UK Chancellor of the Exchequer Jeremy Hunt will deliver the 2023 Autumn Statement on Wednesday, outlining the government’s fiscal plan for the year ahead. Hunt suggested that he will cut taxes on business to support economic growth. His options to cut taxes are limited as public debt now remains close to 100 percent of gross domestic product, which is the […]

Existing home sales in the U.S. tumbled by much more than expected in the month of October, according to a report released by the National Association of Realtors on Tuesday. NAR said existing home sales plummeted by 4.1 percent to an annual rate of 3.79 million in October after plunging by 2.2 percent to a revised rate of 3.95 million […]

Tokio Marine Holdings, Inc. (TKOMF.PK,TKOMY.PK), a Japanese insurance holding company, Friday posted a surge in net profit for the first half of 2023, amidst an increase in underlying and ordinary income. In addition, the company has revised up its annual outlook. For the six-month period to September 30, the company posted a net profit of 205.005 billion yen or 103.38 […]

Import and export prices in the U.S. both fell by much more than expected in the month of October, according to a report released by the Labor Department on Thursday. The Labor Department said its import price index slid by 0.8 percent in October after climbing by an upwardly revised 0.4 percent in September. Economists had expected import prices to […]

With a sharp pullback in gasoline prices offsetting a continued increase in shelter prices, the Labor Department released a report on Tuesday showing U.S. consumer prices came in unchanged in the month of October. The Labor Department said its consumer price index was unchanged in October after climbing by 0.4 percent in September. Economists had expected consumer prices to inch […]

Bilfinger SE’s shares were gaining more than 2 percent in the morning trading in Germany after the Industrial services provider Monday confirmed its fiscal 2023 forecast after reporting higher profit and revenues in its third quarter. The company noted that demand is stable across all regions and industries, while there is skepticism in the market regarding the German economy. Bilfinger […]

Save articles for later Add articles to your saved list and come back to them any time. China is suing for economic peace with the West. There is a whiff of conciliation in the air as Xi Jinping prepares to meet Joe Biden in San Francisco. “I think that we are not far away from a form of détente between […]

Continental AG (CTTAY.PK), a German automotive parts maker, on Wednesday recorded a profit for the third-quarter versus loss last year. However, the company posted a decline in revenue. In addition, the company has revised down its full-year sales guidance. Continental, said: “The improvement in earnings resulted in particular from the price adjustments made in response to inflation-related additional costs of […]

Germany’s industrial production declined for the fourth straight month in September and the downturn in construction deepened further, reinforcing fears of a recession at the end of the year. Industrial output registered a monthly fall of 1.4 percent, faster than the revised 0.1 percent drop in August, data published by Destatis revealed on Tuesday. This was the fourth consecutive decline. […]

The Labor Department released a report on Thursday showing an unexpected uptick in first-time claims for U.S. unemployment benefits in the week ended October 28th. The report said initial jobless claims crept up to 217,000, an increase of 5,000 from the previous week’s revised level of 212,000. Economists had expected jobless claims to come in unchanged compared to the 210,000 […]