Chile’s Economic Activity Disappoints, Supporting Rate Cuts

Activity contracts 0.2% on month, rises 2.3% on year in August Central bank cutting key rate to steady uneven activity Chile’s economic activity unexpectedly contracted in August on a decline in services, corroborating the central bank’s message that more interest...

China’s Weak Factory Activity Shows Urgency of Stimulus Push

PMIs suggest manufacturing activity contracted before stimulus Data offer last snapshot of economy before Golden Week holiday China’s factory activity continued to contract while the services sector slowed in September, as policymakers prepared an emergency stimulus...

Japan Stocks Set to Fall on Rate Hike Fears After Ishiba’s Win

Nikkei 225 futures plummet after Ishiba’s surprise win Ishiba opponent Takaichi opposed higher interest rates Japanese stocks will likely tumble on Monday after Shigeru Ishiba’s surprise victory in the ruling party’s leadership race raised expectations that interest...

Electric Vehicle Sales Are Stumbling. Here’s Why

With road transportation accounting for about 15% of greenhouse gas emissions, it’s hard to see how the world will reach its net zero climate goals unless people give up their gasoline and diesel cars. For many years, governments offered generous subsidies to...