Recently, creditors for Citgo Petroleum have raised significant concerns regarding a proposed court agreement with the US hedge fund Elliott Investment Management. This agreement seeks to shift control of the oil refiner from Venezuela to the hedge fund, but it has faced criticism for potentially locking the company into a…

Federal Reserve Bank of Dallas President Lorie Logan said Monday that she sees more interest rate cuts ahead of the Fed’s policy meeting in November. “If the economy evolves as I currently expect, a strategy of gradually lowering the policy rate toward a more normal or neutral level can help…

At a recent event hosted by the 20-20 Investment Association, Roberto Campos Neto, the chief of Brazil’s central bank, expressed concern about the country’s rising inflation expectations. He emphasized the urgent need to return inflation to the objective of 3% and assured audiences of policymakers’ unwavering commitment to achieving this…

Sweden is set to implement a new policy that increases payments for immigrants who voluntarily leave the country, with incentives rising significantly by 2026. Under the plan, the current payment, capped at 40,000 Swedish kronor, will increase to a maximum of 350,000 kronor. The policy shift, announced in September 2024,…

S&P 500 has offered healthy returns over the past ten years but the investment landscape will be dramatically different through 2034, warns David Kostin of Goldman Sachs. The bank’s chief of US equity strategy does not expect the broad market index to return more than 3.0% annually over the next…

Quantum computing has been the front and centre of the financial debates this year – especially among investors on the lookout for the next big thing after artificial intelligence. Two names that offer ample exposure to quantum computing that many believe could revolutionise the world as we know it and…

Car sales in Europe took a hit in September, marking the first consecutive monthly decline in over two years as the region’s economy remained sluggish and consumers cut back on spending The European Automobile Manufacturers’ Association reported a 4.2% drop in new-car registrations, totaling 1.12 million units compared to the…

Asian stocks dipped on Tuesday as the US dollar hovered near multi-month highs, with a sharp sell-off in bonds and a surge in gold prices indicating growing investor caution ahead of the upcoming US election. Benchmark 10-year Treasury yields climbed 11 basis points overnight and continued to edge up by…

Chancellor Rachel Reeves is set to deliver Labour’s first budget in 14 years on Wednesday, October 30. The speech, expected to begin at 12:30 UK time, will be closely watched, especially by opposition leader Rishi Sunak, who will respond immediately after. With a £40 billion shortfall in government finances, the…