The Federal Reserve Board on Friday finalized a rule establishing capital requirements for insurers supervised by the Board. The final rule is substantially similar to the proposal issued in September 2019. The final rule includes a framework, known as the Building Block Approach, that builds on existing state-based insurance requirements, accounts for risks that are specific to… Seguir leyendo Federal Reserve Board finalizes a rule establishing capital requirements for insurers supervised by the Board
Categoría: Economy
New York Leads Nation in New Manufacturing Jobs Since 2021
Governor Kathy Hochul today celebrated National Manufacturing Month by unveiling New York’s nation-leading manufacturing job growth numbers, which show that New York State has added more than 13,300 new manufacturing jobs since 2021 – leading the nation in manufacturing jobs brought back from overseas. The data (available here) points to the continued resurgence of New York’s… Seguir leyendo New York Leads Nation in New Manufacturing Jobs Since 2021
New Survey Finds More Small Business Owners See Improving Economy
The Q3 2023 Small Business Index reaches a post-pandemic high score as more small businesses feel confident about the state of the economy and their business health. The MetLife and U.S. Chamber of Commerce Small Business Index, has hit its highest score since the start of the COVID-19 pandemic in 2020 as more small business owners… Seguir leyendo New Survey Finds More Small Business Owners See Improving Economy
New Trends: China sees rapid development in rural e-commerce
In a small village nestled in Guizhou Province in southwest China, Wang Jing returned from the bustling metropolis of Shenzhen to start an entrepreneurial journey. This choice deviated from the norm, as people who leave their hometowns seldom relinquish the allure and opportunities of a metropolitan life. Nevertheless, Wang’s decision, made a decade ago, proved… Seguir leyendo New Trends: China sees rapid development in rural e-commerce
China, EU have ‘candid, pragmatic’ talks on economic and trade issues
China and the European Union (EU) on Monday conducted candid and pragmatic communication on issues such as macroeconomics, trade and investment, industrial and supply chains, and financial cooperation, and have reached a series of mutually beneficial outcomes and consensuses. During the 10th China-EU High-level Economic and Trade Dialogue in Beijing, Chinese Vice Premier He Lifeng… Seguir leyendo
China, EU have ‘candid, pragmatic’ talks on economic and trade issues
China and Europe jointly promote economic recovery and development
Valdis Dombrovskis, executive vice-president of the European Commission, is visiting China from September 23 to 26. The 10th China-EU High-Level Economic and Trade Dialogue, regarded as the highest-level dialogue mechanism in the field of economic and trade cooperation between China and the EU, has always been the primary channel for the two sides to resolve misunderstandings and… Seguir leyendo China and Europe jointly promote economic recovery and development
China’s September manufacturing PMI bounces back to expansion
China’s manufacturing purchasing managers’ index (PMI) bounced back into the expansion zone in September, indicating growth in factory activity and a positive economic recovery in the country. The index came in at 50.2, up 0.5 index point from August, data from the National Bureau of Statistics (NBS) showed Saturday. Improvements in both production and demand are contributing… Seguir leyendo
China’s September manufacturing PMI bounces back to expansion
ASEAN leaders sustain positive outlook on Chinese economy
ASEAN leaders attending the ongoing 20th China-ASEAN Expo highlighted the achievements of China-ASEAN cooperation and expressed optimism about China’s economic development prospects. Vietnamese Prime Minister Pham Minh Chinh noted that China’s sustained high-speed growth over the past decades has contributed significantly to global economic growth and stability, making it an important driving force for the… Seguir leyendo ASEAN leaders sustain positive outlook on Chinese economy
Strathcona Resources Ltd. Announces Closing of Pipestone Energy Corp. Acquisition
CALGARY, AB, Oct. 3, 2023 /PRNewswire/ – Strathcona Resources Ltd. (“Strathcona”) announced today that it has closed the acquisition (the “Acquisition”) of Pipestone Energy Corp. (“Pipestone”). The Acquisition will result in Strathcona becoming a publicly traded reporting issuer on the…
Forging Consensus and Championing Responsibility at the U.S. Chamber’s Global AI Forum
At its Global AI Forum, the U.S. Chamber of Commerce emphasized the importance of business-government collaboration in artificial intelligence and unveiled the Responsible AI Business Leadership Initiative. On September 20th, the U.S. Chamber of Commerce convened leading voices in artificial intelligence from all levels of government and the private sector for the first Global AI… Seguir leyendo Forging Consensus and Championing Responsibility at the U.S. Chamber’s Global AI Forum