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Category: News


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Russia’s revenue falls sharply in January from year earlier

February 6, 2023

Via: ABC News

Russia’s finance ministry said Monday that budget revenue in January was 35% lower compared with the same month in 2022, the last month before Russia sent troops into Ukraine. The ministry also said the budget deficit for January was 1.77 […]


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Norway looks to donate $7.3 billion in aid to Ukraine

February 6, 2023

Via: ABC News

Oil-rich Norway is looking to donate 75 billion kroner ($7.3 billion) to Kyiv as part of a five-year support package that would make the Scandinavian country one of the world’s biggest donors to war-torn Ukraine, the Norwegian government said Monday. […]


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IMF upgrades outlook for the global economy in 2023

January 31, 2023

Via: NBC News

The outlook for the global economy is growing slightly brighter as China eases its zero-Covid policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia’s ongoing war against Ukraine. That’s the view […]


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Grocery inflation hits new record level, adding £788 to annual bill

January 31, 2023

Via: Sky News

The Kantar Worldpanel agency reported an annual rate of 16.7% during the four weeks to 22 January. It marked a steep increase on the 14.4% seen in December, when discounting by chains in the run-up to the festive season helped […]


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USD Breaking News: PCE Price Index Declines Adding Further Pressure on the DXY

January 27, 2023

Via: DailyFX

Core PCE prices in the US, which exclude food and energy, went up by 0.3% month-over-month in December of 2022, picking up from the 0.2% increase in the prior month and in line with market estimates. Prices for goods increased […]


News

UK PMIs Add to Disappointing Data Ahead of BoE Meeting, GBP Lower

January 24, 2023

Via: DailyFX

After December’s impressive services PMI print, markets hoped for another encouraging print for January given a slightly improved outlook now that inflation appears to be headed in the right direction. This wasn’t to be the case as the new year […]


News

Consumer Prices Plateau as Inflation Slows to Prepandemic Levels

January 20, 2023

Via: The Wall Street Journal

After a period of steep inflation, Americans have seen monthly price growth ease, but when will things get back to normal? The inflation benchmark, measuring price growth over a year, hit a 40-year high in June after months of sustained […]


News

The worst is not yet over for consumers despite peaked inflation

January 18, 2023

Via: Sky News

A second consecutive monthly fall from October’s high of 11.1% suggests price rises may have peaked and the descent towards less corrosive rates, perhaps below 6% by the middle of the year, has begun. Some of this will be down […]


News

Data reveals jobs market tipping point that will worry ministers as much as employers

January 17, 2023

Via: Sky News

Average pay rose 6.4% in the three months to November, the strongest growth in 20 years excluding the pandemic period, but there’s a chasm between public and private earnings. Private sector settlements ran at 7.2%, the upward pressure driven largely […]


News

Analysis-Russia may hike taxes as military spending, oil price weigh on budget

January 13, 2023

Via: Investing.com

Russia is becoming too dependent on oil revenues to support its budget as it ramps up military spending, economists said, warning that the government may have to raise taxes if prices of crude fail to meet expectations this year. The […]


News

China’s Export Decline Deepens, Threatening Growth

January 13, 2023

Via: The Wall Street Journal

The export boom that carried China’s economy through much of the Covid-19 pandemic has lost momentum, adding urgency for Beijing to seek growth drivers elsewhere as the global economy struggles. The decline for Chinese exports got steeper in the final […]


News

Inflation cooled off in December to 6.5%, but the Fed is likely to keep hiking interest rates

January 12, 2023

Via: NBC News

Price growth in the United States cooled in December as the economy continued to show signs of weakening. Inflation landed at 6.5% compared to the 12 months prior. That figure was in line with analysts’ expectations, and a decrease from […]


News

CPI Breaking News: US Headline CPI 6.5%, Core at 5.7% – In line with Estimates

January 12, 2023

Via: DailyFX

Food prices rose 0.3% in December while the energy index declined 4.5%, as energy and gas prices continue to drop at the pumps. The biggest contributor to the index, shelter, contributed 0.8% to the overall monthly change from November. “The […]


News

HMRC failing to collect £42bn in taxes – MPs say windfall could fix ‘black hole’ in UK’s finances

January 11, 2023

Via: Sky News

An “eye-watering” £42bn is outstanding in tax debt, with about 5% of tax owed each year failing to be collected by HMRC, according to the Commons Public Accounts Committee. The Liberal Democrats labelled the amount “absolutely staggering” as the country […]


News

Estonia Inflation Jumps To 19.4% In 2022

January 6, 2023

Via: Markets Insider

Estonia’s consumer price inflation accelerated sharply in 2022, mainly due to higher housing-related prices, while price growth slowed in December, preliminary figures from Statistics Estonia showed on Friday. Consumer price inflation surged to 19.4 percent in 2022 from 4.6 percent […]


News

Dutch Inflation Lowest In 6 Months On Energy Price Slowdown

January 6, 2023

Via: Markets Insider

The Netherlands’ consumer price inflation eased further in December to the lowest level in six months, largely due to a slowdown in the price growth of energy, preliminary data from the Central Bureau of Statistics showed on Friday. The consumer […]


News

Applications for US unemployment aid rose slightly last week

December 29, 2022

Via: ABC News

The number of people seeking unemployment benefits rose only slightly last week with the labor market remaining strong despite the Federal Reserve’s efforts to cool the economy and hiring. Applications for unemployment aid for the week ending Dec. 24 climbed […]


News

Here’s what saved the economy in 2022

December 29, 2022

Via: NBC News

The first two quarters of 2022 began with negative growth in the gross domestic product. It seemed as if we were headed into a recession. The Fed had to tame inflation that was getting out of control, so it raised […]


News

Active vs Passive Investing: Top Stock Investing Tips

December 28, 2022

Via: DailyFX

WHAT IS ACTIVE INVESTING? Active investing is the process by which a portfolio manager selects suitable investments based on the independent valuations in order to outperform a specific benchmark index or percentage return. WHAT IS PASSIVE INVESTING? Passive investing is […]


News

Thai economy may hit 2023 growth goal if Chinese tourists come- Finance Minister

December 27, 2022

Via: Investing.com

Thailand’s economy may accelerate next year and hit the 3.8% growth forecast provided its vital tourism sector will get a boost from China’s reopening plans needed to offset slowing global demand, the finance minister said on Tuesday. Growth in southeast […]