Economy

Russia-Ukraine war impact on Asian economies

Highlights The day Russia invaded Ukraine, stock prices in Asian countries experienced a steep fall. Russia is amongst the largest oil and natural...

Business confidence slumps on Omicron worries: ANZ Survey

Highlights Business confidence dips to 28 points Reflection of worries related to Omicron impact February is ninth straight month when business c...

NZ to have quick rate hikes, signals RBNZ Governor

Highlights The Central Bank faces a tough choice of tackling inflation amid the pandemic. Some critics say that the Reserve Bank is moving too slo...

Average full-time earnings soared in 2021. Are good days back for Au...

Australia seems to be in the middle of a widespread economic resurgence as major economic indicators have been showing considerable improvement in rec...

Can Russia’s attack on Ukraine impact Canada's economy & trade?

People around the world have woken up to the news of Russian President Vladimir Putin ordering a “full-scale invasion” of Ukraine —...

New Zealand central bank raises OCR by 25 bps, says more tightening...

Highlights  The Central Bank lifts the OCR by 25 bps. Forecasts OCR to reach above 3.25% by 2024. Agrees to reduce the stimulus to maintain...

Monetary Policy Review: Will RBNZ hike OCR by only 25 bps today?

New Zealand’s central bank is all set to announce its monetary policy review in which it is expected to increase OCR for the third time in a row...

Decoding the World Development Report 2022

Highlights The World Bank affirmed the significance of corrected financial measures for an equitable recovery. In the pandemic, economic activitie...

What does Russia-Ukraine conflict mean for world economy?

In late January 2022, Russian forces were deployed along the Ukrainian border. Till now, the conflict hasn’t been resolved. While the world econ...

US weekly jobless benefit claims surge, housing starts decline

Highlights US unemployment benefits claims increased by 23,000 in the previous week. In January, homebuilding permits increased by 0.7%, the h...

Economies with record-breaking inflation

Highlights The Consumer Price Index (CPI) for a large variety of goods and services across most countries is climbing faster than expected. The pr...

Crude oil hits fresh seven-year high amid Russia-Ukraine tension

Highlights Crude oil prices rose on Monday. The comments from the US about a forthcoming attack by Russia on Ukraine have shocked the worldwide fi...

How Labor pip Liberals to pass religious discrimination bill       

Highlights  The contentious religious discrimination bill was passed by the lower house on Several Liberal MPs crossed the floor against the...

Rising shipping costs affecting UK businesses

Highlights  Labour shortages, Covid restrictions, and strain on logistics networks led to a rise in shipping costs and significantly lengthene...

Can China’s zero-Covid curbs hurt global growth?

Like many other nations like Australia and New Zealand, China adapted the “zero-Covid” policy as the deadly COVID-19 pandemic entered our...

US investors switch to dividend funds, dump bonds

US investors are picking up dividend funds as they seek an alternative to the bond market amid rate fears, Reuters reported. The market worries have d...

Consumer spending down due to Omicron, but things are looking positi...

Highlights Omicron has caused significant decline in household spending. Inflation and higher labour costs have impacted business conditions in Au...

Kiwis fret as fuel prices reach $3 per litre

Highlights Fuel price increase to cause additional burden on Kiwis’ pockets The Government says that it is due to an increase in Brent Crude...

US employers add 467,000 jobs in January, jobless rate steady at 4%

Highlights While hirings and steady wage gains boosted consumer spending, inflation remained a concern. The strong January hirings showed employer...

Cost of living crisis: Bank of England expected to hike interest rat...

Highlights Britons and economists are expecting the Bank of England’s Monetary Policy Committee (MPC) to hike interest rates again on Thursda...