Tag: economic policies

Oil Rises on China Demand Hopes, US Inflation in Focus

January 12, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil rose about 1 percent on Thursday supported by optimism over China’s demand outlook and hopes that upcoming inflation data from the United States will point to a slower increase in interest rates. Top oil importer China is reopening its economy after the end of strict COVID-19 curbs, boosting optimism that demand for fuel will…

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Stocks Hold on to Gains Ahead of US Inflation Test

January 12, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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MILAN—World stocks held on to modest gains on Thursday on cautious optimism that U.S. data will confirm inflation is softening, while the yen rose with a report Japan will this month review the side-effects of its ultra-easy policy. A MSCI gauge of world stocks rose 0.2 percent to a four-week high by 0831 GMT ahead…

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Australian Consumer Watchdog to Probe Banks’ Deposit Rates Amid Concerns About Unfair Practices

January 11, 2023
Australiabig four banksBusiness & Marketsdeposit rateseconomic policieseconomyInvestmentJim Chalmerspersonal financeWorld
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Australian Treasurer Jim Chalmers has asked the country’s competition authority to investigate the deposit rates banks are offering savers due to concerns about the delays in rate increases. In an interview with the Australian Financial Review, the treasurer noted that consumers should have received a boost to their saving rates by now. “Banks should treat…

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Major Australian Union Pushes for Non-Members to Pay Up

January 11, 2023
ACTUAustraliaAustralian Manufacturing Workers UnionBusiness & MarketsCFMEUCompanieseconomic policiesWorld
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One of Australia’s largest unions wants to see non-union members pay them for any future successful negotiations for higher wages and conditions. This is despite union membership falling to an all-time low in 2022. Union membership has been on the decline in Australia for decades, and the Australian Manufacturing Workers Union—one of the country’s largest—would…

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New South Wales Labor to Address Affordability Crisis With $30 Million Build-to-Rent Scheme

January 11, 2023
AustraliaBusiness & MarketsChris Minnseconomic policieseconomyGlobal Real Estatehousing affordabilityInternationalreal estateWorld
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New South Wales (NSW) Labor has promised to deliver a $30 million (US$21 million) build-to-rent pilot scheme to increase the supply of rental homes to tackle the growing affordability crisis ahead of the next state election. “Teachers, doctors, and tradies are forced to live in cars in the regions because they can’t find rentals,” NSW…

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In ESG Debate, Some See Threat to Livelihood, Traditional Values

January 11, 2023
BrightBusiness & Marketscancel culturecoalcongressDefending Americaeconomic policieseconomyenergyEnvironmentESGExecutive BranchFeatured TopicsFederal-State RelationsGold and CommoditiesInspiredInvestmentKentuckyMarketsPoliticsrecessionRegional NewsRegional-Local NewsRepublicansScienceSocial Issuesstockstraditional valuesUSUS FeaturesUS NewsWest Virginia
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Charlie Masters, Kentucky farmer, has watched the prices rise. Diesel fuel and nitrogen fertilizer, two of the most critical ingredients for running his Fleming County beef and produce operation, are still costlier than just two years ago. That’s partly due to recent fluctuations in the prices of oil and natural gas. What’s behind those trends?…

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Record $33 Billion Budget Surplus Fuels Talk of ‘Largest Property Tax Cut in Texas History’

January 11, 2023
budgetBusiness & Marketseconomic policieseconomyinflationLocal Newsproperty taxRegional-Local NewsTexasUS
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Texas registered a record budget surplus during 2022–23 that topped earlier estimates by $5 billion and has triggered discussions on how best to utilize the excess funds, including using it for potential tax cuts and boosting the state’s infrastructure. The $32.7 billion budget surplus is higher than the $27 billion estimate which state Comptroller Glenn…

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Wall Street Opens Higher With Focus on Inflation Data

January 11, 2023
Business & Marketseconomic policieseconomyinflationMarketsrecessionstocksUS
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Wall Street’s main indexes opened higher on Wednesday as focus shifted to a key inflation reading due later in the week, which would provide clues on how aggressive the Federal Reserve’s monetary tightening could be this year. The Dow Jones Industrial Average rose 49.93 points, or 0.15 percent, at the open to 33,754.03. The S&P…

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Conservatives Celebrate ‘Significant’ Concession Wins During House Speaker Election

January 11, 2023
Business & MarketsConcessionsConservativeseconomic policiesKevin McCarthyPoliticsRepublicansUncategorizedUS
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After several days, 15 rounds of voting, and tough negotiations with 20 holdout Republicans, Rep. Kevin McCarthy (R-Calif.) was sworn in as speaker of the House of Representatives shortly after midnight on Jan. 7. Conservative groups declared a victory after the speaker offered several concessions to holdouts, the majority of whom are members of the…

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Market Impact From Brazil Riots Limited as Investors Worry About Fiscal Spending Explosion Under Leftist Lula

January 11, 2023
AmericasBrazil BolsonaroBusiness & Marketseconomic policieseconomyinflationLeftist Ideologylula administrationsocialist policiesworker's party brazilWorld
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Though the ongoing mass protests in Brazil are a cause of worry for investors, many are more concerned about the Lula government’s socialist economic policies, which they fear could worsen the fiscal spending situation and already-high inflation. Brazil has been seeing mass protests against President Luiz Inacio Lula da Silva ever since he assumed power…

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