Biden moving forward with plan to cement asylum restrictions at U.S.-Mexico border (01.10.2024)
The Biden administration is planning to issue a regulation to cement the sweeping asylum restrictions it enacted at the southern border over the summer.
Christine Lagarde Says ECB Is Getting More Confident of Taming Inflation (30.09.2024)
Christine Lagarde said the European Central Bank is becoming more optimistic that it will be able to get inflation under control, and will reflect on that at its October interest-rate decision.
China’s Investment Abroad Surges to Record With $71 Billion Jump (30.09.2024)
China’s overseas investment hit a record high as its companies look to build more factories abroad, potentially helping to ease criticism of Beijing’s export policies.
French Premier Barnier Plans Up to $20 Billion of Extra Taxes, Parisien Says (30.09.2024)
French Prime Minister Michel Barnier plans to announce additional taxes to raise between €15 billion and €18 billion ($16.7-$20 billion) as he looks at ways to regain control of the country’s public finances, according to Le Parisien newspaper.
German Inflation Slows Below 2% as Bets on Faster ECB Cuts Rise (30.09.2024)
German inflation eased below the European Central Bank’s 2% target for the first time since February 2021 — supporting the case for another cut in interest rates in less than three weeks.
Powell Says Fed Will Lower Rates 'Over Time', Emphasizes Economy Is Solid (30.09.2024)
Federal Reserve Chair Jerome Powell said the central bank will lower interest rates “over time,” while again emphasizing that the overall US economy remains on solid footing.
Koalitionsfrage: Auf der Suche nach der nächsten Regierung (30.09.2024)
Nach der Nationalratswahl ist vor den Koalitionsverhandlungen. Bundespräsident Alexander Van der Bellen wird bald den Auftrag zur Regierungsbildung vergeben. Am Sonntag wollte er sich noch nicht darauf festlegen, ob er tatsächlich FPÖ-Chef und Wahlsieger Herbert Kickl damit betrauen wird. Laut Politologin Kathrin Stainer-Hämmerle wäre es auch möglich, dass Van der Bellen den amtierenden Bundeskanzler Karl Nehammer (ÖVP) sondieren lasse – und damit bestimmen würde, wer Einladender und wer Eingeladener sei.
Chinese Stocks Enter Bull Market After Biggest Surge Since 2008 (30.09.2024)
Chinese stocks extended one of their most remarkable turnarounds in history, soaring for a ninth straight day as government stimulus entices investors back to one of the most beaten-down markets worldwide.
Volvo Leads 50 Firms Urging EU to Stick to Combustion-Engine Ban (30.09.2024)
Volvo Car AB and dozens of industrial manufacturers urged Brussels to stick to a plan to halt sales of new combustion-engine cars starting 2035. But Europe’s biggest automakers are keeping quiet.
Lombard Odier Sold China Stocks, Bonds, Won’t Buy Rebound After Stimulus (30.09.2024)
When Michael Strobaek joined Lombard Odier as chief investment officer in November, one of his first big moves was to sell all the China stocks and bonds in its holdings managed for private clients.
The Hedge Fund Betting Fed Cuts Can’t Revive ‘Failing’ Green Bets (29.09.2024)
It’s wrong to expect that a cycle of interest-rate cuts from the Federal Reserve will suddenly revive the green transition, according to Barry Norris, the founder and chief investment officer of UK hedge fund Argonaut Capital Partners.
Stocks Are In and Bonds Are Out: Top Trades for the Rest of the Year (29.09.2024)
US stocks will outperform the nation’s government and corporate bonds for the rest of this year as the Federal Reserve keeps cutting interest rates, the latest Bloomberg Markets Live Pulse survey shows.
Austrian Election: Far Right Comes in First But May Not Get Top Prize (29.09.2024)
The leader of Austria’s far-right Freedom Party said he’ll start negotiations on a new government coalition after a historic victory — yet one that may still not grant Herbert Kickl the top job.
Hochrechnung: FPÖ auf Platz eins, ÖVP deutlich vor SPÖ (29.09.2024)
Die FPÖ hat bei der Nationalratswahl am Sonntag laut Hochrechnungen inklusive Wahlkartenprognose klar Platz eins erreicht. Rang zwei geht laut Foresight-Hochrechnung für ORF und APA an die ÖVP, abgeschlagen auf Platz drei liegt die SPÖ. NEOS liegt auf Platz vier knapp vor den Grünen. Alle anderen Parteien scheiterten am Einzug in den Nationalrat.
Nationalratswahl: Spitzenkandidaten schreiten zur Urne (29.09.2024)
Österreich wählt am Sonntag einen neuen Nationalrat. Schon am frühen Vormittag schritten die ersten der Spitzenkandidaten und -kandidatinnen zur Urne. Neben den fünf Parlamentsparteien ÖVP, SPÖ, FPÖ, Grüne und NEOS schafften es bundesweit auch Bierpartei, KPÖ, Keine von denen (Wandel) und Liste Madeleine Petrovic (LMP) auf den Stimmzettel.
Volkswagen Lowers Forecast Again on Waning Car Sales (27.09.2024)
Volkswagen AG cut its guidance for a second time this year, warning that waning demand will undercut the German carmaker’s profitability as it squares off with unions over possible job cuts and unprecedented plant closures.
China Urges Local Companies to Stay Away From Nvidia’s AI Chips (27.09.2024)
Beijing is stepping up pressure on Chinese companies to buy locally produced artificial intelligence chips instead of Nvidia Corp. products, part of the nation’s effort to expand its semiconductor industry and counter US sanctions.
Poor euro zone data flow keeps adding to case for ECB rate cut (27.09.2024)
Inflation has eased more than expected in two of the euro zone's biggest economies and the German jobs market has continued to cool this month, adding to an already substantial case for the European Central Bank to cut borrowing costs further next month.
Harris Holds Thin Lead Over Trump In Swing-State Poll: Election 2024 (27.09.2024)
About a month before the election, the vice president is eroding Trump’s advantage on the economy, the latest Bloomberg News/Morning Consult Poll finds.