Apple Stock Extends Slide, Falls Below $2 Trillion Level, As Investors Count iPhone Delay Hit To Earnings

UniCredit Research expects “moderate dollar weakness” over the next two years as the U.S.’s growth outperformance diminishes and interest-rate cuts cause rate differentials between the U.S. and other G10 countries to narrow, Elia Lattuga, deputy head of strategy research, says in a webinar. Read More : Dollar to...

Setting the scene for a low-carbon and climate-resilient Asia and the Pacific, the Asian Development Bank (ADB) plans to invest $100 billion of its own funds and work with the public and private sector to maximize its climate impact.With the region on the frontline of the growing...

Bank of Canada Governor Tiff Macklem recently suggested that the measures taken to tackle inflation are working, indicating a potential pause in the ongoing trend of interest rate increases. In his latest public statement since holding the rate at 5% in October, Macklem pointed out that the less...

Colombia's inflation is expected to close 2023 at around 9.73%, Finance Minister Ricardo Bonilla told a conference on Friday. The minister's comments follow a decision by the technical team of Colombia's central bank to raise its inflation outlook for 2023 to 9.8% from 9% estimated at the start...

Japan’s core consumer price growth picked up slightly in October, after easing the previous month, reinforcing investors’ views that stubborn inflation may push the Bank of Japan (BOJ) to roll back monetary stimulus before long. The nationwide core consumer price index (CPI), which excludes volatile fresh food costs,...

Argentina's President-elect Javier Milei said on Friday that the closure of the country's central bank, a signature campaign pledge, was a "non-negotiable matter", according to a statement from his office posted on social media platform X. The comments, in response to what he called "false rumors", come as...

While the share of bad loans remains very low in Estonia, a recent analysis by the Bank of Estonia (Eesti Pank) suggests their number will start to grow as a result of rising unemployment and falling sales revenue. While difficulties repaying loans might be a serious problem for...

Chinese authorities said they recently opened criminal investigations into the money management business of Zhongzhi Enterprise Group Co., days after the embattled shadow banking giant revealed a shortfall of $36.4 billion in its balance sheet. Police in Beijing said in a statement on WeChat that they took “criminal...

Sweden’s Riksbank is as likely to raise its benchmark rate as to keep it unchanged, and could take action if the krona weakens again or if there are other signs that inflation is picking up once more, said Governor Erik Thedeen. The Swedish central bank this week left...

A recession in the euro area is looking increasingly likely as the economic downturn persists in the final quarter of the year, private-sector activity surveys showed. Meantime, the outlook for global trade got a boost this week as South Korea’s exports are likely to maintain momentum. Elsewhere in...

French banks’ efforts to challenge guidance by the country’s tax authorities on dividend arbitrage strategies got the support of an adviser to the top administrative court on Friday. In a hearing at France’s Conseil d’Etat, the court adviser called for the cancellation of two advance tax rulings -...

Nigeria’s central bank pledged major changes to get a grip on inflation and steady the country’s battered currency, signaling tighter monetary policy ahead. The Central Bank of Nigeria will switch to inflation targeting instead of trying to control money supply in its battle to slow price increases, Governor...