Central Banking Series

A brief history of debt ceiling crises and the political chaos they've unleashed

May 14, 2023 05:10 am UTC| Economy

There have been numerous fiscal crises in the United States where Congress has either failed to pass a budget on time or there were doubts that the federal debt ceiling would be raised, which could cause the U.S. to...

America’s Roundup: Dollar on pace for biggest weekly rise since February, Wall Street dips, Oil prices fall on stronger dollar, demand fears

May 13, 2023 01:27 am UTC| Market Roundups Economy

Market Roundup US Apr Import Price Index (MoM) 0.4%,0.3% forecast,-0.6% previous US Apr Export Price Index (MoM) 0.2%, 0.2% forecast,-0.3% previous UK NIESR Monthly GDP Tracker 0.1%,0.0% forecast,0.1%...

Europe Roundup: Sterling steadies after UK economy posts fragile Q1 growth ,European shares rise, Gold dips, Oil stabilises as supply deficit counters demand fears

May 12, 2023 12:35 pm UTC| Market Roundups Economy

Market Roundup UK Mar Monthly GDP 3M/3M Change 0.1%, 0.1% forecast, 0.1% previous UK GDP (YoY) (Q1) 0.2%, 0.2% forecast, 0.6% previous UK Mar GDP (MoM) -0.3%, 0.1% forecast, 0.0% previous UK Mar Trade Balance...

Peloton Recalls 2 Million Bikes Over Injury Risks

May 12, 2023 10:07 am UTC| Business Economy

Peloton Interactive Inc. announces the recall of its exercise bikes due to safety hazards that may lead to injuries. About 2.2 million units of the brands Model PL01 bikes are affected by the recall. It was stated on...

Adidas Reveals Plans to Sell Yeezy Stocks, Portions of Sales to Go to Charity

May 12, 2023 08:59 am UTC| Business Economy

Adidas AG has finally made its decision on what to do with the remaining Yeezy sneakers still in its possession. The companys chief executive officer, Bjoern Gulden, announced during the annual shareholder meeting that was...

Hyundai Motor Unveils $2.45B Investment Plan to Build EV Battery Plant in India

May 12, 2023 08:55 am UTC| Business Economy

Hyundai Motor is putting in $2.45 billion in investment in India over the next 10 years. Using the funds, the Korean carmaker will set up 100 units of charging stations for electric vehicles and construct a battery...

CJ Logistics Setting Up a Distribution Hub in Saudi Arabia

May 12, 2023 08:11 am UTC| Business Economy

CJ Logistics revealed it will be building a distribution center in Saudi Arabia as it expands its business in the Middle East. The leading logistics company in South Korea shared this plan with the public on Thursday, May...