Thailand’s central bank, despite differing views on certain issues, has expressed readiness to collaborate with the finance ministry under the new government. Prime Minister Paetongtarn Shinawatra, who recently took office, has raised concerns about central bank independence being an hindrance to economic growth. This is in contrast to the previous Prime Minister, Srettha Thavisin, who
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In the recent quarterly reports from major Chinese companies, it is clear that the local market is presenting challenges for stock pickers. Lorraine Tan, director of Asia equity research at Morningstar, highlighted that there has been outperformance in certain companies, but overall, there is weakness reflecting macroeconomic trends. Many companies are providing cautious guidance, indicating
Pavel Durov, the billionaire founder and CEO of the popular messaging app Telegram, was arrested at the Bourget airport outside Paris. Telegram, known for its influence in Russia, Ukraine, and the former Soviet Union, ranks among the top social media platforms globally. Durov’s decision to leave Russia in 2014 after refusing government demands to shut
Evercore ISI analysts have recommended buying Nvidia stock due to the company’s strong demand for systems and chips. Despite worries about delays in the release of the Blackwell system, the investment bank believes that Nvidia is well-positioned to overcome any disruptions. The analysts mentioned that even if Blackwell faces delays, the demand for the current
Pavel Durov, the billionaire founder and CEO of the Telegram messaging app, was recently arrested at the Bourget airport outside Paris. The investigation surrounding his arrest is reportedly focused on a lack of moderators on Telegram, allowing criminal activity to thrive on the messaging platform. Durov, a Russian-born entrepreneur, is the founder and owner of
Prime Minister Keir Starmer is gearing up to deliver a speech to the British public next week, where he will not sugarcoat the reality of the challenges ahead. In a stark warning, Starmer acknowledges that the road to fixing Britain’s deep-seated issues will be long and arduous, cautioning that “things will get worse before we
Brazil’s central bank chief, Roberto Campos Neto, highlighted that recent market volatility may indicate a diminishing space for fiscal and monetary intervention in the future. This observation suggests that the market is adjusting its expectations and pricing in a scenario where policy tools will have limited effectiveness. Campos Neto also pointed out the potential repercussions
In a recent note, analysts at Wells Fargo Investment Institute made a forecast that despite anticipated rate cuts by the Federal Reserve in the coming years, the U.S. dollar is likely to remain strong. This prediction is based on several key factors, including interest rate differentials, global economic conditions, and the performance of the dollar
The Federal Reserve plays a crucial role in influencing the economy’s momentum through its holdings of mortgage bonds. According to a recent academic paper presented at a central bank research conference, the Fed’s use of increases and contractions in its holdings of Treasury and mortgage bonds is a key component of its monetary policy arsenal.
Portillo’s is a well-known fast-casual restaurant chain in the United States, offering a variety of Chicago-style food items. The company has faced some challenges in recent years, with its stock market value at $901 million and activist investors like Engaged Capital stepping in to offer suggestions for improvement. One of the main concerns highlighted by