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4+ min ago (26+ words) The West Australian is a leading news source in Perth and WA. Breaking local and world news from sport and business to lifestyle and current affairs....

22+ min ago (444+ words) On Monday, the People's Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0764 compared to Friday's fix of 7.0749. The primary monetary policy objectives of the People's Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China's central bank also aims to implement financial reforms, such as opening and developing the financial market. The PBoC is owned by the state of the People's Republic of China (PRC), so it is not considered an autonomous institution. The Chinese Communist Party (CCP) Committee Secretary, nominated by the Chairman of the State Council, has a key influence on the PBoC's management and direction, not the governor. However, Mr. Pan Gongsheng currently holds both of these posts. Yes, China has 19 private banks " a small fraction of the financial system. The…...

37+ min ago (482+ words) The'General Administration of Customs'will publish its data for November on Monday at 03.00 GMT. Trade balance is expected to widen to $100.20B in November, compared to $90.07 in the previous reading. Exports are expected to rise by 3.8%, while Imports are projected to climb by 2.8%. As the Chinese economy has influence on the global economy, this economic indicator would have an impact on the'Forex market. AUD/USD'trades on a negative note on the day in the lead up to the China's Trade Balance data. The pair edges lower as markets turn cautious ahead of the Reserve Bank of Australia (RBA) and US Federal Reserve (Fed) interest rate decisions later this week. If data comes in better than expected,'it could lift the Australian Dollar (AUD), with the first upside barrier seen at the December 5 high of 0.6650. The next resistance level emerges at the September…...

37+ min ago (1224+ words) (Bloomberg) -- The bond market's reaction to the Federal Reserve's interest-rate cuts has been highly unusual. On that point, at least, there is broad agreement on Wall Street. By some measures, a disconnect like this, with Treasury yields climbing as the central bank lowers rates, hasn't been seen since the 1990s. What exactly it means, though, is another matter. Opinions are all over the place, from the bullish (a sign of confidence that recession will be averted) to the more neutral (a return to pre-2008 market norms) to the favorite culprit of the so-called bond vigilantes (investors are losing confidence the US will ever rein in the constantly swelling national debt). Wealthy County in New York Must Pay $112 Million Over Immigrant Rights Violations Trump Replaces Architect to Lead $300 Million Ballroom Design A Bright Idea for Road Safety: Traffic Light Timing Owner of…...

54+ min ago (459+ words) Gold price (XAU/USD) trades in positive territory near $4,205 during the early Asian session on Monday. The precious metal edges higher as markets widely expect the Federal Reserve (Fed) to cut interest rates at its December meeting on Wednesday." Additionally, central bank demand for Gold might contribute to its upside. The People's Bank of China (PBoC) added to its gold reserves for a 13th straight month, according to data released on Sunday. Bullion held by the Chinese central bank rose by 30,000 troy ounces last month, bringing the total to around 74.12 million troy ounces." US consumer sentiment improved in early December, with the index increasing to 53.3 in December from a final reading of 51.0 in November, according to the University of Michigan's Surveys of Consumers. This figure came in stronger than the expectation of 52.0. The upbeat US economic data could boost the US…...

55+ min ago (387+ words) India Business News: The Reserve Bank of India plans to inject Rs 1.5 lakh crore into money markets. This move aims to ease liquidity and support an interest rate cut. Ana MUMBAI: RBI's plans to add nearly Rs 1.5 lakh crore to money markets will provide temporary relief but that may not be enough, analysts say Further action could be required in the fourth quarter of the current fiscal, they said If the rupee remains under pressure, RBI may need to use its reserves to limit volatility, which will pull liquidity out of the banking system.To ensure that the quarter-percentage point interest rate cut announced on Friday gets passed on to borrowers and depositors, the central bank has signalled that it will maintain surplus liquidity at 1% of bank deposits, implying a requirement of about Rs 2.4 lakh crore."Liquidity easing measures announced…...

55+ min ago (156+ words) Founded in 2004, Seeking Alpha is an industry-leading financial research platform powered by one of the world's largest investing communities. We bridge the gap between financial information and actionable insight by providing unrivaled coverage on all asset classes and access to best-in-class tools. From in-depth analysis on thousands of stocks to timely investment ideas and market-beating Quant ratings*, Seeking Alpha is an essential resource for millions of investors globally. Jobs are beginning to cool and inflation remains stubborn, but the U.S. economy and American consumers are still on solid footing as artificial intelligence reshapes productivity without triggering an immediate wave of job losses, J.P. Morgan Chase CEO Jamie Dimon said Sunday. How is U.S. economic resilience affected by cooling jobs and stubborn inflation? Will artificial intelligence cause a sharp wave of U.S. job losses soon? What strategies should U.S. workers use to prepare for AI adoption?...

59+ min ago (647+ words) Treasury Secretary Scott Bessent said Sunday that the holiday shopping season has been "very strong" so far and predicted that the U.S. economy will end the year on solid footing. "The economy has been better than we thought. We've had 4% GDP growth in a couple of quarters," Bessent told' Face the Nation'. "We're going to finish the year, despite the Schumer shutdown, with 3% real GDP growth." According to the Bureau of Economic Analysis, gross domestic product dropped by 0.6% year-over-year between jan and March 2025. The second quarter of the year saw a 3.8% increase. BEA is expected to publish initial economic results for the third quarter by December 23. Just a few days ago, an estimate from the Federal Reserve Bank of Atlanta put third-quarter annual GDP growth at 3.5%. Consumer spending remains a key driver of the economy, accounting for nearly 70% of the U.S. GDP....

1+ hour, 4+ min ago (423+ words) Business Finance minister calls for preparations to execute 2026 budget to prop up economy Published : Dec. 8, 2025 - 09:33:16 Finance Minister Koo Yun-cheol on Monday urged government ministries to thoroughly prepare for the swift execution of their budgets for next year to drive economic growth and support people's livelihoods, his office said. "On Tuesday, the National Assembly passed the budget for 2026 within the legal deadline for the first time in five years," Koo said during a fiscal execution review meeting, attended by officials from the science, defense, culture, agriculture and other ministries. "As the budget has been swiftly finalized, we will thoroughly prepare in advance for its execution so that we can actively support the realization of an innovation-driven economy and the stabilization of people's livelihoods," he added, urging the ministries to complete devising their project plans by the end of this month. Last…...

1+ hour, 7+ min ago (866+ words) New Delhi: The government's move to upgrade its digital farm marketplace, meant to give farmers access to more markets and better prices, has run into implementation glitches, with Rajasthan reporting data mismatches, login issues, and stalled mandi operations. The old electronic National Agriculture Market (e-NAM) system was shut down even before onboarding to the revamped version was complete, forcing farmers back to local physical mandis, where fewer buyers mean reduced competition and lower price realisations, two people directly involved in the transition process told Mint on the condition of anonymity. The disruption could not have come at a worse time, as kharif crop arrivals start to surge. In response to Mint's queries, the agriculture ministry said that several suggestions and issues had been reported after the pilot launch in Rajasthan, and that its team is working to incorporate feedback and…...