Bank of Canada Governor Hints at Accelerated Rate Cuts Amid Economic Slowdown Concerns

Sep 15, 2024 16:31 pm UTC| Business Economy

Bank of Canada Governor Tiff Macklem suggested that interest rate cuts could accelerate due to concerns over the economy and labor market. After maintaining high rates for a year, the bank has reduced rates by 75 basis...

China Faces Economic Slowdown as Experts Call for Urgent Stimulus to Meet Growth Target

Sep 15, 2024 12:41 pm UTC| Business Economy

Chinas economy showed significant signs of slowing in August, with factory output, consumption, and investment all falling short of expectations. Experts warn that without an aggressive stimulus, the governments 2024...

China’s Industrial Output Growth Hits Five-Month Low, Raising Concerns Over 5% GDP Target

Sep 14, 2024 15:46 pm UTC| Business Economy

Chinas industrial production expanded at 4.5% in August, marking its slowest growth in five months. The data, released by the National Bureau of Statistics, has placed the countrys annual economic growth target of around...

Japan Leadership Candidates Back Wage Growth, Differ on Strategies for Household Support

Sep 14, 2024 15:32 pm UTC| Business Economy

As Japans leadership candidates vie for the prime minister position, all contenders agree on continuing wage growth but differ on how to best support households amid rising prices. Some advocate for cash handouts, while...

Central Banking Series

Central banks should be independent of government. But our research shows they are under political pressure

Sep 14, 2024 08:04 am UTC| Insights & Views Economy Central Banks

In 2023, central banks, which manage the monetary policy of a country, faced unprecedented financial losses the US Federal Reserve alone reported a record US$114.3 billion (86 billion) operating loss. Losses like this...

$84bn lost to housing tax lurks? That would go a long way towards ending the housing crisis

Sep 14, 2024 08:03 am UTC| Insights & Views Economy

Australias deep housing crisis is causing enduring and widespread harm. A key impact is that it is increasing inequality. The children of parents who have paid off their mortgage and have disposal income are far more...

보잉 노동자 파업 예고, 노조 노동 계약 거부로 주가 하락

Sep 14, 2024 08:02 am UTC| Economy Business

보잉(Boeing) 공장 직원 3만 명 이상이 임금 인상을 요구하며 파업에 돌입할 예정이다. 미국 태평양 북서부 지역의 보잉 노동자들이 파업을 찬성하며 항공산업 대기업에 또 다른 도전 과제가 생겼다. 보잉 주가는 금요일 미국 프리마켓...