China’s Shandong Port, entry point for most sanctioned oil, bans US-designated vessels
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Read MoreA new survey by DHL Express reveals a mixed outlook for U.S. small and medium-sized enterprises (SMEs) heading into 2025, with optimism about growth tempered by concerns over regulatory shifts and global market volatility. The survey, which gathered responses from hundreds of SMEs nationwide, outlines the key challenges,…
Read MoreEuropean Central Bank board member Piero Cipollone reported in Corriere della Sera (an Italian daily newspaper) Article is here (in Italian). My poor translation and summary (Google wouldn’t help out!) … if I got it wrong let me know in the comments (in English or Australian please 😉…
Read MoreJapanese wages data for November 2024 Total cash earnings +3.0% y/y expected +2.7%, prior +2.2% Overtime pay +1.6% y/y prior +0.7% Base salary, or regular pay, rose 2.7% in November fastest increase since 1992 As noted in the headline, inflation-adjusted real wages fell in November, down 0.3% prior…
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Read MoreNobel-winning economist Paul Krugman looks at the trashing of US bond prices, writing in a post titled: “Is There an Insanity Premium on Interest Rates?” “increases in long-term rates, like the 10-year Treasury rate, might reflect the horrible, creeping suspicion that Donald Trump actually believes the crazy things…
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Read MorePosting this ICYMI: South Korea’s Financial Services Commission (FSC) is reportedly preparing to ease restrictions on institutional cryptocurrency trading. According to Yonhap news agency, the plan seeks to gradually allow institutional investors to open trading accounts on domestic cryptocurrency exchanges. Currently, South Korean regulations limit crypto trading to…
Read MoreAdam Posen is an economist and President of the Peterson Institute for International Economics. He argues he expects the Fed to raise interest rates in the second half of 2025, unless the Trump Administration’s aggressive use of tariffs and deportations triggers a recession. However, it’s more likely that…
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