Financial Services

China trade shrinks amid virus pressure, interest rate hikes
Dec 7, 2022

China trade shrinks amid virus pressure, interest rate hikes

China’s imports and exports shrank in November under pressure from weakening global demand and anti-virus controls at home


China November trade sinks under virus pressure, rate hikes
Dec 7, 2022

China November trade sinks under virus pressure, rate hikes

China’s imports and exports shrank in November as global demand weakened and anti-virus controls weighed on the second-largest economy


US futures flat as strong data dents hopes for a dovish Fed
Dec 6, 2022

US futures flat as strong data dents hopes for a dovish Fed

U.S. futures were essentially flat one day after markets tumbled on surprisingly strong economic reports that highlighted the challenges the Federal Reserve faces in battling inflation


Asian shares lower as strong data hit hopes for dovish Fed
Dec 6, 2022

Asian shares lower as strong data hit hopes for dovish Fed

Stocks are mostly lower in Asia after Wall Street pulled back as surprisingly strong economic reports highlighted the difficulty of the Federal Reserve’s fight against inflation


Investors press railroads to add sick time for workers
Dec 5, 2022

Investors press railroads to add sick time for workers

The major freight railroads now face pressure from investors to add sick days after Congress declined to require them as part of the contracts they imposed last week to avert a potentially devastating nationwide rail strike


Dec 5, 2022

US stocks slide as investors weigh economic data, Fed policy

Stocks are broadly lower on Wall Street as investors weigh a surprisingly good economic report that highlights the Federal Reserve’s difficult fight against high inflation


Dec 5, 2022

Turkish inflation eases for 1st time in more than a year

Annual inflation in Turkey has eased slightly in November for the first time in more than a year, but remains close to 24-year highs


EXPLAINER: Can Ukraine pay for war without wrecking economy?
Dec 3, 2022

EXPLAINER: Can Ukraine pay for war without wrecking economy?

Ukraine has won victories on the battlefield against Russia but faces a looming challenge on the economic front


Asian shares sink on revived worries over recession, China
Dec 2, 2022

Asian shares sink on revived worries over recession, China

Shares have retreated in Asia after a mixed day on Wall Street


An inflation gauge tracked by the Fed slows to still-high 6%
Dec 1, 2022

An inflation gauge tracked by the Fed slows to still-high 6%

A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed’s intent to keep raising interest rates to cool the economy and slow the acceleration of prices



The Budget Report

Delivers the latest news of various finance and economic status in the ever-changing world economy to make sure everyone is up-to-date with the current trends.