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The Pakistan economy is expected to slow down to 3.5% in FY2023 amid the destroying floods, policy tightening, and critical efforts to overcome quite large fiscal and external imbalances, the Asian Development Bank (ADB) said in a report released Wednesday. The deceleration in the fiscal year 2023 (which ends on June 30, 2023) has been […]
Oil Prices Increase as Reopening of China helps Demand The price of oil began this week in a strong tone because the removal of COVID lockdowns in the big city of China increased optimism for the recovery of demand in the largest crude oil importer in the world. Chengdu-The Chinese megacity – which was the […]
US stocks closed higher as the inflation of producers slows down US stocks were closed higher on Wednesday, rebounds from large-magnitude losses recorded on the previous day, due to the improvement of producer inflation in August showed a slowdown. Producers’ inflation rose year-on-year to 8.7%, according to the Department of Labor. The latest figure is […]
Wall Street Continued its Fourth Consecutive Positive Sequence Wall Street continued its positive sequence on Monday, resulting in a sharp high close while investors awaited crucial inflation data which could provide clues about the duration and gravity of the Federal Reserve policy. Technology and Energy stocks helped three main US stock indexes touch the two-week […]
Shipping prices have decreased by more than 50 percent this year Shipping or freight rates continued to decrease as global trade volumes slow it down following the reduction in the demand for goods, showed the latest data from S&P Global Market Intelligence. Although the freight rates have also dropped due to the relaxation of the […]
German President: Poor people in danger of losing their homes German President Steinmeier, in his speech at the invitation, said on the occasion of the “homeless day”, said: “The poor, in particular families, who cannot pay their rent or service costs due to the rise in prices, are at risk losing their homes. In addition, […]
Bank of England Delayed Rate Decisions after the Queen’s death The British Central Bank said the Monetary Policy Committee (MPC) for rate adjustment will hold the next meeting a week later which was scheduled on Thursday because the British observes the national mourning period. Read Also: All you need to know about Queen Elizabeth II […]
According to a survey issued by the Federal Reserve Bank of New York on Monday, US inflation is expected to fall to the lowest level since February. The median expectation of one-year inflation dropped 0.6 percentage points to 6.2% in July, compared to 6.8% in June, the survey said. Three-year inflation expectations fell 0.4 points […]
The US Fed Chair Powell speaks live today pointing out that growth can be slower in dealing with soaring inflation. He also said at European Central Bank Forum on Central Banking 2022 in Sintra, Portugal that this world has been facing serious issues regarding the economy. Since the pandemic, the economy has been driven by […]