A man walks past the People’s Bank of China (PBOC) building on Dec. 25, 2023 in Beijing, China. China’s central bank left a key policy rate unchanged as expected on Sunday when rolling over maturing medium-term loans, with uncertainties around the timing of an easing by the Federal Reserve limiting Beijing’s room to maneuver on monetary
Persson is currently the richest person in Sweden and the 116th richest in the world, with a net worth of US$16 billion, per the Bloomberg Billionaires Index. His father, Erling Persson, founded a women’s clothing store called Hennes in 1947, which later became Hennes & Mauritz (H&M). Stefan joined the company as head of UK
The housing market began 2024 in the doldrums as housing starts and permits for new construction both fell, the Census Bureau reported on Friday. Starts fell 14.8%, way more than the flat reading expected by economists. Permits fell 1.5%, in line with estimates. “A home building revival is coming, but it didn’t arrive in January,”
LOS ANGELES — The average long-term U.S. mortgage rate rose this week to its highest level in 10 weeks, a setback for prospective homebuyers ahead of the spring homebuying season. The average rate on a 30-year mortgage rose to 6.77 percent from 6.64 percent last week, mortgage buyer Freddie Mac said Thursday. A year ago,
Israel’s finance minister has slammed a decision by the financial ratings agency Moody’s to downgrade Israel’s credit rating By MELANIE LIDMAN Associated Press February 11, 2024, 9:12 AM ET • 3 min read TEL AVIV, Israel — Israel’s finance minister on Sunday slammed the decision by financial ratings agency Moody’s to downgrade Israel’s credit rating,
“The economy may be recovering at a slower pace, but it is still positive growth. We also have to think about the government’s ability to afford these measures financially.” Finance chief Paul Chan visits a Lunar New Year market in Causeway Bay on Friday. Photo: Yik Yeung-man The government gave residents vouchers for three consecutive
Navigating the Indian financial landscape can be akin to a thrilling yet complex journey. Amid the buzz around stocks and real estate, there lies a less talked about, yet crucial, investment avenue: debt instruments. For the discerning Indian investor, understanding and leveraging these instruments can be a game-changer. Let’s delve into why incorporating debt instruments
U.S. Treasury yields were mixed on Thursday as investors digested the latest interest rate decision from the Federal Reserve and clues about the path ahead for rate cuts. At 4:29 a.m. ET, the yield on the 10-year Treasury was down by over one basis points to 3.9462%, remaining below the 4% mark it had fallen
The Japan International Cooperation Agency (JICA) will allocate credit resources for the development of the leather industry in Uzbekistan, Azernews reports, citing Kun.uz News Agency. The republic’s delegation arrived on a working visit to Tokyo last week. The head of the association, Fakhriddin Boboyev, took part in a meeting with JICA Vice-President Sachiko Imoto, dedicated
U.S. Treasury yields declined on Monday as investors looked ahead to a week of key economic data and the Federal Reserve’s first interest rate decision of the year. At 4:09 a.m. ET, the yield on the 10-year Treasury was down by over five basis points to 4.1065%. The 2-year Treasury yield was last at around