The European Central Bank left its key interest unchanged for a second straight session, as expected, and the bank lowered its inflation projections for this year and next. The Governing Council, led by ECB President Christine Lagarde, held the main refinancing rate, or refi, at 4.50 percent on Thursday, in the final rate-setting session this year. The deposit facility rate […]

The UK economy unexpectedly contracted in October as higher interest rates took its toll on activity, adding to expectations that the Bank of England is close to interest rate cuts. Gross domestic product shrank 0.3 percent in October, partially offsetting growth of 0.2 percent in September, the Office for National Statistics reported Wednesday. The fall was the first in three […]

The UK wage growth slowed more than expected in three months to October raising expectations that the Bank of England will cut interest rates as early as next June. Data from the Office for National Statistics showed that the unemployment rate stood at 4.2 percent in three months to October. This was unchanged from the preceding period and also matched […]

Save articles for later Add articles to your saved list and come back to them any time. Just three weeks from today, we will be well into the first week of 2024. The new year’s resolutions will still be fresh. People will be starting a new gym, a new diet, a new budget, or maybe all of them at once, […]

Save articles for later Add articles to your saved list and come back to them any time. This year’s near-doubling of the yuan’s share as a global payments currency has largely gone unremarked because the figures are still rather modest, and forecasts of the dollar’s impending demise have so far turned out to be greatly exaggerated. Besides, the world’s attention […]

Save articles for later Add articles to your saved list and come back to them any time. Many older Australians do not understand how the retirement system works, leaving them drawing down less of their super in retirement and enjoying a lower standard of living than they could be enjoying. Retirees are often only drawing down the legislated minimum amount […]

Independent identity partner Okta, Inc. (OKTA) reported Wednesday a net loss for the third quarter of $81 million or $0.49 per share, sharply narrower than $209 million or $1.32 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $79 million or $0.44 per share, compared to Nil in the year-ago quarter. Total revenue for the […]

Save articles for later Add articles to your saved list and come back to them any time. London: IFM Investors, the Australian super funds-owned infrastructure specialist, will pour almost $20 billion into Britain over the next four years. One of the world’s largest pension fund managers, the Melbourne-based group has been an investor in British infrastructure for nearly two decades, […]

Mothercare Plc (MTC.L), a British retailer focused on products for expectant mothers and children up to eight years of age, on Friday reported a rise in pre-tax profit for the first-half, amidst a decline in costs and expenses. However, the company registered a fall in revenue. For the six-month period to September 23, the retailer posted a pre-tax profit of […]

Singapore narrowed its growth projection for the current year citing subdued foreign demand but the pace of expansion is forecast to improve next year with the recovery in global economies. Given its performance in the first three quarters as well as the external and domestic conditions, the Ministry of Trade and Industry said the economy is set to grow around […]