The Latest Breaking News from Bloomberg Economics

Trump’s war means higher global interest rates for years to come

Global interest rates are set to remain higher for longer, with Bloomberg Economics forecasting borrowing costs elevated by up to half a percentage point through 2028. This shift, influenced by lingering inflation risks from the Iran conflict's energy shock and the AI race, means consumers and businesses face more expensive…

The Economic Times · Jul 6

RBI may have sold gold to save foreign reserves, BE report shows

The RBI may have sold about $12 billion worth of gold reserves in the two weeks through May 22 to protect its foreign-currency assets amid capital outflows and rising oil prices, according to Bloomberg Economics. The move suggests policymakers are prioritising liquid forex reserves as Middle East tensions pressure the…

The Economic Times · Jun 2

Trump returns from China with little progress on reopening Hormuz

Iran says passage through the Strait of Hormuz will return to normal once security is restored. US President Donald Trump seeks to reopen the critical waterway after talks with China. Iran insists on maintaining control. Disruptions have caused oil prices to surge. The US has imposed sanctions on Iran's oil…

The Economic Times · May 16

Tuna sells for $789,000, thanks to its freshness and vibrant color

In light of the recent earthquake, the buyer had mixed emotions about participating in the auction, a popular tourist attraction in Japan.

USA Today Sports Media Group · Jan 5, 2024

UK construction output falls again; job cut fears as British Steel confirms plans to shut blast furnaces – business live

UK housebuilding decreased for the eleventh month running in October, while 2,000 jobs could be threatened if British Steel replaces two blast furnaces in Scunthorpe

The Guardian - UK · Nov 6, 2023

China slowdown means it may never overtake US economy, forecast shows

WASHINGTON/BEIJING: China is no longer set to eclipse the US as the world’s biggest economy soon, and it may never consistently pull ahead to claim the top spot as the nation’s confidence slump becomes more entrenched.

The Times of India · Sep 5, 2023

Can China Restore Confidence in its Markets?

China’s property debt crisis shows no signs of receding and has even spread into the country’s shadow banking. This week, Zhongzhi Enterprise Group, a privately owned manager of more than 1 trillion yuan ($137 billion), and its trust company affiliates are under scrutiny after halting payments to thousands of customers...

Barchart · Aug 18, 2023

Gautam Adani crisis likely to leave India’s conglomerates unscathed

MUMBAI: The dramatic fall in the Adani group’s shares following allegations by Hindenburg Research is unlikely to spill over to other Indian conglomerates as they fare well on key business parameters, according to Bloomberg Economics.

The Times of India · Feb 14, 2023

It’s a Business Free-for-All in a Russia Transformed by Sanctions

In Putin’s “mobilization economy,” entrepreneurs find creative ways to meet demand, like converting Krispy Kreme into Krunchy Dream, Starbucks into Stars Coffee.

Businessweek · Jan 18, 2023

Putin buys off the poor, writes off middle class with war budget

Alexei Malov’s dream was to own a white Lada.

Tribune News Service · Jan 14, 2023