Browsing: Economy

Investing.com — The People’s Bank of China held its benchmark lending rate steady on Thursday as expected, although focus remained on any future cuts as an…

Former Federal Reserve Chairman Ben Bernanke on Thursday said it was clear that the Fed will raise interest rates next week but after that the outlook…

SHANGHAI/SINGAPORE (Reuters) -China left its lending benchmarks unchanged on Thursday, after the central bank stood pat on a key policy rate earlier this week even as…

As China’s economic recovery continues to underwhelm, observers’ sights are turning from the country’s intractably weak consumer sector to the more worrying downturn in the enormous…

By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – Bank Indonesia (BI) will keep its key interest rate unchanged at 5.75% next week and leave it there…

President Joe Biden on Thursday touted the first sale of offshore-wind-power leases in the Gulf of Mexico as he spoke to workers in the key battleground…

U.S. mortgage rates inched lower this week, backing off from an eight-month high as inflation showed welcome signs of cooling.  Mortgage buyer Freddie Mac said Thursday…

SYDNEY (Reuters) – Australia’s biggest telecommunications company Telstra (OTC:) said on Thursday it planned to cut nearly 500 jobs due to changes from digitisation and automation,…

By Prerana Bhat BENGALURU (Reuters) – The European Central Bank will raise interest rates by 25 basis points on July 27, according to all economists in…

The numbers: Construction on new homes fell 8% in June, as U.S. homebuilders sharply slowed down starting on new single-family homes and focusing on finishing existing…