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Leading financial figures have raised concerns about the potential for continued high-interest rates and the resulting economic instability. At an investment summit on Tuesday, THL co-CEO Scott Sperling discussed the challenges posed by soaring interest rates and cautious consumer behavior. Despite anticipating a turbulent economy over the next 15 to 18 months, Sperling identified promising investment opportunities in sectors like generative AI and life sciences.

AI), automation and analytics by 2028 in Asia/Pacific Japan — driving agile, insight-driven digital businesses The rapid and expansive growth of AI in the digital business landscape emphasises the widening application of AI and the challenges and considerations for its effective implementation, according to the International Data Corporation (IDC).

The British economy flatlined in the third quarter of the year

Shoppers in China have been tightening their purse strings, raising questions over how faltering consumer confidence may affect the annual Singles’ Day online retail extravaganza

Wall Street rose sharply to add to an already strong November, which is on track to be one of the market's best months of the year

It is the first engagement between the leaders in nearly a year.

The credit rating agency Moody’s Investors Service has lowered its outlook on the U_S_ government’s debt to “negative” from “stable.”

A new U.N. report paints a stark picture of the collapsing Palestinian economy after a month of war and Israel’s near-total siege of Gaza

In recent years, koi have become hugely popular in Asia, with exports doubling over the past decade

U.S. Treasury Secretary Janet Yellen says she and her Chinese counterpart have agreed to work toward a “healthy economic relationship,” during two days of talks that she said helped lay the groundwork for a productive meeting next week between Presiden...

US Treasury Secretary Janet Yellen will visit China again next year at her counterpart’s invitation, as officials in the world’s two biggest economies seek to boost contact further and improve tense relations.

Stock market news: As Diwali 2023 is fast approaching, stock market experts and investors are busy finding out investment options that may generate alpha return in long term. For such retail investors mulling to make new investment on Diwali 2023 Muhurat trading, they are advised to know the levels of key benchmark indices or say Nifty 50 and BSE Sensex.

EA YONG, Vietnam—In the verdant highlands of central Vietnam, warehouses the size of airplane hangars dominate small farming towns, bristling with mounds of tropical fruit. The bounty is destined for a colossal market: China. Farmers are felling coffee trees traditionally grown in this cool hilly region to plant spiky durians, pungent fruits that have become wildly popular in China.

Fitch Ratings predicts that higher-than-expected oil prices, stemming from potential disruptions in the Middle East's oil supply due to conflicts, could significantly impact global economic growth and lead to a surge in inflation. According to Fitch's Global Economic Outlook (GEO), a scenario with average oil prices of USD 75 per barrel in 2024 and USD 70 per barrel in 2025 could be upended if oil prices spike to USD 120 per barrel in 2024 and USD 100 per barrel in 2025 due to supply restrictions. The simulations, conducted using the Oxford Economics Global Economic Model, reveal a potential 0.4 percentage point (pp) reduction in world Gross domestic product (GDP) growth in 2024, with a lingering 0.1 pp lower growth in 2025. Despite the modest rebound anticipated in 2025, Fitch suggests a persistent moderate impact beyond the initial shock. The impact of higher oil prices would be felt across the board, with the absence of significant growth rebound in 2025 indicating a potentially longer-lasting effect on GDP levels in most countries. Notably, the negative growth impact in 2024 ranges from 0.1 pp in Indonesia to a substantial 0.9 pp in Korea, with the US, the Eurozone and Japan experiencing impacts of 0.5 pp. Emerging market countries like South Africa and Turkey would face significant impacts of 0.7 pp, while Russia and Brazil, owing to their reliance on oil production, would experience varied effects. The aggregate impact on the Fitch 20 suggests a global GDP growth shortfall of 0.4 pp in 2024 and 0.1 pp in 2025. Moreover, higher oil prices would lead to elevated inflation rates in 2024, with India, Turkey, and Poland experiencing the highest percentage point rises. Developed economies would witness more

China continues to battle its property demons while it is Italy's turn to be in the eye of the ratings agencies. Here is your week-ahead primer from Lewis Krauskopf in New York, Kevin Buckland in Tokyo, Danilo Masoni in Milan and Alun John and Dhara Ranasinghe in London. 1/ INFLATION WATCH A slew of Federal Reserve policymakers including boss Jerome Powell say they are still not sure that rates are high enough to finish the battle with inflation. Traders, anticipating roughly three quarter-point Fed rate cuts next year, will now turn their attention to Tuesday's inflation data to confirm their view on the outlook. The October consumer price index is expected to have climbed 0.1% on a monthly basis, according to a Reuters poll. September's CPI rose 0.4% on a surprise surge in rental costs, but also showed a moderation in underlying inflation pressures. A sharper cooling could fan the peak rate talk, fuelled by October's employment report, which pointed to an easing in labor markets. A federal government shutdown meanwhile looms if lawmakers in Washington are unable to pass a measure to at least temporarily fund operations before a Nov.

World Cup. This however, belies the challenges the company faces on other fronts in India. The Star Sports business, integral to Disney's strategy, incurred a significant operating loss, raising questions about the sustainability of its current business.

Tighter monetary policy is helping bring down the pace of inflation but not to a level where policymakers should feel too comfortable, San Francisco Federal Reserve President Mary Daly said Friday.

(Reuters) -Moody's on Friday changed its outlook on the U.S. credit rating to «negative» from «stable» citing large fiscal deficits and a decline in debt affordability.

By Ebru Tuncay and Heekyong Yang

Investing.com — It’s not everyday that you get to read a Phil Flynn note that’s virtually bearish on oil. But to hear one of the market’s loudest oil bulls admit that people have been fleeing the long crude game like rats abandoning a sinking ship should be a wake-up call to those who kept drumming for a return to $100 pricing in recent weeks.

Investing.com — The Dow rallied to notch second-straight weekly win Friday as big tech led a rebound in stocks following a wobble a day earlier when Fed chair Jerome Powell's reminder that rate hikes aren't over rattled markets.