Category: World

An unemployment problem, as normally understood, occurs when lots of people cannot find work. Northfield, a city in Minnesota with a population of 20,000, exemplifies the troubles that arise at the opposite end of the spectrum: when unemployment is so low that lots of businesses and organisations cannot find workers. Along with Utah, Minnesota has […]

A housing crash sent the global economy into recession between 2007 and 2009. But three countries—Australia, Canada and Sweden—cruised through the commotion. Even as property prices plummeted elsewhere, all three recorded double-digit growth. Some of this was good fortune. A commodities boom propped up the economies of Australia and Canada, for instance. But smart policy […]

Representative Image Wall Street’s main indexes ended Wednesday with solid gains after the Federal Reserve’s November meeting minutes showed interest rate hikes may slow soon. A “substantial majority” of policymakers agreed it would “likely soon be appropriate” to slow the pace of interest rate hikes, the minutes showed. “What equity markets needed to see for the recent […]

Asian shares tracked Wall Street higher on Thursday, buoyed by signals the U.S. Federal Reserve may slow the pace of interest rate hikes and news of fresh economic stimulus from China, with the dollar failing to recoup losses. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.8% in early trade, boosted by a 0.6% […]

In a parallel universe CloudWalk might have raised hundreds of millions of dollars in Hong Kong or New York. The firm is one of the world’s leading facial-recognition outfits: its technology can recognise people in milliseconds with astonishing accuracy. But modern geopolitics pushed it in another direction. America has sanctioned the firm for alleged human-rights […]

Asian share markets were mostly in positive territory on Wednesday despite rising COVID-19 cases in mainland China leaving investors uncertain over how much the fresh outbreaks could slow the reopening of the world’s second-largest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.3%, after U.S. stocks ended the previous session with gains. […]

Representative Image U.S. stocks rallied on Tuesday, with the S&P 500 closing at its highest level in 2-1/2 months, as a sales forecast by Best Buy dampened concerns high inflation would lead to a dismal holiday shopping season while a bounce in oil prices helped lift energy shares. Best Buy Co Inc (BBY.N) shot up 12.78% as […]

The dollar pulled back from strong overnight gains on Tuesday while oil took a pause from Monday’s retreat. Reuters November 22, 2022 / 09:45 AM IST Asian shares were on the defensive on Tuesday as a COVID-19 resurgence in China increased concerns that Beijing may reimpose strict pandemic curbs and that further restrictions could cause […]

Wall Street’s main indexes ended Monday roughly down on fears that China could resume stricter measures to fight COVID-19 after it said it faces its most severe test of the pandemic. Beijing said on Monday it would shut businesses and schools in hard-hit districts and tighten rules for entering the city, as infections ticked higher. “There is […]

Asian share markets turned hesitant on Monday as investors fretted about the economic fallout from fresh COVID-19 restrictions in China, while bonds and the dollar braced for more updates on U.S. monetary policy. Beijing’s most populous district urged residents to stay at home on Monday as the city’s COVID case numbers rose, while at least […]

Investors have swooned at the good news. Since early October European shares have risen, with optimists declaring an end to the continent’s energy crisis in sight. Chinese stocks have jumped at recent talk that Xi Jinping will abandon his “zero-covid” policy, and as regulators have loosened their curbs on the property sector. On November 10th, […]

Representative Image Wall Street’s main indexes ended modestly lower on Thursday in a choppy session as hawkish comments from a U.S. Federal Reserve official and data showing the labor market remained tight led some investors to worry about more aggressive interest rate hikes. St. Louis Fed President James Bullard said the central bank needs to keep raising […]

Since september, when a botched budget in Britain roiled markets enough to threaten giant pension funds, investors have been looking for other vulnerabilities that might cause markets to break. Emerging economies are a prime candidate. Historically, high American interest rates and a soaring dollar have triggered financial instability across the developing world. A few unlucky […]

Representative Image Wall Street’s main indexes ended lower on Wednesday as a grim outlook from Target spurred fresh concerns about retailers heading into the crucial holiday season, while semiconductor shares slid after Micron’s supply cut. Shares of Target Corp (TGT.N) tumbled 13.1% after the big-box retailer forecast a surprise drop in holiday-quarter sales. Retail stocks slumped broadly, including declines of […]