News – Page 207 – NATURALDEPOSIT

China suspends import of food and snacks from Taiwanese exporters

The Chinese government has suspended imports of cookies and pastries from 35 Taiwanese export companies. This has been in effect since yesterday (Aug. 1), ahead of U.S. House of Representatives Speaker Nancy Pelosi’s visit to Taiwan today. Of the 107 Taiwanese companies registered with the Chinese Customs under the Biscuits, Pastry, and Bread categories, 35 …

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unrecognizable black woman standing on subway platform

Number of job openings in the U.S. lower than expected in June

News

The U.S. Bureau of Labor Statistics released the Job Openings and Labor Turnover Rate (JOLTS) report, showing that labor market demand fell by 605,000 jobs in June to 10.7 million. This is the lowest level since September 2021. Employment fell 2% to 6.37 million. Voluntary layoffs stood at 4.2 million, while layoffs were at 1.3 …

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Hong Kong’s retail sales down 1.2% in June

News

According to government data released Tuesday, retail sales in Hong Kong fell 1.2% in June from a year earlier, following a 1.6% drop to HK$27.7 billion ($3.53 billion) in May.

Bank of Aussie raises interest rates to highest in 6 years, hopes to bring inflation to its target level

News

The Reserve Bank of Australia (RBA) raised its key interest rate by 0.50% to 1.85%, the highest level in six years, signaling that it may raise rates in the future. The RBA issued a statement after the meeting saying that today’s rate hike is an ongoing process to normalize monetary policy. And it is the …

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crop man refueling sports car in gas station

U.S. crude oil emergency stocks fall to lowest level in 37 years

Markets, News

The U.S. Department of Energy said Monday (Aug. 1) that crude oil inventories in the United States fell by 4.6 million barrels last week to their lowest level since May 1985. The information said that strategic crude oil stocks (SPR) fell to 469.9 million barrels in the week ending July 29. U.S. President Joe Biden …

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Thailand’s exports expected to rise by 6 to 8% this year

News

The National Shippers Group said today that Thai exports will grow by 6% to 8% this year, compared with a previous forecast of 5% to 8%, due to the weak baht and rising global demand. The chairman of the National Council of Shippers said exports, the main engine of growth, were up 12.7% year-on-year in …

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woman in green shirt and conical hat holding a knife

Myanmar sees large drop in employment

News

According to the International Labor Organization (ILO), 1.1 million fewer men and women are employed in Myanmar than in 2020, and in key sectors such as textiles they face work for which there are no absolute rules, excessive working hours and underpaid wages The ILO said labor productivity in Myanmar had declined by 2% in …

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Indonesia to tax nickel exports from third quarter

News

Indonesia plans to enact a tax policy on nickel exports in the third quarter of the year. The authorities are trying to increase revenue from exports. At the same time, they are promoting the production of more high-value products in the country. Indonesia, once a major exporter of nickel ore, banned exports of unprocessed nickel …

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Australian consumer confidence recovers after gasoline prices fall

News

A survey conducted by the Australian and New Zealand Banking Group (ANZ) and Roy Morgan found that Australian consumer confidence rose 2.1% last week. This is the third week in a row that the index has risen, as the price of gasoline has fallen and pressure on household budgets has been eased. Weekly inflation expectations …

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Inflation in South Korea near 24-year high in July

News

South Korea’s consumer price index rose by 6.3% year-on-year in July. Last month already saw the highest inflation in almost 24 years. Year-on-year, it had risen by 6.0% in June and reached 6.8%, the highest rate since November 1998. Annual core inflation (excluding volatile food and energy prices) rose by 3.9% in June.