Singapore experienced a rebound in industrial production growth, following a significant slowdown in the two preceding months, according to preliminary figures released by the Economic Development Board on Thursday. In November, industrial production increased by 8.5% year-on-year, an improvement from the 1.2% rise observed in October, which marked the slowest growth since the upward trend…
Day Before Christmas and Not Much to Report December 24, 2024 Compared to Monday closing levels, the dollar is unchanged against the euro, yen, and sterling. The greenback is up 0.3% relative to the Australian dollar and by 0.2% versus the Canadian dollar and Swiss franc but shows a 0.4% loss relative to the Mexican…
In a promising economic development, the Netherlands has witnessed a notable increase in its GDP growth for the third quarter of 2024, with the figure reaching 1.7%. This marks a significant improvement from the previous quarter, where the GDP growth rate was recorded at 0.8%, indicating robust year-over-year economic performance. The GDP growth acceleration can…
Jamaican Central Bank Interest Rate Cut December 23, 2024 The latest central bank to announce the result of its last monetary policy review of 2024 is the Bank of Jamaica. Officials there reduced the interest rate by 25 basis points to 6.0%. This was the fourth such cut since August. The rate previously had been…
The Start of Christmas Week Finds Dollar Atypically Well-Bid December 23, 2024 More years than not since the onset of flexible dollar rates, the U.S. currency has exhibited a soft tendency in late December. This seasonal bias was especially pronounced early on, as the dollar fell against the Deutsche mark between mid-December and yearend 13…
Next Week’s Menu: December 21-28, 2024 December 20, 2024 Central Banks: Interest rate policy reviews are scheduled in Turkey and Egypt, and minutes from previous central bank policy meetings in Australia, Japan and Canada will be published. Holidays and Special Events: The distraction of end-of-year holidays to business and financial market activity is arguably maximized…
Mexican Central Bank Rate Cut December 20, 2024 The Bank of Mexico’s policy interest rate has been reduced by another 25 basis points to 10.0%. This was the fourth such cut since August and the fifth one since March. The rate had been at a peak of 11.25% for a year prior to that initial…
A Few More Central Bank Decisions, A Lot More Price Data, and A Possible U.S. Government Shutdown Is Looking More Likely December 20, 2024 The U.S. dollar fell overnight by 0.4% against the Japanese yen, Swiss franc, and British pound. Smaller dips of 0.2% and 0.1% happened versus the euro and Canadian dollar, while bigger…
In a reaffirmation of economic stability, Saudi Arabia’s Consumer Price Index (CPI) has recorded no change for the month of November, maintaining a consistent rate of 0.3%, as per the latest data updated on December 15, 2024. This period marks a continuation from October, when the CPI similarly registered a growth rate of 0.3% over…
UnitedHealth Group Inc. (UNH) clarified that the individual responsible for the tragic murder of Chief Executive Officer Brian Thompson and his parents is not affiliated with the company. The organization remains actively engaged with law enforcement to aid in the ongoing investigation of this appalling incident. UnitedHealthcare has revealed that approximately 90% of medical claims…