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NZ tightens visa rules amid 'unsustainable' migration

Applicants for most work visas now have to fulfill minimum skills and work experience requirements.

Australia , New-zealand , Australian , New-zealanders , Alan-mcdonald , Erica-stanford , Christopher-luxon , Manufacturers-association , National-party , Immigration-minister-erica , Prime-minister-christopher-luxon , Radio-new-zealand

US economic growth for last quarter is revised up to 3.4%

International Business News: The U.S. economy expanded by 3.4% in the last quarter of 2023, surpassing the initial estimate of 3.2%. Consumer spending, exports, and business inves

Federal-reserve , Commerce-department , Us-economy-growth , Q4-2023 , Inflation-pressures , Exports , Consumer-spending , Business-investments ,

SARB keeps rates on hold and hints at inflation pressures enduring

South African Reserve Bank governor Lesetja Kganyago announced the repo rate will remain at 8.25% at a monetary policy committee briefing in Pretoria on Wednesday.

Pretoria , Gauteng , South-africa , South-african , Lesetja-kganyago , African-reserve-bank , South-african-reserve-bank , Governor , Inflation-pressures , Rates , Hold , Hints

BoE's Mann: long way for inflation pressures to be consistent with 2% target

Mann made the remarks at an event organised by hedge fund Citadel, consultancy CEPR and the International Center for Monetary and Banking Studies.

Inflation-pressures , 2-target , Bank-of-england , Catherine-mann , Monetary-policy-committee ,

Wholesale prices rose in January, signaling more inflation woes for American consumers

Wholesale prices, tracked by the producer price index, rose in January, the latest sign that some inflation pressures in the economy remain elevated.

Chicago , Illinois , United-states , Americans , Austan-goolsbee , Raphael-bostic , Federal-reserve-bank , Chicago-fed , Wall-street , Inflation-pressures , Nflation-target , Holesale-prices

Rate Cuts to Start in July, Former Bank of Canada Official Says

An ex-member of the Bank of Canada’s governing body says he believes the central bank will start cutting interest rates in about six months if inflation pressures ease as expected.

Canada , Canadian , Canadians , Avery-shenfeld , Paul-beaudry , Canadian-imperial-bank , Deputy-governor-paul-beaudry , Governor-tiff-macklem , Bank-of-canada , Interest-rates , Inflation-pressures , Rate-cuts

US economic output hits 7-month high, boosting investors' soft landing hopes

The reading from S&P Global is the latest in a string of positive economic data as the Fed attempts to achieve its vaunted "soft landing," where inflation returns to the 2% goal without a severe economic downturn.

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Asia Business Report

of quote the insurance prices. and the prices are rising quite significantly. but there is a big variety of how much people can expect to put their ships through the red sea. it used to be sort of 0.1% or 0.2% of premium charged on the value of the ship. it now has gone up to 0.5% or 0.7% which could be significantly higher. that can add hundreds of thousands of us dollars to what people have to pay to sort of ship the goods through that channel. do you think this could have the knock—on effect of increasing inflation? yeah, definitely. i don't see how this can't put inflation pressures on consumer goods and other things. notjust the sort of consumer goods that are being

People , Red-sea , Ships , Insurance-prices , Prices , Variety , Quote , Ship , Value , Premium , 0-7 , 0-1

Asia Business Report

situation there for people who quote insurance prices and the prices and the prices are rising quite significantly. amaq but there was a big variety of how much people can expect to put their ships through the red sea. it used to be sort of 0.1% or 0.2% of premium charged on the value of the ship. it now has gone up to 0.5% or 0.7% which could be significantly higher. that can add hundreds of thousands of us dollars to what people have to pay to sort of ship the goods through that channel. do you think this could have the knock on effect of increasing inflation? yeah, definitely. i don't see how this can't put inflation pressures on consumer goods and other things. notjust the sort of consumer goods that are being shipped through this neck of water but also oil and raw materials, and things

People , Prices , Situation , Quote-insurance-prices , Red-sea , Ship , Amaq , Ships , Variety , Premium , Value , 0-1

Asia Business Report

knock on effect of increasing inflation? yeah, definitely. i don't see how this can't put inflation pressures on consumer goods and other things. notjust the sort of consumer goods that are being shipped through this neck of water but also oil and raw materials, and things like that, that is definitely going to have inflation pressure. it has been 45 years since china and the us established diplomatic ties. in theirtime, china's economy has grown to become the the second largest in the world behind the us. that rapid rise was largely built on a relationship that encouraged strong business ties between the two countries. but in the last few years, that has been marked by tension, tariffs and export restrictions. nick marsh has more on what we can expect in the economies that are intertwined. 0n the surface, things seem to have improved between the us and china recently. their leaders met in

Inflation , Things , Consumer-goods , Sort , Inflation-pressures , Effect , Knock , Notjust , Us , China-s , Ties , Inflation-pressure