Page 56 - Eco News Today

Asking prices for British homes fell in June for the first time in six years, indicating an earlier-than-usual summer slowdown amid mortgage market turmoil and expectations of further Bank of England interest rates increases, a survey showed on Monday.

Financial professionals are among the highest-paid workers in China, and their wealth has drawn public criticism on social media as the economy slows, drawing Beijing's ire as well.

The Indian rupee inched lower on Monday, tracking the decline on Asian peers, while traders eyed clues on the Federal Reserve rate hike path this year from its chief's congressional testimony this week.

Support for Japanese Prime Minister Fumio Kishida's cabinet slid 12 percentage points to 33%, coming off a peak during a Group of Seven leaders summit in Hiroshima, the Mainichi Shimbun reported on Sunday, citing its own poll.

Qatar's stock market ended lower on Sunday as comments from two U.S. Federal Reserve officials curtailed investor optimism that the central bank is nearing the end of its aggressive interest rate hikes.

A few months ago, most investors feared having too much exposure to equities. Now many are worried they may not have enough.

Honduran economic growth is seen slowing to about 3% in 2023, the International Monetary Fund (IMF) estimated in a statement issued on Friday, pointing to fewer remittances and pressures on the energy and farm sectors stemming from drought conditions.

The yen languished near a 15-year low against the euro and around a seven-month trough against the dollar on Friday, ahead of a closely-watched policy decision by the Bank of Japan, where it is set to stay ultra-dovish in the face of its hawkish peers.

Oil prices edged lower in early trade on Friday, taking a pause from the previous session when futures gained steeply on optimism around higher energy demand from top crude importer China.

Adobe Inc surpassed Wall Street estimates for quarterly results and forecast on Thursday as the Photoshop maker's efforts to drive up demand with generative artificial intelligence (AI) integrations paid off.