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The latest breaking news and the global financial events.
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[ECB] Schnabel: Euro Area Economy Is Clearly Slowing, Not Rule Out the Possibility of Technical Recession

Isabel Schnabel, Member of the Executive Board of the European Central Bank (ECB) gave an interview with Reuters on August 16, the main content of which is as follows. Q1: Please give us your assessment of growth and inflation developments since your last policy meeting. A: The euro area economy is

[Fed] Four Officials Deliver Speeches

After the minutes of the Fed's July meeting was released, four more officials delivered speeches on August 18, with the main content as follows. Federal Reserve Bank of San Francisco President Mary Daly Core service inflation is still rising, food and medical costs are increasing and rents are also

August 19th Financial News

China's Foreign Ministry: Since China and Japan have not yet carried out maritime delimitation in waters east of Taiwan, China does not accept the notion of the so-called "Japanese EEZ"; Trump is caught in a fierce judicial offensive, and whether to announce his presidential candidacy in advance has

[Fed] Appropriate to Slow Down Interest Rate Hikes in the Future and There Is a Risk of Excessive Policy Tightening

On August 17, ET, the Federal Reserve released the minutes of its July meeting, which showed that the U.S. economic momentum has weakened. While the projected level of real GDP remained above potential this year, the gap was expected to have closed by the second half of 2023. The unemployment rate w

August 18th Financial News

China Semiconductor Industry Association expresses resolute opposition in a statement to the U.S. chip bill; U.S. retail sales were flat in July amid lower gasoline and auto sales; the 7th China-Eurasia Expo is postponed due to the COVID-19 pandemic; WHO renames the monkeypox virus variants, with a

[RBNZ] Appropriate to Continue to Tighten Monetary Conditions as Core Inflation Remains Too High

The Reserve Bank f New Zealand (RBNZ) raised interest rates by 50 basis points to 3.0% on August 17. The Monetary Policy Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability and contribute to maximum sustainable employment. Core consu

August 17th Financial News

Putin says Russia is willing to provide modern weapons to its partners, and Ukraine dismisses security chiefs; Rhine water levels continue to plummet amid high temperatures, and water transport disruptions may exacerbate Europe's energy crisis; Kenya's deputy president Ruto declares victory in the p

[U.S.] National Average Gas Price Hits a New Low Since March

On August 16, the U.S. national average for a gallon of regular gas was $3.956, hitting a new low since March. It was down 10 cents from a week ago, 62 cents less than a month ago, but 77 cents more than a year ago. Although gas prices continue to fall, the current level is still not enough to make

August 16th Financial News

Australia's ex-PM Scott Morrison is exposed as secretly wielding power, once assuming three roles in the ministry; Russia is willing to provide modern weapons to its allies and partners, says Putin; Russia takes control of a settlement in the Kharkiv region and Ukraine strikes Russian military facil

August 15th Financial News

U.S. tightens export controls on four technologies including EDA; Europe's severe drought affects power production; the U.S. extends the tax credit for electric cars and its restriction on the source of battery raw material is controversial; Ukraine's largest nuclear power plant is on the battlefiel
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