Russia and China strengthen their economic ties
Trade between Russia and China reached a record $240 billion in 2023. Russia’s eastern neighbour has become the supplier of everything from clothing to machinery...
Egypt devalues its currency by over 30%
Egypt has devalued its currency, allowing it to weaken by about 35%. The pound plunged to 48.18 to the dollar in Cairo, down from around...
NYCB, the Fall of a Regional Bank
The lender known for catering to the needs of New York homeowners is in significant trouble. Last week, NYCB revealed major weaknesses in its ability...
China at a Turning Point
China has set its annual growth target at around 5%, an ambitious goal that will pressure its leaders for ambitious stimulus plans as they seek...
Toward a Real Estate Crash in Germany?
Fears about US commercial real estate have shaken German banks this month, but their message was clear: Don’t worry; most of our real estate exposure...
OPEC+ extends oil supply cuts
OPEC+ has extended its oil supply cuts until mid-year to avoid a global surplus and support prices. The restrictions, totalling around 2 million barrels per...
The Fed will take a pragmatic and data-dependent approach
Rates rose in 2022 and 2023 at the fastest pace in four decades as the central bank sought to contain inflation. Today, as price pressures...
Money market funds, the star of the year
Investors have added $128 billion to US money market funds since the beginning of the year, according to the Investment Company Institute. Corporations had a...
And if the Fed doesn’t cut rates
The only question on investors’ minds today is how soon the Fed will begin cutting interest rates and by how much.After a strong jobs report,...