Category: Economy

Save articles for later Add articles to your saved list and come back to them any time. While the rights and wrongs of the war in Gaza consume our ideological passions, a strategic blunder of the first order is unfolding on our doorstep. There is a real danger that a fickle and distracted West will […]

Save articles for later Add articles to your saved list and come back to them any time. The post-pandemic jobs boom for white-collar workers is coming to an abrupt halt, as rising interest rates and a slowing economy dampen hiring across the financial services sector. From finance, to professional services such as consulting, to technology, […]

UK mortgage approvals increased more than expected to a three-month high in October signaling a slowdown in the housing market downturn after the central bank kept interest rates unchanged in September and November. Net mortgage approvals for house purchases rose to a three-month high of 47,400 in October from 43,700 in September, the Bank of […]

SAS AB (SASDF.PK), a Swedish airline holding company, on Thursday registered a wider net loss for the fourth-quarter, amidst a significant depreciation of the Swedish Krona and an increase in jet fuel prices. However, the company registered an increase in revenue supported by an improvement in demand. For the three-month period to October, the company […]

Save articles for later Add articles to your saved list and come back to them any time. If I sell my house, how much time do I have to buy another one before I lose my age pension? The short answer is two years but in certain special circumstances, it can be extended to three […]

Save articles for later Add articles to your saved list and come back to them any time. Want to buy a home during a worsening affordability crisis? The first piece of advice is to choose Melbourne rather than Sydney, the second is to buy a unit rather than a house, and the third is to […]

Save articles for later Add articles to your saved list and come back to them any time. I own my home and an investment property. I have $220,000 in super and am 54 years old. I work full-time on an average wage. I also have shares valued at $100,000. With my assets and age, what […]

Federal Reserve officials expect to keep interest rates at a restrictive level for “some time,” according to the minutes of the central bank’s latest monetary policy meeting. The minutes of the October 31-November 1 meeting, released Tuesday afternoon, said participants agreed policy should remain restrictive until inflation is clearly moving down sustainably toward the Fed’s […]

The Federal Reserve Bank of Philadelphia released a report on Thursday showing a modest slowdown in the pace of contraction in regional manufacturing activity in the month of November. The Philly Fed said its diffusion index for current general activity rose to a negative 5.9 in November from a negative 9.0 in October, although a […]

Tokio Marine Holdings, Inc. (TKOMF.PK,TKOMY.PK), a Japanese insurance holding company, Friday posted a surge in net profit for the first half of 2023, amidst an increase in underlying and ordinary income. In addition, the company has revised up its annual outlook. For the six-month period to September 30, the company posted a net profit of […]