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Latest Articles
AI will create jobs, says Fed chief Warsh
9+ min ago (430+ words) Federal Reserve Chair Kevin Warsh says the AI-driven investment boom is a generational economic opportunity. Discover why the Fed expects AI to boost productivity and wages despite short-term disruption. Federal Reserve Chairman Kevin Warsh has said that the United States…...
BOJ may face pressure to ramp up bond-buying if yields spike, ex-central bank policymaker says
49+ min ago (622+ words) TOKYO, July 16 (Reuters) – The Bank of Japan may face political pressure to ramp up bond buying if the benchmark 10-year yield breaks above the key 3% threshold and puts Premier Sanae Takaichi’s fiscal policy on the line, former central bank policymaker…...
Dollar near one-month low as cooling inflation curbs Fed hike bets
48+ min ago (409+ words) HONG KONG, July 16 (Reuters) – The U.S. dollar hovered near a one-month low on Thursday, as soft inflation data reinforced bets that the Federal Reserve can stay patient on interest rate hikes, while escalation in Middle East hostilities added upside risk…...
US Fed taps former RBI Governor Raghuram Rajan for key reform panel
19+ min ago (498+ words) Washington, July 16 (IANS) Federal Reserve Chairman Kevin Warsh has enlisted former Reserve Bank of India Governor Raghuram Rajan to help review the US central bank's balance sheet, as part of a sweeping reform programme aimed at reshaping monetary policymaking after…...
Economic Digest: A Snapshot of Nepal’s Business News
26+ min ago (341+ words) Time taken to read: 14 Minute KATHMANDU: Economic Digest presents a brief yet comprehensive roundup of major business developments in Nepal, delivered in clear and accessible summaries. At the same time, reforms to public procurement, tax compliance, and corporate governance signal…...
South Korea's central bank raises interest rates for first time since 2023 on chip-led boom
48+ min ago (652+ words) South Korea’s central bank raised interest rates for the first time in more than three years and flagged the possibility of further increases as an artificial intelligence-driven chip boom helps fuel sticky inflation and faster-than-expected economic growth. The Bank of…...
Consumer Confidence Hits Multiyear High - AOL
6+ hour, 53+ min ago (184+ words) The Conference Board's consumer confidence index reading for November came to 73.7, which was above estimates, as well as the highest reading since February of 2008. And the results for October were revised higher to 73.1 from a preliminary figure of 72.2, and that…...
Ringgit gains as weaker US data drags dollar lower
1+ hour, 29+ min ago (320+ words) KUALA LUMPUR, July 16 — The ringgit extended its gains against the US dollar at Thursday's opening, supported by weaker-than-expected US economic data, an analyst said. At 8am, the local currency strengthened to 4.0655/0710 against the greenback from Wednesday’s close of 4.0760/0805. Bank Muamalat Malaysia…...
Dollar Holds Decline on Soft PPI
1+ hour, 19+ min ago (146+ words) The dollar index traded around 100.5 on Thursday after posting sharp losses over the previous two sessions, as easing inflation pressures reduced expectations of a near-term Federal Reserve interest rate hike. Data released on Wednesday showed US producer prices unexpectedly fell…...
George and Destiny Choutis warn small businesses are being squeezed by rising costs
1+ hour, 24+ min ago (413+ words) Marrickville cafe owners George and Destiny Choutis have warned that Sydney’s small businesses are struggling under rising costs, with the couple’s Roastville Coffee Roasters forced to increase prices amid the cost-of-living crisis. Destiny Choutis, who owns the business with her…...