What does shrinking GDP mean for your home loan rate?
Photo: New Zealand’s economy being in worse shape than expected – and suffering through a deeper and longer…
Australia loses 5,400 jobs in August, unemployment steady at 4.2%. What’s deal with that?
Australia’s jobs report: What the latest numbers mean Australia’s labour market softened in August, with the economy losing…
US Federal Reserve cuts rates, indicates steady pace of further reductions
By Howard Schneider and Ann Saphir, Reuters New governor Stephen Miran, who joined the Federal Reserve on Tuesday,…
Africa’s top six central bank governors earn highest grades in Global Finance’s 2025 rankings
Global Finance’s Central Banker Report Cards 2025 has once again highlighted the pivotal role African central banks are…
Nicola Willis points to global turmoil as economy shrinks sharply
Finance Minister Nicola Willis is pinning the blame for the economy’s slump on “international turmoil and uncertainty” driven…
Hong Kong matches US Fed’s first rate cut of 2025, in boon for mortgage borrowers, economy
Hong Kong’s de facto central bank cut the city’s base rate for the first time this year, bringing…
Policy in place to spur services consumption
China has rolled out a new policy package to further drive growth in services consumption. Services consumption for…
The Sydneysiders saving thousands by leaving the city on ‘financial gap year’
Sydney schoolteacher Hayley Reynolds always wanted to work overseas, but it was never meant to be long-term. After…
Chinese Fiscal Spending Slowdown Persists in Risk for Growth
China’s government spending increased at a slower rate for the second straight month, underscoring how weaker fiscal support…
GDP falls 0.9% in June quarter
The New Zealand economy contracted in the second quarter of 2025, with gross domestic product falling by 0.9%…
China Doubles Down on Policy Drive to Boost Service Spending
China has launched a broad new initiative to boost spending on services, unveiling a raft of measures aimed…
Economy contracts sharply as GDP falls 0.9% in June quarter
Photo: 123RF Economy shrinks 0.9 pct in June quarter, -1.1 pct on year ago Expectations were for a…