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News
Don’t delay on mortgage deals, homeowners warned as Nationwide becomes latest lender to raise rates
4+ day, 4+ hour ago (667+ words) Homeowners are being warned not to delay renewing a mortgage deal after Nationwide Building Society become the latest major lender in the UK to lift rates. As bond yields have risen this past few weeks, swap rates have climbed – the…...
Poll: August inflation likely slowed to 6.0%
2+ week, 22+ hour ago (635+ words) LOWER energy costs and prices of some food items could have pulled inflation down for a fourth straight month in August, analysts said. The median forecast in a Manila Times poll was 6.0 percent, within the Bangko Sentral ng Pilipinas’ (BSP)…...
BNPL for food, groceries may signal household financial strain
2+ week, 1+ day ago (457+ words) PETALING JAYA: The growing use of Buy Now, Pay Later (BNPL) to purchase food and groceries could signal that some households are struggling with stagnant income growth amid rising living costs, said an economist. Universiti Teknologi Mara economist Dr Mohamad…...
US Fed chief Warsh sends Wall Street lower with hawkish inflation warning
2+ week, 2+ day ago (401+ words) NEW YORK, Aug 29 — Wall Street stocks dipped while the dollar rallied Friday after Federal Reserve chief Kevin Warsh flagged fighting high inflation as a priority in a speech received as more hawkish than expected. “We must be confident that underlying…...
‘Numbers are more concerning’: US Fed chief Warsh breaks silence on economy, but still keeps markets guessing
2+ week, 2+ day ago (759+ words) WASHINGTON, Aug 29 — US Federal Reserve chair Kevin Warsh on Friday offered rare insight into his economic outlook, flagging that high inflation in the world’s largest economy was “concerning” and hinting that the central bank may need to act to curb…...
US economy expands at sluggish 1.5% pace in second quarter, but consumer spending stayed strong
2+ week, 5+ day ago (198+ words) The U.S. economy grew at a sluggish 1.5% pace from April through June. But consumer spending stayed strong. The Commerce Department reported Wednesday that growth in gross domestic product — the nation's output of a goods and services — decelerated from a 2.1% pace from…...
P62 to the dollar ‘not a crisis level,’ says former Bangko Sentral official
3+ week, 23+ hour ago (509+ words) THE peso’s slide toward P62:$1 is putting investor confidence in the Philippines to the test but does not represent a crisis, a former central bank official said. “It would be an overstatement to call P62 a crisis level,” GlobalSource Partners economist and…...
Minimum wage rise could leave graduates earning barely more than entry-level workers, academic warns
3+ week, 3+ day ago (482+ words) PETALING JAYA: If Malaysia raises the RM1,700 minimum wage without adjusting pay scales further up the chain, graduates and skilled employees could end up earning barely more than those at entry level, said an academic. “We cannot have a situation in…...
US debt tops $40 trillion as Treasury doubles bond buybacks to calm markets
3+ week, 4+ day ago (551+ words) The US national debt now stands at a record $40 trillion (€34.4tn), while the Treasury has responded to the bond market pressure by pledging to buy back far more of its own older securities. Washington's two announcements landed on the same day…...
Why UK inflation figures for July are set to surge
3+ week, 6+ day ago (140+ words) newswav.com Why UK inflation figures for July are set to surge The world’s most free-thinking newspaper - UK Consumer Prices Index inflation is forecasted to rise to 2.9% in July, driven primarily by a 13% hike in Ofgem's energy price cap. - Economists…...