Category: Economy

UK lenders are set to tighten their credit conditions, applicable to both secured and unsecured lending to households in the first quarter of the year, the latest Credit Conditions Survey from the Bank of England showed Thursday. Banks reported a fall in the availability of secured credit to households in the fourth quarter and they […]

Germany’s economic sentiment turned positive in January for the first time in nearly a year, underpinned by more favorable energy market conditions, government energy price caps, and a better export situation as a result of China’s current measures to lift Covid pandemic restrictions, survey results from ZEW research institute showed on Tuesday. The ZEW Indicator […]

Geoeconomic fragmentation would cost the global economy up to 7 percent of economic output and this could go up to 12 percent in some countries in case of additional technological decoupling, the staff report from the International Monetary Fund showed Monday. IMF staff cautioned that the world is facing the risk of policy-driven geoeconomic fragmentation […]

India’s wholesale price inflation continued its easing trend in December to the lowest level in twenty-two months, thanks to the continued fall in food prices, provisional data from the Ministry of Commerce and Industry revealed on Monday. The wholesale price index climbed 4.95 percent year-over-year in December, slower than the 5.85 rise in November. Economists […]

Sixty-six million people get Social Security payments each month. Almost 48 million retirees are beneficiaries of these. This translates to 9 out of 10 Americans who are 65 or older. Not all of these people live in the US. Over 695,000 live in other countries. Of those, 109,624 live in Canada. The Canada number should […]

China’s exports declined at a faster pace at the end of the year as the global demand weakens amid fears of a recession, and also due to the domestic pandemic-related restrictions that continued to disrupt the industrial activity. The annual decline in exports worsened to 9.9 percent in December from 8.9 percent in November, the […]

Eurozone economic confidence strengthened to a four-month high in December on widespread improvements across trade, services, industry, and construction and among consumers. The economic confidence index rose more-than-expected to 95.8 in December from 94.0 in November, survey results published by the European Commission showed Friday. The latest score was the highest in four months and […]

A report released by the Commerce Department on Thursday showed the U.S. trade deficit narrowed significantly more than expected in the month of November. The Commerce Department said the trade deficit shrank to $61.5 billion in November from a revised $77.8 billion in October. Economists had expected the trade deficit to narrow to $74.0 billion […]

Indonesia’s central bank decided to raise its key interest rate for the fifth policy session at its December meeting, though at a slower pace than in the previous months, as inflation came off slightly from highs due to a modest easing in energy prices and the pace of economic growth is forecast to slow next […]

Branded food company General Mills, Inc. (GIS) reported Tuesday a profit for the second quarter that edged up 1 percent from last year, driven by improved gross margins and 4 percent net sales growth. Both adjusted earnings per share and net sales topped analysts’ estimates. The company also raised its adjusted earnings and organic net […]