Economy

China’s manufacturing sector experienced a significant slowdown in August, as indicated by the official factory survey. The purchasing managers’ index (PMI) dropped to a six-month low of 49.1, falling below the 50-mark that separates growth from contraction. This decline for the fourth consecutive month was unexpected, raising concerns about the state of the economy. The
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The Bank of Israel is facing a challenging economic environment characterized by rising price pressures and persistent geopolitical risks. Despite concerns over inflation reaching a 3.2% rate and ongoing conflicts such as the Gaza war, the central bank has maintained its benchmark interest rate at 4.5% for the fifth consecutive decision. Deputy governor Andrew Abir
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Poland’s largest opposition party, the nationalist Law and Justice (PiS), is set to lose millions in state funding after the electoral commission’s ruling. The commission stated that PiS had misused public money for campaigning during the 2023 general election. This decision is expected to have significant implications for the party’s future and political influence in
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The mood across Asian markets is likely to be one of caution on Wednesday for two main reasons. Investors are concerned about the health of the U.S. economy, which could have far-reaching implications for global markets. Additionally, Nvidia’s earnings report later in the day is expected to impact market sentiment. While U.S. and world stocks
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Federal Reserve Chair Jerome Powell’s recent speech at the Jackson Hole Economic Symposium sent ripples through the financial markets with its significant dovish shift in the central bank’s stance on monetary policy. Powell’s remarks indicated a willingness to lower interest rates, aligning with the market’s expectations for a series of rate cuts. This shift highlights
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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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