Jonathan Heath, deputy governor of the Bank of Mexico, questioned the institution’s official outlook and warned that current estimates may be overly optimistic. Heath argued it is unlikely that inflation …
Business
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Business
US stocks open in the green after strong jobs data: Nasdaq climbs around 1%
by adminby adminUS equities moved higher on Wednesday after a stronger-than-expected January jobs report eased concerns about slowing economic momentum and reinforced confidence in the resilience of the labour market. The Dow …
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Business
Landmark trial accusing social media companies of addicting children to their platforms begins
by adminby adminLOS ANGELES — The world’s biggest social media companies face several landmark trials this year that seek to hold them responsible for harms to children who use their platforms. Opening …
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The operator of outdoor apparel brand Eddie Bauer filed for Chapter 11 bankruptcy protection on Monday, becoming another mid-market retailer to fall prey to the adverse impact of shifting consumer …
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Business
Commodity wrap: bullion falls ahead of key data; oil up on supply disruptions fear
by adminby adminGold and silver prices were in the red on Tuesday as investors remained on the edge before the release of a string of key US economic data. Over the past …
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Gold prices reclaimed the $5,000 per ounce mark on Monday as the dollar slipped against a basket of major currencies. Silver prices also surged more than 6% to trade around …
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Business
Brazil inflation seen staying below target ceiling, reinforcing case for March rate cut
by adminby adminInflation in Brazil likely kept a moderate pace in January, remaining below the upper bound of the central bank’s target range for a third month in a row, according to a …
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Business
Inflation double feature: two data prints that could rewrite market rate-cut fantasy
by adminby adminWall Street’s favourite macro assumption that inflation will cool “enough” to let the Federal Reserve cut rates on a predictable timetable faces a real stress test in the coming weeks. …
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The oversupply in the oil market at the beginning of the year is likely to have been sharply lower than previously expected. The International Energy Agency (IEA) has revised its …
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Oil prices, specifically Brent crude, could rise to $70 per barrel if tensions between the US and Iran escalated amid the ongoing talks in Oman, according to experts. Prices maintained …