Senate, where some Republicans, including Ted Cruz, Mike Lee and Roger Marshall, are threatening […]
US: Congress approves in extremis interim budget to prevent shutdown
LAST UPDATE: 08:52 The US Congress has adopted an interim budget guaranteeing federal funding until mid-February, thus avoiding the risk of a new shutdown, paralyzing many of its services, which would put millions of civil servants out of technical unemployment by the weekend. With 69 votes in favor and 28 against, the Senate, which has […]
EU: Fifth package of sanctions against Belarus
The EU has adopted the fifth package of sanctions on Belarus, including human rights abuses and the Lukashenko regime. In particular, the Council decided to impose restrictive measures on an additional 17 individuals and 11 entities in view of the situation in Belarus. Today’s ruling targets prominent members of the judiciary, including the Supreme Court […]
Erdogan’s change of Ministry of Foreign Affairs disbands Central Bank’s efforts to save pound
Any possibility that the Turkish Central Bank (TCMB)’s first intervention in the pound in seven years would strengthen the currency has been dampened by Turkish President Recep Tayyip Erdogan’s decision to replace Finance Minister at midnight. The currency fell as much as 2.1 percent on Thursday, erasing all gains from the previous day, after Erdogan […]
US: Initial unemployment benefit applications increased by 28,000 to 222,000
LAST UPDATE: 16.01 Initial U.S. jobless claims rose 28,000 to 222,000 a week through Nov. 27, following a sharp drop last week when new claims fell to a 52-year low. The big ups and downs of the last two weeks, however, are due to the festive season of Thanksgiving. The government’s process of adapting applications […]
DBRS: Omicron mutation poses new challenges for international tourism
LAST UPDATE 15:17 The new challenges posed by the Omicron mutation for international tourism, after the recovery this summer, are highlighted in an analysis by DBRS, where it examines the performance of the tourism and travel industry in the countries of Southeast Europe last summer. According to the house, in a previous analysis, the impact […]
Because Turkey should adopt the euro
Turkey could adopt the euro, which would allow it to resolve the balance of payments crisis, soaring inflation and the fall of the pound, writes Asli Karahan-Ay, head of investments at Lioness Capital. This decision will also be in the interest of the European Union for the stabilization of the country and the re-attachment of […]
Reuters: Turkish central banker calls for halt to interest rate cuts from January
Turkey’s central banker has left open the possibility of interest rate cuts in January, after another one this month, according to Reuters, citing participants in the banker’s investor call with investors. Turkish President Recep Tayyip Erdogan last night appointed Nureddin Nebati as the new finance minister following the departure of Lutfi Elvan. The new minister […]
Eurozone: Unemployment fell to 7.3% in October
The unemployment rate fell to 7.3% in October from 7.4% in September, according to data from the European Union’s statistical office, Eurostat. The figures are in line with economists’ estimates. The number of people registered as unemployed in the eurozone fell by 64,000 in October compared to the previous month, to 12 million. Youth unemployment […]
