Xi Says China’s 2024 GDP Growth Set to Hit Target of Around 5% (31.12.2024)
China’s gross domestic product is expected to expand around 5% for the full year of 2024, President Xi Jinping said, signaling the world’s second-largest economy is on track to meet its official target.
ECB’s Knot Says Trade War Could Export China Deflation to Europe (30.12.2024)
China may start selling its products to Europe at discounted rates if the US starts a trade war by imposing new tariffs, according to European Central Bank Governing Council member Klaas Knot.
Das Wirtschaftsjahr 2024 war österreichweit von zahlreichen Insolvenzen geprägt. Die KTM-Pleite und der Zerfall der Signa-Gruppe waren nur zwei von vielen. Insgesamt gab es heuer mehr als 6.500 Unternehmensinsolvenzen in ganz Österreich. Auch viele burgenländische Unternehmen waren betroffen.
ECB May Mull Waiting Before Next Rate Cut, Holzmann Tells Kurier (28.12.2024)
The European Central Bank could consider waiting longer before its next rate cut if inflation risks from energy prices or a stronger depreciation of the euro materialize, according to Governing Council member Robert Holzmann.
European Gas Market: What Happens When Russia-Ukraine Transit Deal Expires? (27.12.2024)
Europe is about to lose a chunk of its gas supplies, with a key transit deal between Moscow and Kyiv expiring Dec. 31. Unless an alternative arrangement can be made in the final days of the year, the halt of Russian flows via Ukraine will present a slew of challenges to an already tight market:
China Mulls Record $411 Billion Special Bonds, Reuters Says (24.12.2024)
China’s policymakers plan to sell a record 3 trillion yuan ($411 billion) of special treasury bonds in 2025, Reuters reported on Tuesday, a move aimed at bolstering the slowing economy.
Who Votes on Fed Interest Rate Decisions in 2025? (23.12.2024)
New voters are set to rotate onto the Federal Reserve’s interest-rate-setting committee just as renewed inflation concerns inject a fresh layer of complexity into the central bank’s decision making.
ECB Very Close to Meeting 2% Inflation Target, Lagarde Tells FT (23.12.2024)
The European Central Bank is nearing its consumer-price target but must remain alert to lingering dangers in some sectors, according to President Christine Lagarde.
Chinese EV Makers Hit EU Wall as Tariffs Add to Import Costs (23.12.2024)
Chinese automakers captured their smallest share of Europe’s electric-vehicle market in eight months, after new tariffs added as much as 35% to the cost of importing cars to the region.
Euro-Zone Growth Expectations for 2025 Dialed Back by Economists (23.12.2024)
The euro-area economy will pick up less momentum next year than previously foreseen and only expand slightly more strongly than in 2024, according to a Bloomberg survey.
For Emerging Markets, ‘Better Luck Next Year’ Is a Hard Sell (22.12.2024)
Emerging markets-focused investors have had little to celebrate over the past year. Or for that matter, over the past decade. Now the prospect of Donald Trump’s tariffs and trade wars has some considering abandoning them altogether.
China Property Flare-Ups Resurface as Crisis Enters Fifth Year (22.12.2024)
One of China’s leading developers is now on authorities’ radar for default risk. A major Hong Kong builder is asking lenders to extend loans. Another industry peer is selling an iconic but largely empty mall in Beijing.
Panama’s Leader Takes Up Feud With Trump Over Control of Canal (22.12.2024)
Panama’s president rebuffed Donald Trump’s threat to reimpose US control over the Panama Canal, saying its shipping tolls aren’t inflated and that sovereignty over the waterway isn’t negotiable.
Switzerland Agrees EU Deal, Rebuilding Ties After 2021 Breakdown (20.12.2024)
Switzerland and the European Union agreed on a deal to ensure the country’s access to the bloc’s single market, hitting an unofficial end-of-year deadline after lengthy and intense talks.
Bank of Russia Holds Key Rate at 21% Even as Inflation Rises (20.12.2024)
The Bank of Russia held its key interest rate at a record-high 21%, surprising most analysts who’d expected policymakers to opt for another big hike to try to tame persistent inflation.
Trump Threatens Tariffs If EU Doesn’t Buy More US Oil and Gas (20.12.2024)
President-elect Donald Trump warned the European Union that its exports will get hit with US tariffs if its member states don’t buy more American oil and gas.
Putin Says He’s Ready to Meet Trump, Hasn’t Seen Syria’s Assad (19.12.2024)
President Vladimir Putin said he’s willing to hold talks with US President-elect Donald Trump, though he said they haven’t spoken in more than four years.