New Zealand House Prices Fall for Sixth Month as Rates Take Toll

Sep 4, 2024 | Markets

New Zealand house prices fell for a sixth straight month in August, weighed down by elevated interest rates and uncertainty over job security in a weakening economy, according to CoreLogic Inc. Values dropped 0.5% from July, when they declined a revised 1%, the...

Luxury Slump Leads Some Swiss Watchmakers to Seek State Aid

Sep 4, 2024 | Markets

Girard-Perregaux and Ulysse Nardin among brands getting help Work stoppages follow drop in demand for Swiss watch industry Swiss luxury watchmakers are turning to the government for financial aid to help them weather a downturn in demand. Girard-Perregaux and Ulysse...

Australia’s Economy Stays Subdued as Consumers Cut Spending

Sep 3, 2024 | Markets

Per capita GDP declined for a sixth consecutive quarter Household spending fell in quarter, detracting from GDP Australia’s economic weakness persisted in the three months through June as consumers hunkered down in the face of elevated borrowing costs and stubbornly...

S&P Is Watching New Zealand’s Current Account Gap, Weak Economy

Sep 3, 2024 | Markets

Analyst ‘broadly comfortable’ with sovereign rating outlook Interest-rate cuts expected to restore GDP per capita growth S&P Global Ratings is “broadly comfortable” with New Zealand’s sovereign rating outlook, though it’s closely watching the nation’s large...

Goldman Sees US GDP Hit If Trump Wins, Boost If Democrats Sweep

Sep 3, 2024 | Markets

Goldman economists lay out potential post-election effects Tariff policy, immigration measures seen as key elements Goldman Sachs Group Inc. economists gamed out the potential economic implications of a Republican or Democratic victory in the November elections,...