News – Page 270 – NATURALDEPOSIT

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Philadelphia Fed Reports Higher-than-Expected Manufacturing Index in January

The Federal Reserve Bank of Philadelphia’s Mid-Atlantic manufacturing index rose to minus 8.9 in January, up from minus 13.7 in December. Although the index is still below zero, indicating that the manufacturing sector in the Mid-Atlantic region is still contracting, this is a higher-than-expected result. The index has been shrinking for the fifth consecutive month. …

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US Initial Jobless Claims Drop Last Week

News

The Labor Department reported that initial jobless claims fell 15,000 to a seasonally adjusted 190,000 last week, while analysts expected an increase to 214,000. This marks a significant improvement in the labor market, with the number of applicants for unemployment benefits below the pre-COVID-19 weekly average of 215,000 in the United States. However, the US …

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Employment in Australia plummets, but economy still strong according to Australian Finance Minister

News

The Australian economy is still in a strong position, according to the Australian Finance Minister. However, employment numbers have dropped unexpectedly, according to data from the Australian Bureau of Statistics (ABS). In December 2022, employment numbers were down 15,000 positions from November 2022. Economists had predicted that the number of jobs would increase by about …

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Malaysia Keeps Interest Rate at 2.75%, Awaiting Impact of Four Consecutive Rate Hikes

News

The Bank of Malaysia has decided to keep its policy rate unchanged at 2.75% at a meeting today, saying it is evaluating the impact of four consecutive rate hikes in 2022. The decision was held against analysts’ expectations of the Malaysian central bank raising interest rates by 0.25% to 3%. The central bank stated that …

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BPP Plans to Develop Ammonia as a Co-Fuel in Thailand’s BLCP Power Plant

Education, News

Banpu Power Public Company Limited (BPP), a producer of quality electricity for a sustainable world with a balance of Thermal Power Business and Renewable Power Business in the Asia-Pacific region, has signed a Memorandum of Understanding (MOU) with Electricity Generating Public Company Limited (EGCO Group), BLCP Power Company Limited, JERA Co., Inc., Mitsubishi Corporation, and …

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Intel CEO: Microchip Readiness, Trade, and Investment to Dominate Global Politics in Coming Decades

News

At the World Economic Forum (WEF) in Davos, Switzerland, Intel’s CEO stated that the location of technology supply chains and where semiconductors are produced will be more crucial to global politics in the coming decades than oil. Intel’s recent investments in new manufacturing facilities in the US, Europe, and other regions are not only important …

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Australian Employment Numbers Unexpectedly Fall in December, Despite Low Unemployment Rate

News

According to a report from the Australian Bureau of Statistics (ABS), employment numbers in Australia fell unexpectedly in December, following a sharp increase in November. This is a sign that the once-hot labor market may be slowing down, despite the unemployment rate remaining near its lowest level in nearly 50 years. The ABS report states …

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China’s Relaxation of COVID-19 Measures to Drive Global Oil Demand to New Highs in 2023

News

According to a recent report from the International Energy Agency (IEA), China’s loosening of COVID-19 restrictions will drive global oil demand to a new record high this year, despite sanctions against Russia which will reduce the overall supply in the market. The IEA notes that China and Russia are the key factors that will impact …

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The Risk of Economic Recession Supporting Japan’s Trade Deficit

News

Japan’s exports slowed sharply in December, due to ongoing pressure on Chinese demand. As imports rose, the trade balance remained negative for the 17th consecutive month. According to data released by the Ministry of Finance (MOF) on Thursday, exports rose 11.5% year-on-year in December, the slowest growth since the start of last year, with particular …

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US Business Inventory Rises 0.4% in November

News

According to the US Commerce Department, business inventory in the country rose 0.4% in November, month-on-month, in line with analysts’ forecasts. This follows a rise of 0.2% in October. Year-on-year, business inventory increased by 15.1%. Retail inventory also rose by 0.1%, while wholesale inventory saw a larger increase of 1.0%. However, business sales fell by …

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