Economy

New Zealand Hikes Interest Rate, Signals More to Come

38
Economy
26.05.2022

New Zealand's central bank announced a fifth straight interest rate hike this week and hinted at a much more aggressive monetary policy tightening as central bankers try to tame runaway inflation. The Reserve Bank of New Zealand (RBNZ) lifted...

UK Inflation Touches 40-year High

39
Economy
18.05.2022

Inflation in the UK leapt to its highest annual rate since 1982, putting severe pressure on Finance Minister Rishi Sunak to do more to help families facing a cost-of-living crisis. Consumer price inflation touched 9% in April, recalling the peaks...

Japan’s GDP Shrinks as Cost of Living Bites

38
Economy
17.05.2022

Japan's economy contracted for the first time in two quarters, as COVID-19 curbs affected the performance of the services sector, and the Ukraine war continued to inflate commodity prices and create headaches for consumers.  The world&rsq...

COVID Lockdowns Hit China's Economy Hard

34
Economy
16.05.2022

China has posted troubling economic data for April, revealing the severe damage COVID lockdowns have wreaked on the country. The world's second largest economy reported alarming drops in retail sales and manufacturing production, falling short...

Sri Lankan Businesses Agitate for Government Changes

33
Economy
11.05.2022

Several business groups in Sri Lanka have asked the president to install a new government and resign immediately thereafter. With little more than $50 million in foreign exchange reserves, Sri Lanka is basically bankrupt and dependent on external...

Fed Confirms Largest Rate Hike in 22 Years

39
Economy
05.05.2022

The US Federal Reserve announced an interest rate hike of a half-percentage point in an attempt to take control of the worst inflation America has seen in 40 years. The central bank has not hiked rates this much in 22 years. The decision was unani...

Tata Takes Frugal Approach to Making Electric Vehicles

39
Economy
04.05.2022

India's Tata Motors is taking a frugal approach to entering the electric vehicle (EV) market. The company makes a little more than 100 EVs a day at its Pune plant, with many processes being carried out by hand to save money. Competitive protec...

South Korea’s Consumer Prices Rise Rapidly

38
Economy
03.05.2022

South Korea, Asia’s fourth-largest economy, saw its consumer price index rise to 4.8% in April from 4.1% in March. The country’s consumer prices rose in April at their fastest pace in nearly 14 years due to red-hot food and energy pric...

Global Stocks Steady After Fed Rate Hike

178
Economy
18.03.2022

Europe's stock markets consolidated strong gains made in Asia on Thursday, after the US Federal Reserve pressed ahead with its first interest rate rise in more than three years. The EuroSTOXX 600 was steady, 0.1% lower after an initial rise. T...

Fed Finally Raises Interest Rates

184
Economy
17.03.2022

In a much-anticipated move, the US Federal Reserve raised interest rates for the first time since 2018. The American central bank is hoping that higher interest rates, in concert with reduced pandemic-era fiscal support, will help reduce inflation....