The number of Americans filing new claims for unemployment benefits fell unexpectedly last week, indicating the labor market remains tight even as demand for labor is cooling amid higher interest rates. Initial claims for state unemployment benefits fell to a seasonally adjusted 214,000 for the...
https://www.hellenicshippingnews.com/u-s-weekly-jobless-claims-fall/
U.S. economic activity expanded modestly in recent weeks, although it was flat in some regions and declined in a couple of others, the Federal Reserve said on Wednesday in a report that showed firms growing more pessimistic about the outlook. Moreover, the U.S. central bank’s latest collection of...
Jose Zegarra, a Peruvian tourist in Argentina’s capital Buenos Aires, found out the hard way that the value of the country’s peso isn’t always what it seems as tough capital controls spawn an array of wildly diverging exchange rates. Charged near the official 150 pesos per U.S. dollar when he paid...
https://www.hellenicshippingnews.com/in-argentina-controls-spawn-soybean-and-netflix-currency-rates/
Companies worth half of total global market capitalistion are now disclosing environmental data after a 42% year-on-year rise in the number of firms reporting, new data published on Wednesday showed. Non-profit environmental disclosure platform CDP said more than 18,700 companies — the highest yet...
https://www.hellenicshippingnews.com/corporate-climate-disclosures-jump-again-in-2022-cdp-data/
Euro zone consumer inflation was marginally lower in September than estimated earlier, data showed on Wednesday, but still at a record high, underlining market expectations of more interest rate rises before the end of the year. The European Union’s statistics office Eurostat said consumer prices...
The Federal Reserve may need to push its benchmark policy rate above 4.75% if underlying inflation does not stop rising, Minneapolis Federal Reserve Bank President Neel Kashkari said. “I’ve said publicly that I could easily see us getting into the mid-4%s early next year,” Kashkari said at a panel...
https://www.hellenicshippingnews.com/fed-may-need-to-push-policy-rate-above-4-75-kashkari/
Latest stay-home orders in China under its widely criticized zero-covid policy have set alarm bells ringing for India’s engineering goods exports, which are already showing signs of stress over falling demand from western countries. Outbound shipments of engineering goods to China alone plunged by...
https://www.hellenicshippingnews.com/india-lockdown-in-china-may-hurt-engineering-exports-further/
German investor sentiment rose slightly in October, even as the current economic situation was assessed as significantly worse than the previous month, leaving little room for optimism. The ZEW economic research institute said on Tuesday its economic sentiment index grew slightly in October, to...
https://www.hellenicshippingnews.com/german-investor-morale-sees-surprise-rise-in-october-zew/
Australia and Singapore agreed on Tuesday on a “green economy” deal to boost cooperation on climate investment, financing and technology. Singapore Prime Minister Lee Hsien Loong told a news conference in Canberra that the agreement would start with initiatives such as developing a list of...
https://www.hellenicshippingnews.com/australia-singapore-sign-green-economy-pact/
India’s industries face growing challenges in the second half of its current fiscal year ending March 2023 amid continued weakness in global demand for goods combined with the rupee’s plunge. • Fiscal H1 trade deficit nearly doubles on year to $148.5bn • September fertilizer imports up 48%; coal...
https://www.hellenicshippingnews.com/india-faces-trade-challenges-on-weakening-global-demand/