In the past year, Vietnam’s real estate industry has faced significant challenges, including developers failing to make interest payments on their debts. This situation was exacerbated by government actions that came at an inopportune time, causing a credit crunch. Fortunately, the negative impact on the broader economy has been limited. Last month, the real estate … Read more
Since late 2022, Beijing has upped its investments in homegrown technology. It’s probable that the telecommunications and banking sectors will be encouraged to adopt more Chinese products in the near future. Substituting Western technology as a response to geopolitical concerns and cybersecurity fears.
A sharp increase in consumer spending drove the economy in the previous quarter. Powell has warned that rapid growth might warrant an increase in interest rates.
A trustee’s note signifies that failing to make a payment on interest is classified as an “event of default. The company had previously cautioned that it did not anticipate being able to fulfill all forthcoming payments.
Federal Reserve, led by Jerome Powell, faces the challenge of gauging whether market-driven increases in long-term bond yields can cool the economy and curb inflation, with a cautious approach due to lingering uncertainties in price trends.
The 3.2% increase in Social Security benefits for 2024 provides relief to retirees facing rising living costs, though challenges loom due to a funding shortfall predicted for 2033. Planning when to claim benefits is crucial.
In September, US Consumer Prices Rose, Driven by Surging Rental Costs and Complex Inflation Trends. Will the Federal Reserve Raise Interest Rates?
IMF’s Georgieva voices concern over Israel-Hamas conflict’s ‘heartbreaking’ impact on global economy and oil markets.
Scotiabank and Sun Life partner to meet demand for private credit investments among affluent Canadians as private credit’s appeal grows.
Russian retailer Magnit offers Western investors a second chance to sell shares as part of a buyback program following a $490 million buyback last month, amid geopolitical uncertainties and Western sanctions.