Tag: economy

Global markets are expected to embark on a relief rally after U.S. President Joe Biden and House Republican Speaker Kevin McCarthy reached an agreement to raise the U.S. government's debt ceiling in an effort to evade an unprecedented default. McCarthy revealed to reporters that he...

White House and Republican negotiators reached a deal late on Saturday to raise the U.S. debt ceiling, thereby averting a default that would have sent shockwaves across the global economy had a deal not been reached by the June 1 deadline. President Joe Biden and...

Data from Chile's central bank released on Thursday showed that the country's economy grew by 0.8% over the first quarter of 2023. This is the second consecutive quarter of growth for Chile in what has been a slow economic recovery after several major drops...

Democrats and Republicans agreed on Tuesday afternoon to follow a new structure for their ongoing debt ceiling talks. While an agreement on the approach has been reached, little headway has been made with regard to the deal that they are seeking to conclude in...

Stock traders have remained surprisingly unphased amid ongoing talks in Congress regarding raising the U.S. debt ceiling. Depending on the outcome of the talks, the U.S. may be unable to pay its bills by the June 1 deadline. Treasury Secretary Janet Yellen confirmed on Friday that...

Brazil and Mexico surprised investors by publishing higher economic growth than was expected this week. This comes as the countries' economies continue to exhibit signs of strengthening despite being faced with steep interest rates and resilient inflation. Brazil's economy grew by 3.3% in February, thereby...