#money

Financial Statements/Surveys/Reports

China announces a target of 5% Growth in GDP for 2023; Shows Cautious Approach.

China’s leaders take a cautious approach to the estimate for the country’s economic recovery, after removing most of the Covid restrictions on business activity that were imposed in 2022. China announced a target of around 5% Gross Domestic Product (GDP) growth...

Money/Wealth Management

Goldman CEO Says, Asset and Wealth Management will be New Growth Driver for Bank

Goldman Sachs CEO David Solomon stated that asset management and wealth management will be the growth driver of the bank. Solomon said, “The actual story of opportunity for growth for us in the coming years is around asset management and wealth...

News

IMF Revises Global Growth Forecast

The International Monetary Fund (IMF) revised its global growth forecast for the 2023 and 2024. According to its latest update economy will grow at 2.9% in 2023 and at 3.1% in 2024. The global economy grew at 3.4% in...

News

Argentina and Brazil are thinking about a common currency

The two largest economies in South America are Argentina and Brazil are discussing about creation of a common currency, as a coordinated effort to reduce dependency on the U.S. dollar. The analysts are dismissing the proposal due to discrepancies between...

Inflation and Employment

AES CEO Says, Its time to start blending of Natural gas with green hydrogen

Major economies in the world are coming up with plans to shift from fossil fuels to green hydrogen using low or zero-carbon technologies. Technological innovation, huge money, and tremendous political will are essential to make this shift and it is...

Financial Statements/Surveys/Reports

Research Says, World Economy May Face A Recession In 2023

Center for Economics and Business Research (CEBR) says that high-interest rates by most influential central banks in the world to combat the inflation will lead to a recession in 2023. British consultancy in its yearly World Economic League Table said...

Federal Reserve and Interest Rates

Rate Hikes Are Slowed By Federal Reserve, Ecb, And Boe

Three of the world’s highly influential central banks reduced their pace of increase in interest-rate hikes. These banks acknowledged that somewhat price pressures are easing but also stressed that inflation is still far from over. The Federal Reserve, Bank of...

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