Are you translating the interview of a fund manager or an investment company’s CEO to be published in an Italian newspaper? A blog post on Quantitative Easing? Maybe an article on the impact of the oil price drop on Russian economy?
Then, you must understand the basics of economics and finance. How does an investment fund work? What is the current performance of capital markets in peripheral Europe? What is the role of the Federal Reserve and the European Central Bank? Why does the oil price affect global recovery and inflation? To translate financial news, you must learn the basics of macro and microeconomics, GDP, inflation, unemployment, as well as supply and demand, commodities, pricing.
Moreover, you should stay up-to-date, read the news, know what is going on in the world, particularly in capital markets. Which companies are performing well? Is unemployment rate high, and why? Is Europe recovering? Are the United States out of the financial crisis? What is the reaction of central banks, and how can interest rate affect mortgages and credit?
Reading the news in your working languages as a translator, you become aware that the language of financial and economic news is a special language. It is not only informative, but also emotional. Recently, I read headlines such as “Greek Burial for German Austerity” or “Quantitative Easing? Give the people the money instead!”. Continua la lettura di The Art and Science of Translating Financial News