BERLIN—German industrial orders fell more than expected in August on weaker demand from abroad following two months of unusually strong gains due to major contracts, data showed on Wednesday. The figures published by the Federal Statistics Office showed orders for goods ‘Made in Germany’ were down by 7.7 percent on the month in seasonally adjusted…
Bulgaria Sees Economic Growth, Inflation Picking Up This Year
SOFIA—Bulgaria’s economy is expected to rebound with growth of 4 percent this year and accelerating to 4.9 percent in 2022, the finance ministry said in its autumn macroeconomic forecast on Wednesday. The small and open economy contracted by 4.2 percent in 2020 when the COVID-19 pandemic hit jobs and businesses. The ministry said strong domestic…
Stablecoins to Face Same Safeguards as Traditional Payments
LONDON—Stablecoins would have to comply with the same safeguards as their more traditional competitors in payments under proposals from regulators on Wednesday as authorities get to grips with a rapidly evolving sector. Stablecoins are cryptocurrencies designed to have a stable value relative to traditional currencies, or to a commodity such as gold, to avoid the…
SEC Chief Says the US Won’t Follow China in Banning Cryptocurrencies
October 6, 2021
admin
Business & EconomyChinaChina Business & Economycryptocurrenciesdigital currencyEconomieseconomyFederal ReserveFinance & Business TiesInvestmentSpecial TopicstradingUSUS News
0 Comment
Securities and Exchange Commission (SEC) Chair Gary Gensler told Congress on Tuesday that his agency would not follow China’s lead in implementing a ban on cryptocurrencies. Speaking before the United States House of Representatives Committee on Financial Services, Gensler was asked by Rep. Ted Budd (R-N.C.), a supporter of cryptocurrencies, whether the SEC would move to prohibit the…
Households Brace for Higher Winter Heating Costs as Natural Gas Prices Vault
October 6, 2021
admin
Business & EconomycostEconomieseconomygas pricesInternationalMarket WatchMarketsUSUS NewsWinterWorld
0 Comment
The relentless rise in natural gas prices continued on Wednesday, highlighting the looming threat to American households bracing for higher heating costs in the event of a harsh winter. U.S. natural gas futures were up 1.11 percent at $6.382 per million British thermal units (mmBtu) in early trading on Oct. 6 after jumping around 9 percent…
Ireland Says Final Global Tax Text Due on Wednesday, Hopes to Sign Up
DUBLIN—A final text of a global corporate tax overhaul is due to be circulated to negotiating countries later on Wednesday, Ireland’s foreign minister said, adding that the Irish government hoped to sign up. “I am hopeful Ireland can be part of supporting this new measure but we have to wait for the final text which…
Futures Slide 1 Percent Over Inflation Concerns
October 6, 2021
admin
Business & EconomyCompaniesconcernsEconomieseconomyfuturesinflationInvestmentMarketsMedia & Big TechUSUS News
0 Comment
U.S. stock index futures fell about 1 percent in early New York hours on Wednesday as soaring oil prices fed into fears of higher inflation, while a stalemate continued in the U.S. Congress over the government debt ceiling. Asian and European stocks fell earlier in the day as oil hit a multi-year high above $83…
Tesco Defies Supply Chain Challenges to Lift Profit Forecast
LONDON—Tesco, Britain’s biggest retailer, raised its full-year earnings forecast on Wednesday after the unmatched scale of its store and online operations helped it outperform rivals in the first half and deliver a better-than-expected 16.6 percent increase in profit. British retailers are battling supply chain disruptions and labor shortages. Supermarkets also face tough comparisons against record…
European Stocks Skid on Inflation Angst as Oil Jumps
Technology, travel and retail shares fuelled declines in European stocks on Wednesday as soaring oil and gas prices intensified concerns about higher inflation denting economic growth. After a late-session rally on Tuesday, the pan-European STOXX 600 index fell 1.7 percent, with travel & leisure and tech stocks tumbling more than 2 percent. Banks slipped 0.6…
Dollar Edges Up as Energy Surge Drives Inflation Worries
October 6, 2021
admin
Asia & PacificAustraliaBusiness & EconomyCanadaChinaChina Business & EconomyDollarEconomieseconomyenergyEuropeinflationInternationalInvestmentMarketsUKUSUS NewsWorld
0 Comment
LONDON—The dollar rose on Wednesday amid nervousness that surging energy prices could spur inflation and interest rate hikes, and as traders awaited U.S. jobs data for clues on the timing of Federal Reserve policy tightening. The Reserve Bank of New Zealand lifted its official cash rate for the first time in seven years, but its…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta