Economy

Economy Latest News

In Bulgaria, villagers fret about euro introduction
In Bulgaria, villagers fret about euro introduction
by  AFP

In Bilyana Nikolova's grocery store in Chuprene, a village in northwestern Bulgaria, prices are now displayed in levs and euros on hundreds of food products and other items. But in small villages across Bulgaria concerns are running high that the euro will mean higher prices.

Delayed US data expected to show solid growth in 3rd quarter
Delayed US data expected to show solid growth in 3rd quarter
by  AFP

The US economy is expected to post another solid economic growth reading Tuesday, but the much-delayed figures likely will not settle debate on the labor market, AI and other variables. Forecasters expect Tuesday's third-quarter gross domestic product (GDP) report to show 3.2 percent growth, according to consensus estimates from MarketWatch and Trading Economics.

Asian markets rally again as rate cut hopes bring Christmas cheer
Asian markets rally again as rate cut hopes bring Christmas cheer
by  AFP

Equities extended a global rally Tuesday, while gold and silver hit fresh records as optimism for more US interest rate cuts and an easing of AI fears helped investors prepare for the festive break on a positive note. Precious metals were also pushing ever higher on the back of expectations for more US rate cuts, which makes them more attractive to investors.