India’s central bank softened its pace of monetary policy tightening after inflation returned to the target band and the economy continued to remain resilient despite risks emanating from external environment. At the end of its three-day monetary policy meeting, the Monetary Policy Committee of the Reserve Bank of India decided to raise the policy repo rate by 25 bps to […]

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video Housing market building ‘uncertainty’ around where pricing is going: Kirsten Jordan Real estate agent Kirsten Jordan discusses how falling mortgage rates are stirring housing market demand. Activity in the housing market showed a rebound in the past week as mortgages rates fell for a fifth straight week. The 30-year fixed mortgage rate inched lower to 6.18%. The Purchase Index […]

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Equinor ASA (EQNR), a Norwegian petroleum company, on Wednesday reported a surge in earnings for the fourth-quarter, amidst an increased demand, especially from gas and power. In addition, for 2023, the company has announced a share buyback program of up to $6 billion, including shares to be redeemed from the Norwegian State. For the final-quarter of 2022, the energy firm […]

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The Philippines’ consumer price inflation accelerated unexpectedly at the start of the year to the highest level in just over fourteen years, largely driven by higher costs for utilities and food products, data from the Philippine Statistical Authority showed on Tuesday, raising the likelihood of yet another rate hike from the central bank next week. The consumer price index, or […]

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The UK construction sector posted another contraction in January as rising interest rates and high inflation led to the steepest fall in house building since early 2020, survey results from S&P Global showed Monday. The Chartered Institute of Procurement & Supply construction Purchasing Managers’ Index fell to 48.4 in January from 48.8 in December. This was the biggest decline since […]

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Transurban (TCL.AX, TRAUF), an Australian developer and operator of toll roads networks, reported Tuesday that its first-half profit was A$55 million, compared to last year’s loss of A$106 million. On a pre-tax basis, loss was A$42 million, narrower than last year’s loss of A$261 million. Total revenue climbed to A$2.03 billion from A$1.30 billion a year ago. Toll revenue was […]

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Russia’s latest budget update shows the price caps on its oil are starting to bite even before the more recent caps on its diesel and other refined products take effect. Official data released by Russia’s Ministry of Finance on Monday show that the budget deficit in January was 1.76 trillion roubles (about $36 billion), with revenue from oil and gas […]

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Of all the factors that will determine the standard of living most Aussies enjoy in their sunset years, home-ownership status and superannuation balance at retirement stand head-and-shoulders above the rest. And of those two, owning a home remains by far the more important. Renting retirees are at great risk of poverty, whereas most people who can live rent-free in retirement […]

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video After a strong January, what’s next in the fight on inflation? Host Gerry Baker breaks down January’s economic barometers and discusses it with guests American Spectator contributing editor Deroy Murdock and founder of the Bahnsen Group, David Bahnsen on ‘WSJ at Large.’ Treasury Secretary Janet Yellen on Monday said she sees a path in which the U.S. economy avoids […]

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After reporting a contraction in U.S. service sector activity in the previous month, the Institute for Supply Management released a report on Friday showing activity rebounded by much more than expected in the month of January. The ISM said its services PMI jumped to 55.2 in January from a revised 49.2 in December, with a reading above 50 indicating growth. […]

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