Compared to the Japanese yen, the dollar has strengthened by almost 16% this year. Japan and South Korea aren’t happy about the currency gap.
Huw Pill warns inflation could rebound as UK business survey signals economy strengthened over last monthThe prospects of a summer cut in UK interest rates have receded after the Bank of England’s chief economist said inflation must be squeezed out of the economy and cautioned against cutting too soon.After a key survey signalled strong sales across the private sector over the past month and the London stock market rose to a record high, Huw Pill said concerns remained that inflation, which is...
Consumers face the prospect of permanently higher interest rates amid geopolitical tensions and “slower globalisation”, a Bank of England official has warned.]]>
South Korean media have reported that North Korea's preparations to launch a military spy satellite are in the final stage. Pyongyang earlier said that last November's launch of its first military satellite, Malligyong-1, was successful. It announced plans to launch three more military reconnaissance satellites this year based on its five-year defense program. South Korea's Yonhap News Agency on Sunday quoted a government source as saying preparations are essentially completed. The assessment...
The compound archery team finals will be held on Saturday.
The Judo Bank is now forecasting the Reserve Bank will raise interest rates three times in 2024. This would see borrowers paying the highest rates in almost 16 years.
Judo Bank now predicts the Reserve Bank will raise interest rates three times in 2024 to levels not seen in 16 years - increasing the average mortgage repayment by $300 a month.The bank's chief economic adviser, Warren Hogan, forecast the key interest rate will rise to 5.1 percent by Christmas, from a 12-year high of 4.35 percent. Rate hikes in August, September and November this year would see the Reserve Bank of Australia's key interest rate reach levels last seen in December 2008 during the...
The People's Bank of China (PBoC) announced on Monday it will keep its one-year loan prime rate (LPR) unchanged at 3.45%. Additionally, the bank's five-year loan prime rate remained at 3.95%,
SPOILER ALERT! This post contains details from Thursday’s episode of Ghosts. Woodstone Mansion was in for quite the surprise on this week’s episode of Ghosts. The penultimate episode didn’t disappoint, revealing yet another ghost’s powers. It looks like Pete (Richie Moriarty) isn’t stuck on the property after all. Unlike everyone else, he isn’t bound by […]
THE world’s first artificial intelligence-generated beauty pageant is not receiving the alluring praise from techies that the event’s creators hoped for. AI creators will have an opport
The path for the Bank of England to cut interest rate cuts looks increasingly uncertain, particularly as the US Federal Reserve looks set to wait a while longer before loosening policy.
The Bank of Japan has decided to keep its monetary policy framework unchanged, as widely expected. The central bank held its interest rate settings steady, while it dropped a reference to buying roughly the same amount of government bonds as previously. Haslinda Amin reports on Bloomberg Television.