China Keeps Lending Rates Unchanged
China left its benchmark lending rates unchanged for the fifth straight month despite the economy struggling to gain traction. The People’s Bank of China on Friday kept its one-year loan … Read More
Category: Economy
Bank Negara Malaysia Unexpectedly Holds Rate Steady At 2.75%
Malaysia’s central bank maintained its benchmark rate in a surprise move at this year’s first policy meeting on Thursday, as policymakers assessed that the current rate remains accommodative and supportive … Read More
U.S. Producer Prices Decrease 0.5% In December Amid Steep Drop In Energy Prices
Partly reflecting a steep drop in energy prices, the Labor Department released a report on Wednesday showing U.S. producer prices fell by more than expected in the month of December. … Read More
U.S. Industrial Production Decreases Much More Than Expected In December
Industrial production in the U.S. decreased by much more than expected in the month of December, according to a report released by the Federal Reserve on Wednesday. The Fed said … Read More
UK Jobless Rate Remains Unchanged, Wage Pressures Rise Further
The UK unemployment rate remained unchanged in the three months to November and wage pressures intensified despite the economy heading into a recession. Data from the Office for National Statistics … Read More
UK Economy Unexpectedly Expands In November
The UK economy unexpectedly expanded in November as the FIFA World Cup boosted sales of food and beverages, data from the Office for National Statistics revealed Friday. Gross domestic product … Read More
Why we’re not going to the gym as much as we’d planned. Yes, already
We’re just a lick over two weeks into the new year, which for many of us means two weeks into our “new year, new me” commitments to dieting and fitness. … Read More
JPMorgan Q4 Profit Up 6%, Results Top Estimates
US investment bank JPMorgan Chase & Co. (JPM) reported Friday a profit for the fourth quarter that increased six percent from last year, reflecting strong double-digit net interest income growth, … Read More
U.S. Annual Consumer Price Growth Slowest Since October 2021
A highly anticipated report released by the Labor Department on Thursday showed a modest decrease in U.S. consumer prices in the month of December. The Labor Department said its consumer … Read More
Will stamp duty soon be a thing of the past? Not so fast
Among economists, the abolition of stamp duty has long held near-universal appeal as the biggest tax reform available to state governments. Economists hate stamp duty because a big, one-off tax … Read More
Our financial literacy crisis: can you answer these 5 money questions?
Aussies are getting dumber when it comes to money. That’s the shocking result of the latest Household, Income and Labour Dynamics in Australia survey of about 17,000 Aussies. The latest … Read More
UK Manufacturing Decline Gathers Pace Amid Subdued Demand
UK manufacturing contraction worsened in December as output, new orders, and employment declined at faster rates due to subdued demand conditions both domestically and internationally impacted by price pressures and … Read More