Browsing: Economy

Story developing. Stay tuned for updates. The numbers: Industrial production fell 0.6% in October, the Federal Reserve reported Thursday. The drop was larger than the 0.4%…

(Reuters) -Some of the major banks in the world expect global economic growth to ease further in 2024, squeezed by elevated interest rates, higher energy prices…

The numbers: Builder confidence fell in November for the fourth month in a row, in the face of weakening buyer demand as mortgage rates reached 8%. …

The Reserve Bank of India (RBI) has taken decisive action by superseding the board of Abhyudaya Co-operative Bank Ltd. today, citing concerns over its governance standards.…

Mortgage rates fell for the third week in a row on the back of early signs that inflation is slowing. The 30-year fixed-rate mortgage averaged 7.44%…

By Nqobile Dludla JOHANNESBURG (Reuters) – Johannesburg’s Mall of Africa was buzzing on Friday with bargain hunters pushing trolleys laden with groceries such as cooking oil,…

Economists have been talking about the possibility of a stabilization in the factory sector. Stan Honda/AFP via Getty Images The numbers: The Philadelphia Fed said Thursday…

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar slipped against a basket of currencies on Friday on news of steady U.S. business activity in November,…

The numbers: Construction of new homes rose 1.9% in October, as builders amped up new projects. The pace of construction increased as builders saw a pressing…

(Reuters) – Nations at U.N.-led talks agreed on Friday an interim 2030 goal for reducing emissions from international aviation through the use of sustainable aviation fuel,…