The U.S. Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning toward eventual reductions in borrowing costs, but that cuts could be delayed as recent inflation numbers have strayed further from its two per cent target. Indeed, Fed Chair Jerome Powell said it was likely to take longer than previously expected for Fed officials … Read more
Nearly nine million Canadians lived in food insecure households in 2022, with 22.9 per cent of the population reporting some form of food insecurity, according to a Statistics Canada report released Friday. The data agency wrote in its annual Canadian Income Survey that 8.7 million people lived in households that reported some kind of food insecurity. … Read more
Last Updated: April 19, 2024, 10:21 IST Bajaj Auto To Roll Out Qute Quadricycles In Egypt. With a fleet of 500,000 three-wheelers already traversing Egyptian streets, Bajaj Auto aims to gradually transition towards quadricycles. Bajaj Auto, the leading two-wheeler and three-wheeler manufacturer, is not just speeding ahead in India but also making waves in Egypt. … Read more
LOWERING THEIR ASKING RENT Real estate agents told CNA that it has become harder to find tenants today, as there are more apartments available in the market. Last year, they could close a rental deal with just one viewing. This year, however, they have observed that it takes an average of 10 viewings before they … Read more
SINGAPORE: Standard Chartered Bank will be lowering the maximum interest rate on its Bonus$aver account to 7.68 per cent per annum from May 1, based on a check of its website on Tuesday (Apr 2). This is down slightly from 7.88 per cent – the highest offered by the savings account – when the bank … Read more
At its last policy meeting, the US central bank left its benchmark overnight interest rate unchanged while holding onto its outlook for three cuts in borrowing costs this year. Fed chair Jerome Powell has said the timing of the rate cuts still depends on officials becoming more confident that inflation will continue to decline towards … Read more
A senior Bank of Canada official says the need to improve productivity has reached an emergency level as the economy faces a future where inflation may be more of a threat than in the past few decades. In a speech, senior deputy governor Carolyn Rogers says an economy with low productivity can only grow so … Read more
The recent surge in cryptocurrency prices has been driven by retail investors, but institutions are starting to join in, Goldman Sachs’ head of digital assets Mathew McDermott said on Tuesday. Bitcoin, the biggest cryptocurrency, hit a new all-time high of $73,794 last week and has gained 50% so far this year, pulling other crypto prices … Read more
U.S. consumer prices increased solidly in February amid higher costs for gasoline and shelter, suggesting some stickiness in inflation that could delay an anticipated June interest rate cut from the Federal Reserve. The consumer price index (CPI) rose 0.4 per cent last month after climbing 0.3 per cent in January, the Labour Department’s Bureau of Labour Statistics … Read more
New Delhi: The country’s car industry has for the second time revised upwards its growth projections for this fiscal to more than 8%, nearly twice the rate projected at the start of the year. Passenger vehicle sales in the local market are expected to grow by 8.1-8.2% to 4.23 million units in FY24, buoyed by … Read more
