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Foreign Investors Pour Billions into Emerging Markets as Fed Rate Cuts Loom

Business

16 Sep, 2024

Foreign Investors Pour Billions into Emerging Markets as Fed Rate Cuts Loom


Foreign investors injected a net $30.9 billion into emerging market stocks and debt portfolios in August, driven by anticipation of...

Hungary's Inflation Slows to Three-Year Low, Fueling Rate Cut Hopes

World

11 Sep, 2024

Hungary's Inflation Slows to Three-Year Low, Fueling Rate Cut Hopes


Inflationary pressures in Hungary eased in August, bringing a glimmer of hope for a potential rate cut by the central...

Hungary's Inflation Slows Sharply, Giving Central Bank More Room to Cut Rates

Business

10 Sep, 2024

Hungary's Inflation Slows Sharply, Giving Central Bank More Room to Cut Rates


Hungary's inflation eased more than expected in August, bolstering the case for the central bank to resume interest-rate cuts. Consumer...

Russia's Central Bank to Hike Interest Rates Again: What it Means for the Economy

Business

8 Sep, 2024

Russia's Central Bank to Hike Interest Rates Again: What it Means for the Economy


Russia's central bank is expected to raise its benchmark interest rate by 100 basis points to 19% at its Sept....

IBM Shuts Down R&D in China, Laying Off Over 1,000 Employees: Is This a Sign of Things to Come?

Business

26 Aug, 2024

IBM Shuts Down R&D in China, Laying Off Over 1,000 Employees: Is This a Sign of Things to Come?


US computing giant IBM has reportedly shut down its research and development (R&D) operations in China, joining a slew of...

OPEC Oil Output Surges in July: Saudi Arabia Leads the Charge

Business

3 Aug, 2024

OPEC Oil Output Surges in July: Saudi Arabia Leads the Charge


The Organization of the Petroleum Exporting Countries (OPEC) saw an increase in oil production in July, a Reuters survey revealed...

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