Tag: Business News

  • South Korea inflation, US jobs report, COVID-19 in China

    Singapore and New York ranked the most expensive cities to live in: EIU Singapore and New York were named as the most expensive cities to live in this year, according to Economic Information Unit (EIU). The average price of goods in 172 major cities globally has risen by 8.1% in local currency terms this year, […]

  • Avoiding a retirement account requires minimal distribution errors

    Kemal Yildirim | E + | Getty Images You have about a month left to make sure you get it right when it comes to mandatory withdrawals from retirement accounts. Required Minimum Distributions, or RMDs as they’re called, are annual amounts that must be taken out starting in the year you turn 72 — up […]

  • factory activity in China at the lowest reading since April; Asia markets are considerably higher

    Bitcoin briefly surpasses $17,000 to its highest level since mid-November Bitcoin briefly surpassed $17,000 in the morning Asian session for the first time since mid-November. bitcoin It increased by 2.2% over the previous 24 hours, according to currency metrics It was last traded at $16,863.07 per coin. ether It also rose, up 4.74% in the […]

  • European markets close mixed pending changes in China’s Covid policy

    Bank of England governor says UK gold market ‘not going back to normal’ The UK gold market is “not getting back to normal” yet Bank of England intervention on Sept. 28, according to Gov. Andrew Bailey, who spoke before the Committee of Lawmakers on Tuesday. The governor said the bank did not want to buy […]

  • Hong Kong shares jumped 4% ahead of China’s Covid briefing

    China likely won’t make sudden changes to its Covid policy: National University of Singapore National University of Singapore Professor Wang Junguo said on CNBC that the Chinese government is unlikely to make sudden changes to its policy on the non-spread of the coronavirus, because that would create chaos. “Squawk Box Asia”. “If you suddenly change […]

  • Inflation is declining. Here’s what that means for your annual salary increase

    Physics | iStock | Getty Images Inflation and annual wages are not in a one-to-one relationship. This became apparent to many workers last year when annual merit increases in salaries and wages were nowhere near the highest levels of inflation in four decades. Many employees stuck, even as wages increased by more than has been […]

  • End of a winning week on the Fed’s dovish bets

    European markets calmed down, but recorded the sixth week of gains Europe Stokes 600 The index closed flat on Friday, capping an optimistic week that saw it surpass a three-month high and secure its sixth week of gains. The major German and French stock exchanges were flat, with Britain’s FTSE 100 up 0.3%. Expectations of […]

  • Fed Minutes, Bank of Korea Decision, Sri Lanka

    Bill Ackman says the Hong Kong dollar peg will break Billionaire hedge fund manager Bill Ackman Sustainability questioned Hong Kong dollarHe pegged his currency to the dollar, adding that his company Pershing Square He has a large short position on the currency. “We have a short-term hypothetical position against the HKD through ownership of put […]

  • New Zealand interest rate hikes and inflation data

    Chinese online gaming stocks rose as the crackdown on the sector appears to be easing New Zealand’s central bank hints at more increases to come Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr said the bank’s only goal is to reach the official money rate to a point where inflation can diminish. Orr’s comments […]

  • Asia Pacific markets were mixed as investors weigh the risks

    Malaysian GPS Kingmaker Party will support Perikatan Nasional, not Pakatan Harapan One of the kingmakers in the Malaysian election, Gabungan Party Sarawak, a national political coalition based in Sarawak in eastern Malaysia, said it supports the Perikatan National Coalition to form a government and will not work with Anwar Ibrahim’s Pakatan Harapan. Malaysia’s king has […]