Economy

Pakistan’s Rupee Drops to Record Low in World’s Biggest Decline

Pakistan’s rupee dropped to a record low on Tuesday after the central bank continued to ease its grip on the currency as economic pressures mount.<p>The …

Pakistan

Why changes to South Africa's labour laws are an assault on workers' rights

The biggest changes to South Africa’s labour laws since 1995, shortly after the country’s first democratic elections, are currently being considered …

Rights & Freedoms

Treasury yields trade slightly higher as focus turns to bond-issuance rush, Fed meeting

Treasury yields inched higher on Tuesday but remained largely rangebound as investors shifted attention toward a wave in corporate bond and …

Business

How Warren Buffett's favorite stock-market gauge can help investors make smarter decisions

• <b>The Buffett Indicator is the ratio of a country’s stock market capitalization to the overall GDP of the country.</b>• <b><br>If the stock market is below 50% of the GDP, it is too low. Between 75% and 90%, the market is about right. Above 115%, it is overvalued on a relative basis.</b>• <b><br>In late 2017 the market is</b> …

Investing

First time dealing with credit card fraud? You got this

When Amanda Abella was 23, her wallet was stolen from her purse while she was at work. Before she realized it was missing, she began receiving texts from her bank about unusual account activity. It was the first time she had experienced fraud on her debit and credit cards.<p>Resolving fraudulent …

Business

Interest in Bitcoin Is Spreading ‘Like a Contagion,’ Says Nobel-Winning Economist Who Predicted the Housing Bubble

He also called for increased regulation.<p>Earlier this year, Nobel-winning Yale economist Robert Shiller called Bitcoin “the best example” of a …

Personal Finance

There’s Trump math and then there’s real math

No doubt, the trained professionals in the Treasury Department were embarrassed to see such a shoddy, rankly partisan document under their department’s name. Chalk it up to the further denigration of truth and destruction of the reputation of our federal government. Yesterday, Business Insider …

Opinion

Brazil Is Turning Its Fiascoes Into a Much-Needed Win

Latin America's largest economy was used to corruption and inflation. How will it handle good news?<p>Well, here are some things you don't see every day. A few headlines in Brazil are aligning to show Latin America's largest economy a path back toward confidence -- and, just possibly, to restore some …

Michel Temer

The 20 hardest to fill jobs in Australia

Most jobs advertised in Australia are filled within a month.<p>Analysis by Indeed, the global jobs site, shows that Australia, along with the UK, has a …

Business (Australia)

Factbox: Bold calls and Black Swans - how 2018 may surprise you

LONDON (Reuters) - Central banks are slowly (but surely) turning off the stimulus taps and many markets are at record peaks, yet judging by the extraordinarily low volatility across most asset classes, investors don’t seem at all worried about a looming collapse.<p>FILE PHOTO: A black swan swims in a …

Black Swans

British inflation soars to six-year high of 3.1%

British inflation has hit its highest level in almost six years, official data showed Tuesday, forcing Bank of England governor Mark Carney to …

Mark Carney

Tough day in tax cut land

<b>TOUGH DAY IN TAX CUT LAND</b> — Republicans remain likely to push their tax cut plan through conference and to President Trump’s desk perhaps by next week, as they hope. But the forecast for the bill’s impact on the debt is not getting any better.<p>After much criticism for producing no paper on the …

South Africa's revenue agency concerned about falling tax compliance

PRETORIA (Reuters) - The South African revenue service (SARS) is concerned about falling tax compliance as some tax payers have stopped paying their taxes over unhappiness with the government, the agency said on Tuesday.<p>South African bank notes featuring an image of former South African President …

South Africa

The Caboose Is Leading The Engine

This is a weekly series focused on analyzing the previous week's economic data releases.<p>The objective is to identify what are leading indicators of …

Business

Forex - Dollar Remains Moderately Lower Ahead of Fed Meeting

Investing.com - The dollar remained moderately lower against other major currencies on Tuesday, as investors were focused on the Federal Reserve's …

Forex

Pakistan rupee slides in effective devaluation

Pakistan's rupee slumped to a near four-year low against the U.S. dollar Tuesday, the latest move downward in an effective devaluation of the …

Business

Most Asian currencies dip on caution ahead of Fed meeting

(Reuters) - Most Asian currencies weakened against the dollar on Tuesday as caution prevailed ahead of an outcome from the U.S. Federal Reserve's policy meeting this week.<p>The dollar index, which tracks the greenback against a basket of six major peers, was up 0.07 percent at 93.932.<p>"We have seen …

Indian Rupee

How the Hampton Roads, Va., Job Market Became the Most Troubled in the U.S.

The latest U.S. jobs report shows robust hiring and historically low unemployment, though not all parts of the country are enjoying such sturdy growth.<p>The Hampton Roads area of Virginia has posted some of the steepest job losses in the country this year. The figures stand in sharp contrast to the …

Business

The Surprising Truth About Bonds And Interest Rates

I’ve been getting a lot of emails from readers worried about how closed-end funds (CEFs)—especially bond-oriented closed-end funds—will perform next year, when the Federal Reserve raises interest rates.<p>And that’s definitely a <i>when</i> and not an <i>if</i>—there is too much good economic data to suggest the Fed …

Finance

India’s Consumer Inflation Hits 15-Month High in November

Consumer prices in India rose to a 15-month high in November due to the ongoing seasonal surge in vegetable prices and an unfavourable base effect …

Consumer Price Index

UK real wages to drop in 2018 due to Brexit and inflation, report says

A combination of the effects of Brexit and rising inflation will push UK wages down next year, according to new research from US firm Korn Ferry.<p>A …

Presidents Don’t Control the Economy, but They Have a Strong Influence over It

A reply to Kevin Williamson.<p>Kevin Williamson’s recent article “Of Presidents and Economies” offers some excellent perspective on the limits of any …

Risks lurk as yen keeps BOJ from faster tapering despite stronger economy

TOKYO (Reuters) - Regardless of a return to solid economic growth, the risk of sharp appreciation in the yen means Japan's central bank would be in …

Haruhiko Kuroda

UBS Says China's Not Concerned About U.S. Tax Plan

December 12th, 2017, 3:54 PM UTC<p>Geoffrey Dennis, head of global emerging market strategy at UBS Securities, discusses the impact of U.S. tax reform …

Business

Housing demand strong again in November: B.C. Real Estate Association

A strong economy continues to elevate the demand for housing, according to the British Columbia Real Estate Association.<p>It reports sales in November …

Real Estate

Jerome Powell Vs. Janet Yellen

Likely direction of the Fed.<p>Composition of the FOMC in 2018.<p>Powell’s leadership and the gold market.<p>As expected, Donald Trump nominated Jerome Powell …

Business

Dollar holds breath before Fed meeting; sterling, krone rise

LONDON (Reuters) - The dollar drifted in narrow ranges on Tuesday after strong recent gains as the U.S. Federal Reserve geared up for a two-day policy meeting at which it is widely expected to raise interest rates for the fifth time since late 2015.<p>The British pound <GBP=D3> and the Swedish krone …

Business

How North Korea's Global Financing Web Works Around Sanctions

Researchers in Washington and South Korea have identified a number of business transactions that they say show North Korea’s international financing web is more sophisticated than what was widely known previously.<p>A report by the researchers also concluded that Pyongyang’s illicit global financial …

North Korea

U.S. producer prices rise strongly, point to firming inflation

WASHINGTON (Reuters) - U.S. producer prices rose in November as gasoline prices surged and the cost of other goods increased, leading to the largest annual gain in nearly six years.<p>The fairly strong report from the Labor Department on Tuesday suggested a broad acceleration in wholesale price …

Impact of Fed’s tightening will remain limited

December 12, 2017<p>The Federal Reserve has raised interest rates three times since the end of 2016, and in September announced a reduction of its …

Geopolitics