By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank cut its benchmark rate for the first time since March 2020 and announced further cuts in coming months, saying inflation was moving closer to its 1% to 3% target in a marked dovish tilt that prompted a sell-off in the dollar. The decision to cut … Read more
Studies based on KLEMS data are widely cited to refute claims about poor job creation in the country. This database has been developed as part of an international project and has a very reputable provenance, fed by scholars at the Delhi School of Economics and ICRIER since 2009 and hosted by the Reserve Bank of … Read more
Unlock Editor’s Digest for free FT editor Roula Khalaf selects her favourite stories in this weekly newsletter. Indonesia’s first planned multi-billion dollar independence day celebration in its new capital has resulted in an embarrassing backtracking for the government, which was forced to scale back plans and withdraw invitations to foreign dignitaries. The country was due … Read more
Sweden’s economy has in many ways suffered the same travails as the rest of Europe: recent bouts of crushing inflation and recession, and now the prospect of meager growth in a world riven by geopolitical and economic conflict. Yet this tiny Nordic country boasts a roster of high-tech entrepreneurs that is the envy of its … Read more
A Chinese employee counts yuan renminbi banknotes in Nantong, east China’s Jiangsu province. [Photo/IC] Optimizing the regulatory system will be high on the agenda of China’s ongoing financial reform and will aim to ensure that the financial sector efficiently fulfills its fundamental duty of serving the real economy, according to leading Chinese financial experts. Achieving … Read more
Job scams involving working from home In recent months, the Better Business Bureau has received about a dozen reports of employment scams in the area. FOX 7 Austin 7 On Your Side reporter John Krinjak tells us the details. New Braunfels, Texas – This summer, scammers have taken advantage of Central Texans looking for work. … Read more
(Bloomberg) — China’s economy likely failed to emerge from its worst patch in five quarters, with an uneven recovery in July held back by consumer spending that still lags industrial activity and investment. Most read on Bloomberg Data due Thursday will show retail sales remained weak, according to the median forecast compiled by Bloomberg, despite … Read more
The S&P 500’s biggest moves on Tuesday 3 hours 37 minutes ago Moving forward Starbucks (SBUX) stock was the best performer in the S&P 500, up 24.5% after the coffee giant announced it had hired Chipotle (CMG) CEO Brian Niccol as its new CEO. The executive shakeup came amid pressure from activist investors Elliott Investment … Read more
When America sneezes, the rest of the world catches a cold: is the oft-quoted saying that reflects both the dominant role the US economy plays in the world and the importance of its stock and bond markets to the wealth of investors around the world. Well, he may not have sneezed in the last few … Read more
The DXY index falls below 103.00 as US producer price index figures disappoint. US economic growth continues to trend higher, suggesting that markets may be overestimating aggressive easing requirements. CPI is now in focus for a clearer inflation outlook. On Tuesday, the US dollar (USD), as measured by the US Dollar Index (DXY), showed a … Read more