UK house prices rose at a much slower than expected pace at the start of the year, and prices fell from the previous month, results of the Nationwide survey showed, as buyer demand was damped by the prospect of reduced real earnings and higher mortgage rates as many households reel under the pressure of the cost-of-living crisis that is the […]

Further tightening in credit standards and weakening loan demand from households and businesses in the euro area suggest that the monetary transmission is in play in the real economy, which could prompt the European Central Bank to hit a pause on rate hikes in the coming months though the prospect of high inflation could damp such thoughts. Results of the […]

Higher-than-expected inflation will spell more pain for mortgage holders with the Reserve Bank of Australia likely to lift interest rates by a quarter of a percentage point at its meeting next Tuesday, taking the rate to 3.35 per cent. Martin North, the founder of Digital Finance Analytics, not only expects the RBA to lift the cash rate on Tuesday but […]

Dutch consumer electronics giant Philips Electronics NV (PHGFF.PK,PHG) reported Monday that its fourth-quarter net loss was 105 million euros, compared to last year’s profit of 151 million euros. Loss per share was 0.12 euro, compared to profit of 0.18 euro a year ago. Loss from continuing operations attributable to shareholders was 0.13 euro, compared to last year’s profit of 0.16 […]

First-time claims for U.S. unemployment benefits unexpectedly showed another modest decrease in the week ended January 21st, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged down to 186,000, a decrease of 6,000 from the previous week’s revised level of 192,000. The dip surprised economists, who had expected jobless claims to […]

(Adds Outlook) OSI Systems Inc. (OSIS) reported earnings for second quarter that decreased from last year but beat the Street estimates. The company’s earnings totaled $16.35 million, or $0.96 per share. This compares with $19.80 million, or $1.09 per share, in last year’s second quarter. Excluding items, OSI Systems Inc. reported adjusted earnings of $20.38 million or $1.19 per share […]

The National Association of Realtors released a report on Friday showing a continued decline in U.S. existing home sales in the month of December, although the decrease was much smaller than economists had expected. NAR said existing home sales slumped by 1.5 percent to an annual rate of 4.02 million in December after plunging by 7.9 percent to a revised […]

Japan consumer prices increased the most in 41 years in December driven by higher energy and food prices, official data showed Friday. Core inflation that excludes fresh food advanced to 4.0 percent, as expected, from 3.7 percent in November, figures from the Ministry of Internal Affairs and Communications showed. This was the strongest rate since 1981. Overall consumer price inflation […]

The Federal Reserve Bank of Philadelphia released a report on Thursday showing regional manufacturing activity has contracted at a slower rate in the month of January. The Philly Fed said its diffusion index for current activity climbed to a negative 8.9 in January from a negative 13.7 in December, although a negative reading still indicates a contraction. Economists had expected […]

Minnesota families with children could soon get thousands of dollars in tax breaks if a new proposal is approved. Gov. Tim Walz recently announced a $12 billion budget proposal with a series of measures focusing on kids and families, including sending a child tax credit from Minnesota. Child Tax Credit From Minnesota: What Does The Proposal Say? On Tuesday, the […]