Economía

Treasury Secretary Scott Bessent calls for a review of 'the entire' Federal Reserve

Treasury Secretary Scott Bessent urges comprehensive review of the Federal Reserve

In a development sparking considerable debate among financial and political groups, U.S. Treasury Secretary Scott Bessent has urged a comprehensive evaluation of the Federal Reserve’s organization, decision-making procedures, and policy structure. The announcement reflects increasing worry about the central bank’s involvement in sustaining the nation's economic stability amidst intricate global and domestic issues.Bessent, speaking at a recent financial summit in Washington, emphasized the need to reassess the Federal Reserve’s broad mandate and its tools for executing monetary policy. He underscored that the goal of such a review would not be to undermine the institution’s independence, but rather to ensure that…
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Goldman Sachs is getting worried about the economy

Goldman Sachs issues warning about the economy

In a significant change from its earlier stable outlook, Goldman Sachs is now showing increased wariness regarding the trajectory of the global economy. The well-regarded investment bank, renowned for its expertise in financial markets and large-scale economic patterns, is currently highlighting several new risks that might obstruct growth and alter investor perspectives in the upcoming months.While the global economy has shown resilience in recent years, particularly in recovering from the impacts of the COVID-19 pandemic and supply chain disruptions, Goldman Sachs analysts are increasingly focusing on warning signs that suggest a slowdown may be looming. These concerns come at a…
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Starmer and Modi sign £6bn India-UK trade deal

India and UK ink £6bn trade deal under Starmer and Modi

The United Kingdom and India have entered into a new era of economic cooperation, as Prime Minister Keir Starmer and Indian Prime Minister Narendra Modi formalized a landmark trade agreement valued at £6 billion. The deal marks a significant milestone in the economic and diplomatic relationship between the two nations, opening the door to new opportunities across sectors such as technology, pharmaceuticals, green energy, and financial services.Este reciente acuerdo se alcanza después de años de negociaciones con el objetivo de reforzar los lazos bilaterales en la era posterior al Brexit. Con el Reino Unido buscando redefinir su posición comercial global…
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City traders have rate-rigging convictions quashed

City traders win appeal in rate-rigging conviction case

Several ex-financial traders who had faced convictions related to tampering with benchmark interest rates have now seen their convictions nullified. This marks a notable legal shift in one of the most prominent financial scandals in the last twenty years. The judgment, issued by an appellate court, has sparked renewed discussion regarding the responsibility of financial institutions and the people involved in them.Los comerciantes, quienes inicialmente fueron culpables de manipular tasas de interés globales clave como la London Interbank Offered Rate (LIBOR), enfrentaron años de escrutinio legal, descontento público y, en algunos casos, encarcelamiento. Sus condenas fueron parte de un esfuerzo…
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Trump kicks off Middle East tour with focus on Gaza, Iran and ...

Faisal Islam: Trump’s tariff measures achieving results

During his presidency, Donald Trump’s approach to international trade marked a dramatic departure from the multilateral consensus that had guided U.S. policy for decades. Rejecting long-standing trade norms, Trump implemented a confrontational strategy rooted in the use of punitive tariffs, particularly targeting major economies such as China and traditional allies in Europe and North America. While controversial, these actions sparked a global conversation about fairness in trade and the effectiveness of protectionist policies—and, arguably, produced tangible outcomes.At the heart of Trump’s trade philosophy was a belief that the United States had been taken advantage of in previous trade agreements, resulting…
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