China’s factory activity rebounded in November as sustained rise in new orders lifted production, survey results from S&P Global showed on Friday. The Caixin manufacturing Purchasing Managers’ Index, or PMI, rose to a three-month high of 50.7 in November from 49.5 in October. Economists had forecast the index to rise moderately to 49.8. The health of the sector strengthened for […]

Factory Purchasing Managers’ survey results from the euro area and the UK are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, the UK Nationwide house price data is due. House prices are forecast to fall 2.3 percent on a yearly basis in November after easing 3.3 percent in October. At 2.30 am […]

Save articles for later Add articles to your saved list and come back to them any time. The post-pandemic jobs boom for white-collar workers is coming to an abrupt halt, as rising interest rates and a slowing economy dampen hiring across the financial services sector. From finance, to professional services such as consulting, to technology, there are clear signs some […]

Save articles for later Add articles to your saved list and come back to them any time. If I sell my house, how much time do I have to buy another one before I lose my age pension? The short answer is two years but in certain special circumstances, it can be extended to three years. In late 2022, the […]

Save articles for later Add articles to your saved list and come back to them any time. I own my home and an investment property. I have $220,000 in super and am 54 years old. I work full-time on an average wage. I also have shares valued at $100,000. With my assets and age, what should I be focusing on […]

The ongoing downturn in the euro area private sector suggested that the region might have entered a shallow recession in the final quarter of 2023, according to the latest purchasing managers’ survey results released by S&P Global on Thursday. The HCOB flash composite output index rose to 47.1 in November from 46.5 in October. The reading was also above economists’ […]

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 […]