Page 91 - Eco News Today

The South African rand was weaker in early trade on Thursday as investor concerns over the U.S. debt ceiling boosted the dollar and hurt riskier assets, before an interest rate announcement by South Africa's central bank.

Most British households, many feeling a cost-of-living squeeze, can expect cheaper energy bills from July after regulator Ofgem slashed its price cap to reflect a slump in wholesale costs.

And innovation. that is not through mandates. w and i think what biden wants ar do, he wants to take us in a direction where were like w germany, where we dont have a reliable power grid, where prices spikeices. le, they i mean, california, forin example, they have a tough time keeping the lights on and yet they want to ban the internal combustion engine. people are goingal to plug in,2l what, another 20 million evs? how are they going to be ablew o to support that? so weve got to get real here....

China hopes the Group of Seven will not abuse trade and investment restrictions while saying that they will not seek decoupling from the country, Chinese commerce ministry spokesperson Shu Jueting said on Thursday at a news briefing.

Some offshore users of an official Chinese website providing economic and demographic data on the southeastern province of Fujian across from Taiwan say their access has been restricted, as Beijing sharpens its focus on information security.

Most major Gulf markets were range-bound on Thursday as the impasse in negotiations to raise the U.S. debt ceiling and avoid a default kept investors wary of risky assets.

A look at the day ahead in U.S. and global markets from Mike Dolan

The number of Americans filing new claims for unemployment benefits increased moderately last week and data for the prior two weeks was revised sharply lower as fraudulent applications from Massachusetts were stripped out, indicating persistent labor market strength.

Best Buy Co Inc on Thursday posted a smaller-than-expected drop in comparable sales and said inflation-induced weakness in electronics should bottom out by the end of the year, sending shares of the top U.S. electronics retailer up 4%.

South Africa's central bank raised its main interest rate on Thursday to a 14-year high, a move Governor Lesetja Kganyago described as "bitter medicine" needed to tame inflation.