Nov 4, 2024 | Markets
Central bank releases semi-annual Financial Stability Report Says banks well placed to manage rising loan defaults New Zealand’s central bank said the country is experiencing a pronounced economic downturn that could get worse. “Households have reduced their...
Nov 3, 2024 | Markets
Upmarket brands are scrambling to adjust strategy after being wrongfooted by the rapid downturn in Chinese spending. When LVMH CEO Bernard Arnault toured China in June last year, he visited a five-story site in Beijing where the company’s top brand Louis Vuitton...
Nov 1, 2024 | Markets
Some 41 counterparties tap RRP, the fewest since June 2021 Fed facility’s usage tumbled from $2.55 trillion peak in 2022 The amount of money investors park at a major Federal Reserve facility dropped below $200 billion for the first time since May 2021, reinvigorating...
Nov 1, 2024 | Markets
ISM’s factory index fell to lowest since July 2023 in October Production index monthly drop was most since April 2021 US manufacturing activity shrank in October for a seventh month to the lowest reading since July 2023, dragged down by a drop in production and...
Oct 31, 2024 | Markets
Estée Lauder Cos. pulled its guidance for the year, citing uncertainty over a new chief executive and weak demand in China. The shares plunged in New York trading. The New York-based company also cut its dividend “to a more appropriate payout ratio, which will also...
