LONDON/SINGAPORE—Sterling edged up on Tuesday after data showed the pace of pay growth in Britain, closely watched by the Bank of England as it gauges how much higher to raise interest rates, accelerated again. The yen was perched near seven-month highs as investors held their breath for a potential policy shift at the Bank of…
Sterling Rises on UK Job Data, Yen Near 7-month High as BOJ Decision Looms
Oil Prices Mixed on Chinese Data and Demand Growth Hopes
January 17, 2023
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LONDON—Oil prices were mixed on Tuesday after China posted its second-weakest annual economic growth in nearly half a century, though its recent shift in COVID-19 policy underpinned hopes of a recovery in fuel demand this year. Brent crude futures rose 69 cents, or 0.8 percent, to $85.15 a barrel by 0913 GMT. U.S. West Texas…
World Shares Slip as China Says Economy Slowed Further
January 17, 2023
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BANGKOK—World shares were mostly lower Tuesday after China reported its economy expanded at a 3 percent pace last year, less than half 2021′s rate. European shares declined and Asian shares were mixed as investors watched to see if Japan’s central bank will alter its longstanding policy of keeping its key interest rate at minus 0.1…
LIVE NOW: NTD Evening News (Jan. 16): Global Recession Likely in 2023: World Economic Forum Economists; Biden Criticizes GOP in MLK Speech
January 16, 2023
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Two-thirds of economists surveyed by the World Economic Forum, which kicked off its annual meeting on Jan. 16 in Davos, Switzerland, say a global recession is likely to happen in 2023. Over the weekend, the White House announced it had found five additional pages of documents at President Joe Biden’s home. Mayor Eric Adams said…
NTD Evening News (Jan. 16): Global Recession Likely in 2023: World Economic Forum Economists; Biden Criticizes GOP in MLK Speech
January 16, 2023
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EpochTVillegal immigrantsJoe BidenLive VideosNTD Evening NewsrecessionUSUS NewsVideoWorld Economic Forum
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Two-thirds of economists surveyed by the World Economic Forum, which kicked off its annual meeting on Jan. 16 in Davos, Switzerland, say a global recession is likely to happen in 2023. Over the weekend, the White House announced it had found five additional pages of documents at President Joe Biden’s home. Mayor Eric Adams said…
Global Jobs Growth Will Halve in Challenging 2023: ILO
January 16, 2023
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LONDON—Global employment growth is expected to slow down sharply to 1 percent this year compared to 2 percent in 2022, hit by the economic fallout of the war in Ukraine, high inflation, and tighter monetary policy, the International Labor Organization (ILO) said on Monday. At the same time, the number of unemployed people in the…
Economic Slowdown to Force More Workers Into Poorly Paid, Low-Quality Jobs
January 16, 2023
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The economic slowdown in 2023 is likely to force workers to accept lower-quality, poorly paid jobs that lack job security and social protection. This was revealed in the International Labour Organization’s (ILO) World Employment and Social Outlook: Trends 2023 report. The report states that the COVID-19 pandemic and the resulting economic crisis have had a…
Dollar Steadies After Hitting 7-Month Low, All Eyes on Yen
SINGAPORE/LONDON—The dollar started the week on the back foot, hitting a seven-month low against a basket of major peers in Asian trade, with the yen in particular focus as traders ramped up bets the Bank of Japan will tweak its yield control policy further. The euro hit a fresh nine-month top of $1.0874 in early…
Shares Rise, Yen Climbs as BOJ Battles Bond Bears
January 16, 2023
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SYDNEY/LONDON—Shares firmed on Monday as optimism over corporate earnings and China’s reopening offset concerns the Bank of Japan (BOJ) might temper its super-sized stimulus policy at a pivotal meeting this week, while a holiday in U.S. markets made for thin trading. The yen climbed to its highest since May after rumours swirled the BOJ might…
Economists Warn Americans Recession Is Coming: ‘Don’t Be Fooled’
Two top economists said that despite contrary predictions, a recession will likely hit the United States in the near future. “Some economists argue that the strength of the labor market—as well as household balance sheets—will keep the economy strong enough to avoid a recession,” wrote Lakshman Achuthan and Anirvan Banerji, the co-founders of the Economic Cycle…
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