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Monthly archive November, 2022

UK Chancellor Unveils Tax Raises, Cost Of Living Support Amid Recession

UK Chancellor Jeremy Hunt on Thursday announced tax measures that would raise billions, spending cuts and cost of living support measures for households and businesses struggling with soaring energy bills as he confirmed the economy is in a recession.Original Read More →

Dollar Stays Weak Against Some Major Counterparts

The U.S. dollar is exhibiting some weakness on Wednesday with traders closely following the developments on the geopolitical front following the missile blast in Poland, and digesting the latest batch of U.S. economic data.Original Article Read More →

European Economics Preview: UK CPI & PPI Data Due

Consumer and producer prices from the UK are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK consumer and factory gate prices for October. Consumer price Read More →

New York Manufacturing Index Shows Notable Rebound In November

New York manufacturing activity has seen a notable rebound in the month of November, the Federal Reserve Bank of New York revealed in a report released on Tuesday. The New York Fed said its general business conditions index surged to Read More →

Slowdown In U.S. Consumer Inflation Pulls Down Dollar

The U.S. dollar moved down against its major rivals in the European session on Thursday, after a data showed that the nation's consumer prices increased less than expected in October, raising hopes for a slower pace of tightening by the Read More →

Malaysia GDP Expands At Fastest Pace In More Than A Year

Malaysia's economic growth rose to double-digit in the third quarter, which was the biggest in more than a year, on base effects and robust domestic demand, official data showed on Friday. Gross domestic product registered a sharp annual growth of Read More →