Government approves €95 million in funding for greyhound and horse racing industries
Opposition TDs and an advocacy group claimed the funding is a “waste” of public funds.
Stock-market bulls are growing bolder: Now Deutsche Bank predicts the S&P 500 will hit a record 5,100 in 2024
Stocks will have another banner year in 2024, according to Deutsche Bank. The benchmark S&P 500 will climb 12% to hit a new all-time high of 5,100,
Bank of England is set to hold interest rates at a 15-year high despite worries about the economy
LONDON (AP) — The Bank of England is set to join its peers in the U.S. and Europe in keeping borrowing rates unchanged at its policy meeting Thursday despite mounting worries over the state of the British economy.
Government to unbundle TCN, considers gas pricing in naira
The Federal Government, yesterday, admitted that the state- controlled Transmission Company of Nigeria (TCN) remains the weakest link in the energy chain, and as such, must be split into two separate entities for efficiency. While the generation aspect of the power sector is controlled by the private sector, 40 per cent of each of the […]
Maruti offers massive discount on Jimny as sales continue to fall
With the demand waning, there has been a gradual decline in the volumes of the Maruti Suzuki Jimny.
UK Unemployment Rate rises to 3.9% in quarter to January vs. 3.8% expected
The United Kingdom’s (UK) ILO Unemployment Rate rose to 3.9% in three months to January, a tad higher than the 3.8% in December, data published by the Office for National Statistics (ONS) showed Tuesday.
Philippines keeps rates steady but price risks require policy to remain tight
MANILA :The Philippine central bank kept its benchmark interest rate steady at 6.50 per cent for a second straight meeting on Thursday as price pressures have started to ease, but said policy would have to stay "sufficiently tight" to bring inflation back to target. All but one of the 24 economists in a Dec.
BoE Survey: UK public inflation expectations for year ahead ease from 3.6% to 3.3% in November
UK public inflation expectations for the coming year are seen at 3.3% in November, down from a 3.6% figure estimated in August, the quarterly survey conducted by the Bank of England (BoE) showed on Friday.
National energy prices increase last December expected to stay around
National energy prices rose in December and are expected to remain high as hydro-lake inflows have dropped, causing pricier thermal generation to be fired-up.
Full list of UK areas where council tax will rise next year - and by how much
Labour-run Nottingham city council issued a Section 114 notice to become the fourth authority in the past 12 months – and the eighth in six years – to declare effective insolvency.
RFU: All debt from Covid-impact years paid off but 'significant loss' expected next year
The Rugby Football Union has paid off all its debts from the Covid-impacted years and reported an operating profit of £4m for 2022/23.
Private payrolls show better-than-expected growth of 143,000 in September, ADP says
Companies added 143,000 for the month, an acceleration from 103,000 in August and better than the 128,000 consensus forecast
Philips delivers strong order intake growth in the second quarter, margin improvement and sales growth; reiterates full-year outlook
July 29, 2024
Social Security’s cost-of-living adjustment for 2025 could be lowest in 5 years
The program’s COLA for 2025 could be as low as 1.4%, compared to 3.2% in 2024
Saudi Arabia extends cut in oil it sends to world in bid to boost prices
Opec+ members are working to bring oil prices back up amid market oversupply.
Singapore’s core inflation eases to 3.2% in November
Overall inflation fell to 3.6 per cent year-on-year in November, a drop from 4.7 per cent the previous month.
Domestic coal-based power generation rises 8.38% to 779.1 billion units in April-November
The domestic coal-based power generation increased 8.38%to 779.1 Billion Units (BU) in April-November FY24 , an official statement said
EUR/GBP hovers around 0.8670 ahead of the German employment data
The EUR/GBP cross sticks to the range-bound theme between 0.8665-0.8675 during the early European session on Wednesday.
The Federal Reserve will cut interest rates 6 times in 2024 as the economy shows clear signs of cooling down, ING says
Aaron Schwartz/Xinhua via Getty ImagesThe Federal Reserve is poised to cut interest rates six times in 2024, according to ING Economics.The interest rate
China new home prices inch up for third month in November - survey
BEIJING : China's new home prices rose slightly for a third straight month in November, a private survey showed on Friday, as the crisis-hit property sector struggles to stabilise despite a slew of government support measures.Prices rose 0.05 per cent on average from the previous month after gains of 0.07
Bolt let go off 5,000 Kenyan drivers in a period of 6 months
Over the past six months, Bolt has expelled 5,000 Kenyan drivers who failed to comply with safety regulations or have been involved in safety-related issues. The Estonian ride-hailing company discontinued affected driver accounts following a recent directive from the National Transport and Safety Authority (NTSA) of Kenya. In October, the NTSA asked…
3 Wind Stocks to Buy for a Sustainable and Profitable Future
Green energy demands are predicted to accelerate. Take part and take a look at these excellent wind stocks to buy.
Indian economy outperforming peers, projected to grow at 6.2% in 2024: UN
UNITED NATIONS, JANUARY 5: India is projected to grow at 6.2% in 2024, supported by robust domestic demand and strong growth in the manufacturing and services
US stocks trade mixed as investors gear up for jam-packed week of central bank meetings and economic data
US stocks trade mixed on Monday ahead of a jam-packed week filled with central bank meetings and economic data.The Federal Reserve, Bank of England, and
U.S. crude oil rises 3% on weaker dollar, slightly improved 2024 demand outlook
Oil prices rose Thursday, extending the previous session's gains on a slightly improved global demand outlook for 2024 and a weaker dollar.
Over 35K lose jobs at Indian startups, job cuts to continue in 2024
More than 35,000 people have lost jobs at Indian startups in the last two years, and job cuts will likely continue unabated as we enter 2024.
Third of house sales for cash with prices predicted to fall 2% in 2024
Around 32% home sales were for cash, compared with 20% on average between 2017 and 2022. The buyers are often older and wealthier.
Kamloops and Kelowna housing starts lagged behind rest of BC in 2023
Housing starts in BC were up 11% last year but they were flat in Kamloops and down 12% in Kelowna.The latest data from Canada Mortgage and Housing Corporation released today, Jan. 16, shows a drop in national housing starts of 7% for the year to 223,513.This comes at a time when there is a crucial housing shortage across the country, but it’s not all bad news.“Following record and near-record highs in 2021 and 2022, housing starts dipped in 2023, but still significantly outperformed expectations for the year,” CMHC’s chief economist Bob Dugan said in a news release.“The decline was driven mainly by a sharp drop-off in single-detached starts and tighter economic conditions affecting multi-unit starts in the year’s final quarter."The recent monthly multi-unit volatility is not surprising as we’re now starting to see 2023’s challenging borrowing conditions and labour shortages in the housing starts numbers and we expect to see continued downward pressure in the coming months.”BC had 47,894 housing starts last year.…
Indian ultra-rich individuals projected to rise 50 per cent by 2028: Knight Frank Wealth Report
Knight Frank Wealth Report 2024: According to the Knight Frank report, 90 per cent of Indian UHNWIs are expecting an increase in their wealth this year. Almost 63 per cent of these UHNWIs expect a significant increase of more than 10 per cent in their wealth.
PM talking up transformative GDP but what matters is annual growth rates over longer period: Congress
The Congress said that PM Modi and Finance Minister Nirmala Sitharaman are “repeatedly talking up” transformative GDP growth based on the recent July-September numbers but what matters more is annual growth rates over a longer period
UK construction sector grows at fastest pace in two-and-a-half years
The UK construction sector grew in September at its fastest pace in two-and-a-half years, according to a survey released on Friday.
Eli Lilly to build $4.5 billion research and manufacturing center to propel drug pipeline
Lilly has 11 obesity drugs in its pipeline and wants to develop more treatments for Alzheimer's disease, ALS and other brain diseases, CEO David Ricks said.
Japan Jibun Bank Services PMI came in at 50.8 below forecasts (51.7) in November
Japan Jibun Bank Services PMI came in at 50.8 below forecasts (51.7) in November
Billionaire hedge fund boss Ken Griffin to pay Manhattan cathedral up to $164 million for air rights to build new skyscraper
Citadel CEO Ken Griffin has struck a deal to buy St Patrick's Cathedral's air rights, per Bloomberg.The deal is part of plans to build a 1.7
Cyprus and Chevron reach a deal to develop an offshore natural gas field, ending years of delays
NICOSIA, Cyprus (AP) — The Cyprus government and U.S. energy company Chevron have reached a deal on how to develop the Aphrodite gas field, the first to be discovered under the seafloor off Cyprus, an official Friday. The field is estimated to hold 4.2 trillion cubic feet of gas.
Hutt City plans $15.9% rates increase, but “life is difficult for many ratepayers”
Press Release – Hutt City Council The Hutt City Council met yesterday to make decisions on key parts of the Long Term Plan (LTP) 2024 – 34. Mayor Campbell Barry said difficult decisions need to be made between now and next year’s LTP on where to prioritise spending.
Academy Museum Revenues Fall 24% in Second Year of Operation
The Academy Museum of Motion Pictures saw revenues decline from $24.7 million to $18 million in its second year of operation.
China plans to boost national compute capacity thirty percent by 2025
From 230 Exaflops to 300, with Tesla a part of the plan for energy storage, - and cars
4 Stocks to Buy to Benefit from Resilient Consumer Spending
As we head into 2024, some of the best stocks to buy won't be the Magnificent 7 but will instead be good value names in the retail space.
China defence contractors register stellar profit for fourth consecutive year in a row: SIPRI
China’s top-tier defence contractors outpaced their US counterparts in armed sales for the fourth straight year in 2022, Swedish think tank Stockholm International Peace Research Institute (SIPRI) said in its report on Monday (Dec 4). However, despite selling more than the US, China was still at the second spot in combined arms sales, the annual report released by SIPRI stated. Chinese companies combined arms sales accounted for 18 per cent share, while the US maintained its top spot with a staggering 51 per cent of the market share.
Nutrien expects to deliver higher sales, earnings in 2024 spurring market optimism
Nutrien Inc.’s latest earnings were met with market optimism based on forward-looking statements from the company, despite lower-than-expected fourth-quarter results, according to one analyst.
Bank of England to make interest rates announcement tomorrow - what to expect
Economists have predicted what will happen with interest rates as we move into the new year
Signs of a sector rotation — plus 2 more themes to watch in the stock market
These are the things with the potential to move stocks in the week ahead.
Mortgage rates dip below 7% as hopes for gradual thawing get boost from Fed
Mortgage rates, which fell for the seventh straight week, have been easing since late October, when they reached 7.79%, the highest level since late 2000.
Federal Reserve may shed light on prospects for rate cuts in 2024 while keeping key rate unchanged
Will the Federal Reserve cut its key interest rate sometime next year — and, if so, by how much.
High mortgage rates have limited opportunities for homebuyers and sellers. How that may change in 2024
A recent decline in mortgage rates has given prospective homebuyers and sellers more wiggle room. But experts say it will take more for the market to change.
India Gold price Wednesday: Gold keeps the red, according to MCX data
Gold prices fell in India on Wednesday, according to data from India's Multi Commodity Exchange (MCX).
PM talking up transformative GDP but what matters is annual growth rates over longer period: Cong
New Delhi, Dec 10 (PTI) The Congress on Sunday said Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman are “repeatedly talking up” transformative GDP growth based on the recent July-September numbers but what matters more is annual growth rates over a longer period. Annual average GDP growth rate during the UPA government was 8.1 […]
EUR/SEK: Downside potential in Krona seems to suddenly be limited – Commerzbank
An “invisible hand” in EUR/SEK? Economists at Commerzbank analyze the pair’s outlook.
Marsh McLennan on silent cyber in insurance – the gap threatening companies
Silent cyber risk can lead to uncertainty for both the insurer and insured around payment of claims caused by cyber events, says Spiros Fatouros, CEO of Marsh McLennan Africa.
last updated on 6 Nov 18:00