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Economy
Eurozone inflation rises to 2.6% amid expectations of ECB rate cut
July 31, 2024 07:24 PM AEST| By InvezzInflation in the Eurozone increased slightly to 2.6% in the year to July, up from 2.5% in June. This rise in inflation, reported by Eurostat, exceeded the expectations of economists polled by Reuters, who had predicted price pressures to remain flat...
Bank of Japan raises interest rate to 0.25%, cuts bond purchases in major policy shift
July 31, 2024 07:10 PM AEST| By InvezzThe Bank of Japan (BoJ) has increased its benchmark interest rate to 0.25% and announced plans to halve its monthly bond purchases, marking a significant shift towards tighter monetary policy. This move contrasts with the US Federal Reserve’s c...
Trump vs Harris: A battle between Big Oil and Big Tech
July 31, 2024 06:15 AM AEST| By InvezzAs the political battle heats up, a Trump vs Harris showdown is increasingly becoming a battle between Big Oil and Big Tech
Venezuela’s electoral chaos: A reporter’s reflections from the polling station
July 31, 2024 05:15 AM AEST| By InvezzAs a journalist covering Venezuela for over a decade, I’ve witnessed the country’s political landscape through the lens of a complex and often turbulent environment. Recently, I took on the role of a polling station officer, a position I hadn’t...
Brazil’s budget deficit hits record high in June, government debt soars
July 30, 2024 02:17 AM AEST| By InvezzBrazil is grappling with a ballooning budget deficit and rising government debt, posing significant challenges to its economic stability. In June 2024, the country’s nominal budget deficit surged to an unprecedented level, far exceeding m...
Donald Trump’s Bitcoin Conference speech ignites crypto market, BTC nears $70K
July 29, 2024 09:27 PM AEST| By InvezzFormer President Donald Trump’s keynote speech at the 2024 Bitcoin Conference in Nashville has spurred the crypto market. The global crypto market cap has surged to $2.48 trillion, reflecting a 3.09% increase in just 24 hours. Bitcoin, the lead...
US Fed meeting this week: What to expect on interest rate cuts as inflation cools
July 29, 2024 05:56 PM AEST| By InvezzAs the Federal Reserve convenes for its two-day Federal Open Market Committee (FOMC) meeting this week, the financial world is closely watching for indications of potential interest rate cuts. While the Fed is expected to keep its benchmark interest...
Maduro elected Venezuelan president for third term even as opposition, international governments dispute outcome
July 29, 2024 05:42 PM AEST| By InvezzVenezuela’s authoritarian leader Nicolas Maduro was announced president-elect of the country for a third consecutive term in a highly-charged election, even as the opposition contested the election results, alleging foul play. Elvis Amoro...
Trump campaign raises $4 million in crypto donations: Who are the high-profile donors?
July 26, 2024 04:20 AM AEST| By InvezzDonald Trump’s presidential campaign has successfully tapped into the cryptocurrency market, receiving over $4 million in digital donations. According to Federal Election Commission (FEC) filings, these contributions have come in various...
Brazil’s current account deficit hits 10-year high: What it means for the economy
July 26, 2024 04:02 AM AEST| By InvezzBrazil’s current account deficit surged to $4 billion in June 2024, marking the country’s largest shortfall in ten years. This significant increase from $0.8 billion in the same month last year highlights Brazil’s most substantial d...
US emissions reductions off track for 2030 targets under Paris accord
July 25, 2024 02:27 AM AEST| By InvezzDespite substantial progress in reducing greenhouse gas emissions, the United States remains off track to meet its 2030 targets set under the Paris Agreement. The Biden administration’s extensive green subsidies and new climate regulations have...
Bank of Canada cuts key interest rate to 4.50% and lowers 2024 growth forecast amid cooling inflation
July 25, 2024 01:35 AM AEST| By InvezzIn a strategic move to address a cooling economy, the Bank of Canada (BoC) has lowered its key interest rate to 4.50%, a reduction of 25 basis points from its previous rate of 4.75%. This adjustment marks the BoC’s second consecutive rate cut, follow...
Moody’s downgrades Thames Water’s credit rating to ‘junk’, cites weakening liquidity position
July 25, 2024 01:17 AM AEST| By InvezzThames Water, the UK’s largest water utility, has seen its credit rating slashed to junk status by Moody’s Ratings. The downgrade comes after the UK’s water regulator placed the company under a turnaround oversight regime due to concerns about its fi...
Euro slides to $1.083 on weak PMI data as ECB rate cuts loom
July 24, 2024 10:04 PM AEST| By InvezzThe Euro has extended its decline, falling to $1.083 amid weak PMI data from the Eurozone, Germany, and France. This drop pulls the currency further away from its four-month high of $1.094 set on July 17th. As economic indicators signal a slowd...
Can Kamala Harris defeat Donald Trump in the 2024 US Presidential elections?
July 24, 2024 08:51 PM AEST| By InvezzKamala Harris launched her campaign for the presidency with a rally in the battleground state of Wisconsin on Tuesday, emphasizing her readiness to take on Donald Trump in the upcoming election. Addressing an enthusiastic crowd, the US Vice President...
The hidden divide: How wealth disparity is shaping the US economy
July 24, 2024 04:47 AM AEST| By InvezzDespite the appearance of a robust financial landscape in the United States, a closer look reveals significant disparities in wealth distribution. While household net worth relative to income is nearing historical highs, the benefits of economi...
India budget 2024: 5 key takeaways for investors
July 23, 2024 10:54 PM AEST| By InvezzIndia’s 2024 budget, announced after Prime Minister Narendra Modi’s re-election for a third consecutive term, presents a mixed bag for investors. This budget reveals increased taxes on gains from share sales, reduced taxes on proper...
Thailand makes another U-turn on cannabis, won’t relist it as a narcotic
July 23, 2024 09:58 PM AEST| By InvezzThailand’s approach to cannabis regulation is set for another significant shift, with the government opting to introduce legislation to control its use rather than re-listing it as a narcotic. Deputy Prime Minister Anutin Charnvirakul announced...
India Economic Survey suggests seeking FDI from China to boost local manufacturing, exports
July 23, 2024 02:31 AM AEST| By InvezzEven as relations with China remain tense, the pre-budget Economic Survey tabled by the Indian government on Monday argued for seeking foreign direct investments (FDI) from Beijing to enhance local manufacturing and tap into the export market.&#...
Pakistan’s sugar industry faces challenges with surplus and export limitations
July 22, 2024 09:08 PM AEST| By InvezzPakistan’s sugar industry, the second-largest agro-based industry after textiles, is navigating a complex web of regulatory and economic challenges. Contributing significantly to the national economy, the industry accounts for 3.7% of value add...
