Tag: Economic events
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Swiss central bank readies for FX intervention if safe haven franc strengthens
The SNB left interest rates unchanged, as it highlighted the risk of renewed upward pressure on the Swiss franc amid ongoing uncertainty.
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Why Wall Street banks and foreign borrowers are rushing to tap China’s cheap money
Foreign governments, Wall Street banks and multinational companies are flocking to China’s panda bond market.
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Australia central bank warns hikes are not off the table as it keeps rates steady at 4.35%
In its statement, the RBA said that inflation was “still too high,” which warranted to keep the cash rate unchanged
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China economy weakens further in May as retail sales post first drop in over three years
China’s retail sales fell for the first time in more than three years in May, while urban investment contracted more than expected, adding to signs the economic slump deepened.
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CNBC’s The China Connection newsletter: Waiting for AI to lift the whole market
China’s economy sees a lift from artificial intelligence-related industries, while real estate and domestic demand remain lackluster.
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UK economy shrank 0.1% in April as Iran conflict weighed on growth
U.K. GDP fell 0.1% in April as services activity declined and companies cited pressure from the Middle East conflict.
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BTS-mania poised to boost South Korea’s economy well into the future
BTS-mania, with all the fan spending and travel, is poised to boost South Korea’s economy well into the future
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Inflation is eroding cash returns. Here’s where to park your savings
While inflation is a normal part of the economy, the higher it is, the more your idle cash is losing purchasing power over time.
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Rate hikes are back on the table amid rising prices, Fed officials say—here’s what it means for your money
Just weeks ago, investors were debating when interest rates would fall. Now, some Federal Reserve officials are talking about rate hikes instead.
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How pandemic car shortages are still making new and used cars expensive
Pandemic-era shortages are still pushing up used car prices, and automakers learned lessons from that time that stands to keep supply tight
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