Tag: Economic

© Reuters. FILE PHOTO: Federal Reserve Chair Jerome Powell prepares to testify before a Senate Banking Committee hybrid hearing on oversight of the Treasury Department and the Federal Reserve on Capitol Hill in Washington, U.S., November 30, 2021. REUTERS/Elizabeth By Lewis Krauskopf NEW YORK (Reuters) – Investors are bracing for the last Federal Reserve meeting…

© Reuters. FILE PHOTO: Shoppers wear mask and fill Cologne’s main shopping street Hohe Strasse (High Street) in Cologne, Germany, 12, December, 2020. REUTERS/Wolfgang Rattay/File Photo WASHINGTON (Reuters) -Finance ministers from the Group of Seven rich nations will meet virtually on Monday to discuss the recent spike in inflation, among other matters, a source familiar…

© Reuters. FILE PHOTO: A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie/File Photo By Steve Scherer OTTAWA (Reuters) – The Bank of Canada will leave its inflation target at 2% in a framework renewal, shunning a major shift in monetary policy strategy similar to…

© Reuters. FILE PHOTO: Japan’s Prime Minister Fumio Kishida speaks to media at his official residence in Tokyo, Japan November 24, 2021. Mandatory credit Kyodo/via REUTERS/File Photo TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida vowed on Monday to ensure workers’ wage hikes through tax breaks to protect the economy from the impact of rising…

© Reuters. FILE PHOTO: Residential buildings under construction and a power station are seen near the central business district (CBD) in Beijing, China, January 15, 2021. REUTERS/Tingshu Wang/File Photo By Kevin Yao BEIJING (Reuters) -Advisers to China’s government will recommend authorities set a 2022 economic growth target below the one set for 2021, giving policymakers…

Salesforce.com  (CRM) – Get salesforce.com, inc. Report moved lower Wednesday as analysts reacted to the customer-relations-management-software provider’s weaker-than-expected fourth-quarter outlook.Shares of the San Francisco company were down nearly 5% to $271.40 at last check.Salesforce said third-quarter revenue rose 27% to $6.86 billion, helping deliver an adjusted bottom line of $1.27 a share. However, the company said fourth quarter profit…

CAVE CREEK, Ariz., Nov. 27, 2021 /PRNewswire/ — The first Cyber Monday deals of 2021 will be here before you know it. Do you think Black Friday Sales are gone? Do you think you have saved the most? No, guys. In Nadula hair mall, the big discount continues. Yes, you will be crazy about return promotion…

© Reuters. FILE PHOTO: A man walks past an Ant Group logo at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 8, 2021. REUTERS/Yilei Sun BEIJING (Reuters) -China’s central bank said on Friday it had accepted the application to set up a personal credit-scoring joint venture backed by Alibaba (NYSE:BABA)’s fintech affiliate Ant…

Bank of Korea Raises Rates Again, Sees Faster Inflation (Bloomberg) — The Bank of Korea raised interest rates for the second time since August as it tries to avert asset bubbles and prevent inflation from escalating further.  The central bank’s decision Thursday to lift the policy rate by 25 basis points to 1% was expected…

© Reuters. FILE PHOTO: A row of newly built apartment blocks is seen in the suburb of Epping, Sydney, Australia February 1, 2019. REUTERS/Tom Westbrook By Vivek Mishra BENGALURU (Reuters) – Australia’s soaring house price inflation rate will lose altitude next year and in 2023, but prices are still expected to rise in one of…