The National Association of Realtors released a report on Thursday unexpectedly showing a steep drop in U.S. existing home sales in the month of April. NAR said existing home sales plunged by 3.4 percent to an annual rate of 4.28 million in April after tumbling by 2.6 percent to a […]

Wix.com Ltd. (WIX), a cloud-based platform developer, Wednesday reported narrower loss for the first quarter of 2023 on higher revenues, especially from Creative Subscriptions and business solutions segments. First-quarter loss decreased to $10.63 million or 0.18 per share from a loss of $227.28 million or $3.95 per share last year. […]

Global information services company Experian plc (EXPN.L) reported that its profit before tax for the year ended 31 March 2023 was US$1.17 billion down from the prior year’s US$1.45 billion, due to a non-cash charge for the impairment of goodwill of US$179 million in EMEA, a decrease in net gain […]

Save articles for later Add articles to your saved list and come back to them any time. While long-suffering savers will likely be relieved to hear they can now earn more than 5 per cent interest on their cash, they may be less elated with the numerous hoops they may […]

China’s industrial production and retail sales expanded at faster rates in April but both missed expectations signaling that monetary policy easing might be needed to regain the strength experienced after the scrapping of zero-Covid policy. Industrial production posted an annual growth of 5.6 percent in April, faster than the 3.9 […]

Save articles for later Add articles to your saved list and come back to them any time. Have you noticed? There’s a contradiction at the heart of Treasurer Jim Chalmers’ budget. Is it helping or harming inflation? Both Chalmers and Reserve Bank governor Dr Philip Lowe are agreed that our […]

The British construction sector remained in expansion territory for the third straight month in April as rising volumes of commercial and civil engineering work were largely offset by a steep decline in the housing activity, survey results from S&P Global showed Friday. The Chartered Institute of Procurement & Supply construction […]

Save articles for later Add articles to your saved list and come back to them any time. Six years ago, almost to the day, I wrote a column for this publication with the headline: ‘Mortgage warning: 8 per cent is the new 17 per cent’. Well, guess what? We have […]

Save articles for later Add articles to your saved list and come back to them any time. With more time to think about it, it’s clear the review of the Reserve Bank is not the sweeping blockbuster shake-up overhaul we were told it was. Even if all its recommendations are […]

India’s service sector activity increased significantly in April to reach its highest level in over a decade, underpinned by strong demand conditions, results of the purchasing managers’ survey by S&P Global showed on Wednesday. The services Purchasing Managers’ Index, or PMI, climbed to 62.0 in April from 57.8 in March. […]