UK Chancellor Unveils Tax Raises, Cost Of Living Support Amid Recession

UK Chancellor Jeremy Hunt on Thursday announced tax measures that would raise billions, spending cuts and cost of living support measures for households and businesses struggling with soaring energy bills as he confirmed the economy is in a recession. Headline inflation rate is forecast to be 9.1 percent this year and 7.4 percent next year, Hunt said in his autumn […]

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Philippine Central Bank Raises Rate By 75 Bps

The Philippine central bank raised its benchmark rate by 75 basis points, as widely anticipated, to support the weakening peso and fight inflation. The Monetary Board hiked its benchmark overnight reverse repurchase facility rate by 75 basis points to 5.00 percent. Accordingly, the interest rates on the overnight deposit and lending facilities will be set to 4.5 percent and 5.5 […]

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FAA OKs new $4.2 billion terminal at New York's JFK airport

video FOX Business Flash top headlines for November 17 Check out what’s clicking on FoxBusiness.com The Federal Aviation Administration (FAA) granted final environmental approval for construction of a new $4.2 billion terminal at New York City's John F. Kennedy International Airport, the state said on Thursday. New York state Governor Kathy Hochul said construction will begin early next year on […]

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Allianz Q3 Profit Rises; To Buy-back Up To EUR 1 Bln Of Shares

Allianz SE (ALIZY), a German financial services provider, reported that its third quarter net income attributable to shareholders rose to 2.5 billion euros from the prior year’s 2.1 billion euros, as a result of operating profit growth and higher realized gains, primarily driven by the Voya transaction. Earnings per share were 6.02 euros up from 5.01 euros in the previous […]

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Your HECS debt could increase by $2000. Should you pay it off sooner?

In a normal year, many Australians who attended university likely give little thought to their HECS debt. After all, we’re told time and time again it’s a “good debt” – one with no interest, no particularly onerous repayments and a friendly creditor (the government). But 2022 isn’t any normal year, at least from an economic perspective. Inflation is running rampant, […]

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Deadline for South Carolina Tax Rebate Past, But You Can Still Claim It

South Carolina taxpayers had until November 1 to provide their updated information to the state authorities to get the $700 tax rebate. Although the November 1 deadline has passed, taxpayers can still furnish their information, if they haven’t already, to get the South Carolina tax rebate. However, the tax rebate for such taxpayers could be delayed a bit. Deadline Over […]

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‘Only if the return stacks up’: Super funds will demand sweeteners to back Labor housing plan

Key points A key plank of the federal government’s budget announced last week was the National Housing Accord, which will explore ways to facilitate superannuation and institutional capital investment in social and affordable housing.  Experts say there will be complications in structuring the proposals in a way that is attractive for superannuation funds, which haven’t historically invested in housing.  The […]

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Feds bust 21 in nationwide catalytic converter theft ring, seek $545 million in forfeitures

video Catalytic converter theft ‘epidemic’: Car part targeted for resale of precious metals FOX Business’ Grady Trimble speaks with Joe’s Expert Auto owner Joe Betancourt in Chicago, Illinois, about the rise in crooks stealing catalytic converters. The Department of Justice announced charges against 21 people on Wednesday accused of running a nationwide catalytic converter theft ring from California to New […]

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Is Xi Jinping about to do a U-turn on his damaging COVID policies?

A wave of speculation that China’s harsh zero-COVID policies might be lifted swept through China’s financial markets on Monday. That might be wishful thinking but the vehemence of the response by investors underscores how damaging the policies have been to China’s economy and companies. The speculation was sparked by social media posts that suggested that a committee had been formed […]

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