Mon, December 2, 2024

by: Bill Williamson

India's GDP misses expectations, but experts see limited market fallout

Most market experts suggest that the disappointing GDP print for the September quarter will have a limited impact on the markets.

by: Bill Williamson

Best Unsecured Personal Loans of 2024: Reviews, Fees, & Comparisons

Maddy Scheckel is a registered nurse turned freelance writer specializing in personal finance and business topics. You can reach her at contentbymaddy@gmail.com. Earn 4.75% APY when you deposit at ...

by: Bill Williamson

The best business credit cards of December 2024

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. If you operate a business, whether part-time or full-time, you may benefit from opening a business ...

by: Bill Williamson

Kenya Pays Over KSh 965.9m in Stipends, Arrears to More than 3,000 Medical Interns

William Ruto's administration announced a release of stipends and arrears owed to medical interns as the Ministry of Health continues talks with the unions.

by: Bill Williamson

BRICS, De-Dollarization, and the US Trade War: What's at Stake?

Fears of a global trade war are growing as Donald Trump intensifies his rhetoric against the BRICS nations—Brazil, Russia, India, China, and South Africa—along with newly joined members like Iran, Saudi Arabia,

by: Bill Williamson

Kuwait's Investment Landscape and Financial Resilience Explored at Exclusive Event

by: Bill Williamson

SG Enable, Zero Project host first Apac symposium on inclusive hiring and workplaces

SG Enable, the focal agency for disability and inclusion in Singapore, has held its inaugural Asia-Pacific symposium in collaboration with non-profit organisation Zero Project to boost disability inclusion across the region.

by: Bill Williamson

Digital Agriculture Mission: Centre asks states to make farmer IDs faster

The Farmer ID will form the core of the 'Farmers' Registry', one of the three registries under the 'Agri Stack' initiative, part of the Centre's Digital Agriculture Mission

by: Bill Williamson

Traders' Diary: Lemon Tree, DMart, Cochin Shipyard, Petronet LNG among over a dozen scrips on analysts' watchlists today

Need stocks to trade today? Zee Business analysts Kushal Gupta and Ashish Chaturvedi have shared their views on more than a dozen stocks in focus in the first trading session of December.

by: Bill Williamson

Delhi HC to hear plea by BJP MLAs seeking CAG reports in Assembly

The Delhi High Court will hear on December 9 a plea by the city's opposition leaders seeking a direction to place Comptroller and Auditor General (CAG) reports related to liquor duty, pollution and finance before the Assembly.

by: Bill Williamson

Gold loans from banks surge, other personal loans see moderate rise

by: Bill Williamson

Budget could wipe out 125,000 jobs in family businesses

The government's move to limit inheritance tax relief for family-owned businesses could cost Britain roughly 125,000 jobs and significantly reduce economic activity, new research has found. The change unveiled in Labour's first Budget could reduce the value of goods and services produced across the UK economy by £9.

by: Bill Williamson

Australia's central bank says risks from non-bank lenders limited

AUSTRALIA'S central bank said on Monday (Dec 2) that risks from non-bank lenders in securitisation are limited as the labour market remained resilient, supporting households and businesses, and the size of the sector remains small overall.

by: Bill Williamson

NSE Indices launches Nifty India Railways PSU Index

by: Bill Williamson

Financial and community hurdles slow geothermal energy development in Southeast Asia

Positioned along the seismically active Ring of Fire, Indonesia and the Philippines have the second and third highest installed geothermal energy capacity in the world, after the United States. Both Southeast Asian island nations are tapping into only a small fraction of their geothermal potential,

by: Bill Williamson

China's 10-Year yield sinks to record low on bets that PBOC will ease

China's 10-year yield dropped past the key psychological milestone of 2 per cent and was at a record low, as traders ramped up wagers that authorities would ease monetary policy further to bolster the weak economy.

by: Bill Williamson

Naspers' half-year profit nearly doubles on strong e-commerce and Tencent performance

South African technology investor Naspers posted a 90.5% jump in its half-year core headline earnings, driven by accelerated growth and improved profitability of its e-commerce businesses and contribution from China's Tencent .

by: Bill Williamson

Why RBL Bank shares hit 52-week low, Bajaj Fin slip 1% in today's trade?

Following the development, RBL Bank informed that co-brand cards issued to date will continue to operate as usual without any change

by: Bill Williamson

Sales of homes above Rs 4 cr surge 38%, driven by Delhi-NCR and Mumbai

by: Bill Williamson

ASB cuts fixed mortgage rates, and term deposit rates, signaling a final December push for precious housing sale transactions

ASB cuts fixed mortgage rates, and term deposit rates, signaling a final December push for precious housing sale transactions

by: Bill Williamson

Post-COVID life and China's tough economy pushes a 95-year-old jewelry brand to embrace 'wearability' and a more casual consumer

Everyone is a lot more casual. You have a lot fewer galas and things to go to," said Nicholas Lieou, Chow Tai Fook's design lead for high jewelry.

by: Bill Williamson

RBL Bank shares sink as partnership on co-branded credit cards with Bajaj Finance ends

by: Bill Williamson

Finance capital increases its domination of healthcare

Private equity firms are spearheading an avalanche of mergers and consolidations as hospitals and healthcare systems align to cut costs, increase market share and maximize revenue streams at the expense of healthcare workers and patients.

by: Bill Williamson

Singapore cenbank fines JPMorgan $1.8 mln over misconduct by relationship managers

Singapore's central bank said on Monday it fined U.S. lender JPMorgan Chase S$2.4 million ($1.79 million) for failing to prevent and detect misconduct committed by its relationship managers.
Sun, December 1, 2024

by: Bill Williamson

How do we spend less but still travel well?

Two avid travellers reveal their top hacks, where to sit on the plane and how to cut the budget while having fun. Read more at straitstimes.com.

by: Bill Williamson

COP29 shows South-east Asia's energy transition needs private finance; effective policies will catalyse that

WHAT can you do with US$300 billion? For South-east Asian nations trying to fund the construction of solar plants or wind farms, the answer is: not that much. The recent conclusion of the COP29 climate talks tells us that the region cannot wait for developed nations to raise that bar.

by: Bill Williamson

Asean governments face risk of fiscal strain from climate change without policies to attract private capital

WITH the United Nations' climate talks failing to secure the US$1 trillion climate finance target needed for developing countries to cut their emissions and cope with natural disasters, emerging markets in South-east Asia are now under greater pressure to develop the right policy framework to catalyse private capital into climate-focused investments.

by: Bill Williamson

Your money, the economy, taxes might change in 2025: Experts offer predictions

He assigns a 50% probability that the stock market could gain ground in 2025 despite what happens with tariffs, a 25% probability that stocks could surge for other reasons such as artificial-intelligence optimism, a 15% probability of a downside tariff shock and a 10% chance that stocks could fall sharply but mainly for other reasons.

by: Bill Williamson

African Bank has public servants in its sights

African Bank is targeting middle to high-income public servants for home loans and vehicle finance in line with its strategic shift towards lending offerings that go beyond traditional unsecured personal loans.

by: Bill Williamson

Live updates: ASX primed for new record after Wall Street rally rolls on, key retail sales, construction and Chinese data due this morning

The ASX is primed for a 0.2 per cent rise this morning after another record close on Wall Street, but the markets will be watching this morning's releases of key retail and building data. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

by: Bill Williamson

UBS capital requirements should be proportionate, minister says

Capital requirements set for UBS under new banking regulations should be "proportionate", as Switzerland attempts to strike a balance between financial sector competitiveness and protecting taxpayers,

by: Bill Williamson

Stock Radar: Maruti Suzuki, Hyundai Motor, Escorts, Cipla, Home First Finance, Aster DM, DLF, Greaves Cotton in focus on Monday

Stocks like Tata Motors, Eicher Motors, TVS Motor Company, Biocon, Cochin Shipyard, KEC International, RBL Bank, Bajaj Finance, GP Petroleums, Lemon Tree Hotels, Bharat Petroleum Corporation, and ONGC will also be in focus on December 2.

by: Bill Williamson

Arror, Kimarwer dams back in Adani-type deal

The listing of the dams under PPP projects signals that Kenya is losing interest in funding the multi-billion shilling projects using loans amid concerns about the commercial viability of the dams.

by: Bill Williamson

Women face higher NCD risks

It also reveals that 18.3 percent of women also get too little physical activity, compared to 11.3 percent of men. The report states that this is causing health problems, including diabetes, high blood pressure, and complications during pregnancy.

by: Bill Williamson

How a cousin's disability inspired a drive for inclusive housing

by: Bill Williamson

After losing her job, a boomer is 'walking a tightrope' between retiring early and searching for work

Andrea, 64, was laid of from her corporate job. If she takes Social Security too early, she's worried about draining her savings.

by: Bill Williamson

The hidden side of business school rankings

Rankings have become a powerful tool for both schools and students, growing in number and influence. However, this has sparked a performance-driven competition that sometimes compromises teaching quality and ethics.

by: Bill Williamson

Diversifying exports: Non-RMG sectors face 11 challenges

by: Bill Williamson

Whitcomb: Carson and Rest of Us Actors; Hospitals Into Housing; Witch Doctor; Canadian Fish Story

How the Jews Conquered Christmas (ask Philip Roth) Share Watch on

by: Bill Williamson

How China will strike back at Trump

Over the past year China has rejected claims it is exporting batteries and solar products at artificially low prices. Cuts to rebates are the first time officials seem to have taken action to lessen the force of such accusations,

by: Bill Williamson

Stock market's record run sets stage for December gains, pros say

The market's record year may have more room to run, with sentiment buoyed by recent outperformance and historical trends.

by: Bill Williamson

Silver is the new gold for asset investment platform Goldie

New Zealand gold investment platform Goldie is expanding into new materials and assets as it builds on a strong first year in business. Launched in November last year, the platform allows investors to purchase fractions of shares of physical assets.

by: Bill Williamson

UN climate summit in Baku leaves the developing world with crumbs

Unusually for a UN climate summit, COP29 was mainly about climate finance, and yet the finance mandarins were missing

by: Bill Williamson

GDP Growth 2024: Six Largest Sectors of the Nigerian Economy

The National Bureau of Statistics (NBS) has released its latest Gross Domestic Product (GDP) report and provided insight on the sectors performing.

by: Bill Williamson

Former Carlisle United frontman announces retirement

by: Bill Williamson

JPMorgan Rejects Transition-Finance Trend Gripping Wall Street

Rather than design a transition-finance framework, JPMorgan has built what it calls a Center for Carbon Transition. The goal, according to Wall Street's largest bank, is to provide clients with "the insights and firm-wide expertise needed to navigate the challenges of transitioning to a low-carbon future."

by: Bill Williamson

Govt plans to curb operating expenditures amid economic challenges

by: Bill Williamson

Scott Bessent Appointment Makes This 11% Yield A 'Screaming Buy'

Hedge fund veteran and Wall Street-approved suit Scott Bessent is likely the new Treasury secretary. That's why this 11% dividend is a big winner.

ASB cuts fixed mortgage rates, and term deposit rates, signaling a final December push for precious housing sale transactions

ASB cuts fixed mortgage rates, and term deposit rates, signaling a final December push for precious housing sale transactions

The article from interest.co.nz discusses recent changes in New Zealand's financial market, particularly focusing on ASB's adjustments to its fixed mortgage and term deposit rates. ASB has reduced its one-year fixed mortgage rate by 10 basis points to 7.25% and its two-year rate by 6 basis points to 6.85%. These cuts follow a trend where other major banks like ANZ, BNZ, and Westpac have also lowered their rates, signaling a response to the economic environment. Additionally, ASB has decreased its term deposit rates, with the 6-month term deposit rate dropping by 10 basis points to 5.80% and the 9-month rate by 20 basis points to 5.80%. These changes come in the context of a broader market expectation of a potential pause in the Reserve Bank of New Zealand's (RBNZ) Official Cash Rate (OCR) hikes, with ASB suggesting that the OCR might have peaked, although they anticipate one more rate increase in November before a possible pause. This reflects a cautious approach by banks to manage funding costs and lending rates amidst economic uncertainty.

Read the Full Interest Article at:
https://www.interest.co.nz/personal-finance/131035/fixed-mortgage-rates-and-term-deposit-rates-have-been-cut-asb-signal-final