Posts From Ray Pierce
It’s been a bad day for China, with news that its international trade fell even as economists expected it to grow, according to Reuters. Markets are reacting in kind. Experts had expected year-over-year exports from China to increase by 3%.
China’s exports unexpectedly fell the most in two years in December, while imports also contracted, pointing to further weakness in the world’s second-largest economy in 2019 and deteriorating global demand. Adding to policymakers’ worries, data on Monday also showed China
ON JANUARY 7TH nine of America’s largest brokers and banks said they planned to launch a new equities exchange, dubbed the Members Exchange (MEMX). Though it has yet to gain approval from the Securities and Exchange Commission (SEC), the
SPARE A THOUGHT for emerging markets. When America’s economy falters, they often share the pain, because America is an indispensable market for their goods. But when America’s economy prospers, they can also suffer, because the Federal Reserve will raise interest
The World Bank’s president resigns abruptly
BARACK OBAMA’S nomination of Jim Yong Kim as president of the World Bank was unexpected in Washington, DC, where the trained physician was little known. His imminent departure also comes as a surprise. Mr Kim said on January 7th
FEMALE ECONOMISTS are rare. So every year, after the meeting of the American Economic Association (AEA), a group flock together. On January 6th, before the junior women seeking mentoring arrived, their seniors were asked to keep the tone positive,
What the market turmoil means for 2019
AFTER A ROTTEN October and limp November, the S&P 500 tumbled in value by 15% between November 30th and December 24th. Despite an astonishing bounce of 5% the day after Christmas, the index finished the year 6% below where
Bangladesh Prime Minister Sheikh Hasina has won a third straight term, sealing a landslide with almost all the seats in parliament, officials said on Monday, while the opposition rejected the result as rigged and called for a fresh vote. Hasina’s
China has opened the door to imports of rice from the United States for the first time ever in what analysts took to signal a warming of relations between the world’s two biggest economies after a frosty year marked by
TOKYO (Reuters) – Japan will resume commercial whaling from July in its waters and exclusive economic zone while ending its controversial hunts in the Antarctic, it said on Wednesday, as it announced its withdrawal from the International Whaling Commission (IWC).