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[l] at 5/23/22 3:00pm
Since the international monetary system is dominated by the dollar, the US Federal Reserves rate hike is bound to have a spillover effect on other economies and constrain the maneuvering space for their monetary policy to varying degrees. Yet the impact of the Feds rate hike has been declining on China, due to the latters ... The post China can offset effects of Fed’s rate hikes first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 5/23/22 3:00pm
Britains current surge in inflation is not the fault of the Bank of England and the stimulus it provided during the COVID-19 pandemic, Governor Andrew Bailey said on Monday. What I reject is the argument that in our response to Covid the Banks Monetary Policy Committee let demand get out of hand and thus stoked ... The post BoE’s COVID policy not to blame for inflation, Bailey says first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 5/23/22 3:00pm
Workers in Germany are experiencing large cuts in their purchasing power as modest pay rises fail to keep up with record-high inflation, the country’s central bank said in a report on Monday. In its monthly report, the Bundesbank also said upcoming wage negotiations will need to balance an uncertain economic outlook and concerns about job ... The post Germans are suffering large cuts in real pay – Bundesbank report first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 5/23/22 3:00pm
U.S. households reported their highest level of financial well-being since tracking began almost a decade ago and the gains were felt across all racial and ethnic groups, a Federal Reserve report released on Monday showed. The U.S. central banks annual Survey of Household Economics and Decisionmaking also showed workers enjoying the benefits of working from ... The post U.S. households felt financially flush going into 2022, Fed survey shows first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 5/23/22 3:00pm
The gradual return of optimism continues but only if the focus is limited to the very short run. Germany’s most prominent leading indicator, the Ifo index, just increased for the second month in a row to 93.0 in May, from 91.9 in April. The increase was mainly driven by an improved current assessment. The expectations ... The post German Ifo improved in May first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 5/23/22 3:00pm
The U.S. economy continued to expand in March, picking up pace compared with the previous month, according to data from the Federal Reserve Bank of Chicago released Monday. The Chicago Fed National Activity Index rose to 0.47 in April from a revised 0.36 March, broadly in line with the 0.50 consensus forecast from economists polled ... The post U.S. Economic Growth Gained Momentum in April — Chicago Fed first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 5/23/22 3:00pm
With COVID-19 lockdowns normalising home delivery of everything from fast food to aspirin, brewers are tapping into a lucrative new sales format delivering cold beer on demand to consumers still gathering at home with friends even as bars reopen. For Brazilian Rafael Mazaia, it is cheaper to order beers for delivery to his home ... The post Cold beer to your door: brewers in Latin America go direct first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 5/23/22 3:00pm
Indias export duty hikes and tax cuts will likely hurt economic growth and raise the chances of the fiscal deficit widening, but do little to bring down retail prices within the central banks tolerance level, economists and industry officials said. Over the past month, Indias fiscal and monetary policy have U-turned from being growth-focused to ... The post India’s inflation fight will hurt growth, risks wider fiscal gap first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 5/23/22 3:00pm
Chinas stable economic growth is of great significance to global recovery and what happens in China, of course has huge impact on the rest of the world, and vice versa, World Economic Forum (WEF) President, Borge Brende, said in an interview with Xinhua News Agency. The WEF 2022 Annual Meeting will be held in Davos, ... The post China’s stable economic growth is of great significance to global recovery: WEF president first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 5/23/22 3:00pm
European Central Bank rate hikes in July and September are essentially a done deal, French policymaker Francois Villeroy de Galhau said on Monday, just hours after ECB chief Christine Lagarde made the case for the moves. If you look at President Lagarde’s statement this morning, the deal is probably done because there is a growing ... The post ECB rate hikes in July, Sept, likely a done deal: Villeroy first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 5/23/22 3:00pm
Chinas intensified efforts to unleash the power of innovation in driving development are expected to inject fresh impetus into world economic recovery, boost the digital transformation of traditional industries and promote higher-level trade and investment, according to experts and business leaders. The key to globalization lies in invigorating the vitality of the global economy, which ... The post Innovation drive expected to help boost recovery first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 5/23/22 3:00pm
Keng Sreymom, 36, lives with her aunt in one of the floating villages on Tonle Sap, the largest freshwater lake in southeast Asia. For centuries, thousands of Cambodian families have lived and worked here. The country depends on their work which yields 500,000 tons of fish in a typical year and provides more than two-thirds ... The post Why shared principles and collective action are the building blocks of a sustainable, global economy first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 5/23/22 3:00pm
Multiple threats to the global economy topped the worries of the worlds well-heeled at the annual Davos think-fest on Monday, with some flagging the risk of a worldwide recession. Political and business leaders gathering for the World Economic Forum (WEF) meet against a backdrop of inflation at its highest level in a generation in major ... The post Economic storm looming, business and government leaders warn in Davos first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 5/23/22 3:00pm
In a move to raise its economic profile and create another counterbalance to China within Asia, the United States announced on Monday the Indo-Pacific Economic Framework with Asian partners including Australia, Japan and the Republic of Korea. It’s a broad plan designed to help expand the U.S.′ “economic leadership” in the Indo-Pacific region. The group ... The post U.S. announces major Asia economic deal in effort to boost profile, counter China first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 5/23/22 3:00pm
The global job market is at risk of doing a U-turn on its path towards recovering to pre-COVID-19 levels as lockdowns in China and the war in Ukraine weigh on economies, the International Labour Organization (ILO) said in a report on Monday. The U.N. agency estimated that there was the equivalent of 112 million fewer ... The post China lockdowns, war risk derailing global jobs recovery -ILO first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 5/23/22 3:00pm
British chief executives pay is on track to exceed their employees median earnings by more than before the COVID-19 pandemic as profits and executive bonuses rebound, a report from Britains High Pay Centre showed on Monday. The ratio of executive pay to median earnings had fallen sharply during the COVID-19 pandemic, due to lower profit-related ... The post UK CEO pay rebounds, gap widens with workers – report first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 5/23/22 3:00pm
President Joe Biden launches his plan for U.S. economic engagement in Asia on Monday, leaving it to the 13 founding countries to work out how to enforce their agreements and if China could ever join. Biden is unveiling the Indo-Pacific Economic Framework for Prosperity (IPEF) in Tokyo on his first trip in office to Asia. ... The post Biden’s Asian economic talks include 13 countries, and no China first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News]

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[l] at 5/23/22 11:00am
US President Joe Biden said he was weighing cutting tariffs on Chinese goods while increasing calls on OPEC to raise oil production as he grappled with a politically damaging wave of inflation. “I am considering it. We did not impose any of those tariffs. They were imposed by the last administration and they’re under consideration,” ... The post Biden says weighs reducing tariffs on China, asking OPEC to pump more oil first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 5/23/22 11:00am
The European Central Bank is likely to raise its deposit rate out of negative territory by the end of September and could lift it further if it sees inflation stabilising at 2%, ECB President Christine Lagarde said on Monday. Based on the current outlook, we are likely to be in a position to exit negative ... The post ECB likely to get out of negative rates by end-September, Lagarde says first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 5/23/22 7:00am
Southeast Asia is on track to recover from nearly two years in the doldrums, as greater mobility, border reopenings and increased exports are seen supporting economic growth for the rest of the year, analysts said. The regions largest economies-Indonesia, Thailand and Malaysia-all posted higher growth in the first quarter. COVID-19 vaccination programs and easing social ... The post SE Asia seen growing way out of gloom first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 5/23/22 7:00am
Burdened by a resurgence of coronavirus in Shanghai, Beijing and a few other large cities, Chinas economy in April reversed its growth trend and slowed down as stricter pandemic control measures, such as the lockdown in Shanghai, seriously battering economic activities. To upend the downward trend of the economy, the government is taking action. Last ... The post Real estate rejuvenation may lead China’s economy back to normalcy first appeared on Hellenic Shipping News Worldwide.

[Category: World Economy News, Πρώτη σελιδα]

As of 5/23/22 11:05pm. Last new 5/23/22 7:55am.

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