by Bloomberg.com | Aug 19, 2024 | alerts, Markets/Economy
German exporters shipped more products to Poland than to China in the first half of the year, underscoring Germany’s efforts to diversify trade away from the world’s second-largest economy and enhance relationships closer to home. German exports to Poland increased...
by Bloomberg.com | Aug 16, 2024 | alerts, Markets/Economy
A handful of economic data show US economy is holding up Traders pare wagers on aggressive cuts, bet on September move A flurry of data showing US economic resilience drove stocks to their best week this year, with dip buyers stepping in after a recent rout. Equities...
by Bloomberg.com | Aug 16, 2024 | alerts, Markets/Economy
July starts dropped to 1.2 million rate, below all estimates Big decline in the South may have reflected Beryl impact New-home construction in the US fell in July to the lowest level since the aftermath of the pandemic as builders respond to weak demand that’s keeping...
by Bloomberg.com | Aug 16, 2024 | alerts, Markets/Economy
The global market ‘is oversupplied,’ Macquarie’s Garvey says Futures sink about 8% this week as top mill warns of downturn Iron ore headed for a brutal weekly loss, hitting the lowest level since 2022, on concern that a steel-industry crisis rippling across China will...
by Bloomberg.com | Aug 15, 2024 | alerts, Markets/Economy
National Australia Bank Ltd. said asset quality deteriorated in the third quarter amid further signs of stress building in the nation’s economy. Unaudited cash earnings came in at A$1.75 billion ($1.2 billion) in the three months ended June 30, according to a...
by Bloomberg.com | Aug 15, 2024 | alerts, Markets/Economy
Futures drop below $94 as China steelmakers reduce production Top mill China Baowu sounds alarm about industry’s troubles Iron ore hit the lowest level since 2022 on concern that global supply is running ahead of demand, with China’s steelmakers mired in a crisis and...
