Economy

Economy News

Australia’s central bank ends bond buying, but in no hurry to hike

By Wayne Cole SYDNEY (Reuters) -Australia’s central bank kept its cash rate at a record low of 0.1% on Tuesday and ended its A$275 billion ($194.40 billion) bond buying campaign.

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Economy News

Asia shares in cautious mood, oil keeps climbing

China’s factory activity slows in January as resurgence of COVID-19 cases and tough lockdowns hit production and demand. Asian share markets made a cautious start to a week that is.

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Economy News

Police arrest Macau’s No 2 junket boss in crackdown

Authorities in the Chinese territory are stepping up a crackdown on illicit capital outflows from mainland China. Police in Macau, the world’s biggest gambling hub, said they had arrested two.

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Economy News

Economic Survey 2021-22: 10 Points On The Pre-Budget Presentation

The Economic Survey 2021-22 will be tabled in Parliament on Monday. The pre-Budget survey presents the state of the economy and suggests policy prescriptions. by Prashun Talukdar (with inputs from PTI).

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Economy News

Marketmind: Walk on the wild side

A look at the day ahead from Danilo Masoni. The days of wild swings aren’t over. And with bears and bulls still fiercely wrestling for control, investors could see their.

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Economy News

Elliott, Vista Equity bolster cloud ambitions with $16.5 billion Citrix deal

By Chavi Mehta (Reuters) -Software company Citrix Systems (NASDAQ:CTXS) said on Monday it would be taken private for $16.5 billion including debt by affiliates of Elliott Management and Vista Equity.

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Business Economy News

The Great Upgrade: Making the most of The Great Resignation

United States workers are in their strongest bargaining position in decades, but it won’t last forever. By Cinnamon Janzer From restaurants across the country closing early or altogether because of staff.

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Economy News

UAE set to start taxing corporate profits next year

The move marks a significant shift as the UAE seeks to align itself with international standards and move towards a global minimum tax. By Ben Bartenstein and Zainab Fattah and Farah Elbahrawy /Bloomberg.

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Cryptocurrency Economy News

Bitcoin on track for its worst January since 2018 ‘crypto winter’

Bitcoin dipped to as low as $33,000 in January from a record of almost $69,000 less than three months ago By Vildana Hajric and Akayla Gardner / Bloomberg Bitcoin is closing.

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Economy News

China Jan factory activity growth slows, demand wanes as COVID surges

BEIJING (Reuters) – Growth in China’s factory activity slowed in January as a resurgence of COVID-19 cases and tough lockdowns hit production and demand, but the slight expansion offered some.

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