Philippine Central Bank Keeps Rate Unchanged

The Bangko Sentral ng Pilipinas kept its policy rates untouched on Thursday after an off-cycle rate hike in October and hinted at more tightening if required to steer inflation towards a target-consistent path. The Monetary Board, led by Governor Eli Remolona, maintained the target reverse repurchase rate at 6.50 percent. Accordingly, the interest rates on the overnight deposit and lending […]

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U.S. Consumer Prices Unchanged In October, Annual Growth Slows

With a sharp pullback in gasoline prices offsetting a continued increase in shelter prices, the Labor Department released a report on Tuesday showing U.S. consumer prices came in unchanged in the month of October. The Labor Department said its consumer price index was unchanged in October after climbing by 0.4 percent in September. Economists had expected consumer prices to inch […]

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Think investing is just a gamble? Only if you make it one

Save articles for later Add articles to your saved list and come back to them any time. “Investing in the sharemarket is like gambling.” I first heard this phrase as a teenager. Over the years, I would come to hear it many more times and by the time I reached adulthood, I had a well-ingrained fear of share market investing. […]

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Fading giant: Why China faces a difficult future

Save articles for later Add articles to your saved list and come back to them any time. The latest International Monetary Fund assessment of the state of China’s economy paints a more encouraging view of its near-term performance but highlights the longer-term structural challenges confronting its policymakers, complex threats that will be a brake on growth for years. The IMF […]

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China Manufacturing Activity Contracts On Falling Production

China’s manufacturing activity contracted in October as firms reported a fresh decline in production amid weak foreign demand, survey results released by S&P Global showed on Wednesday. The Caixin manufacturing Purchasing Managers’ Index dropped to 49.5 in October from 50.6 in the previous month. The sector contracted for the first time since July. There was a renewed fall in manufacturing […]

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HSBC Q3 Pre-tax Profit More-than Doubles; To Repurchase $3 Bln Of Shares

HSBC Holdings Plc (HSBA.L,HSBC), a British lending major, on Monday reported a surge in pre-tax earnings for the third-quarter of 2023, reflecting a positive impact of a higher interest rate environment and a rise in revenue. In addition, HSBC said: “We also intend to initiate a further share buy-back of up to $3bn, which we expect to commence shortly and […]

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How to ease repayment pain now rates could be higher for longer

Save articles for later Add articles to your saved list and come back to them any time. A rate cut before the end of next year could only be justified if inflation fell sharply or there was a deep recession, according to former RBA governor Ian Macfarlane recently. By the way, he expects neither. Meanwhile, last week new governor Michele […]

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U.S. Consumer Sentiment Slumps Much More Than Expected In October

Consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of October, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index slumped to 63.0 in October from 68.1 in September. Economists had expected the index to edge down to 67.4. “Assessments of personal […]

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