The Latest Breaking News from Economy

Poll seen sparking spending spree

The upcoming general election is likely to stimulate consumption, with around 60-70 billion baht to be circulated within the country’s economy, enhancing the Thai stock market both one week before and one month after the polls, say analysts.

Bangkok Post · Feb 23, 2023

Why Congress Should Pass a Ukrainian Adjustment Act

Giving recent Ukrainian refugees the right to permanent residency in the US will avert potential tragedy for them, and benefit the US economy.

Reason · Feb 23, 2023

Building 100,000 homes a year would 'pump more than £17billion' into economy

The former Tory Cabinet Minister Brandon Lewis - who backed the report - said that since the 1970s 'we have consistently failed to deliver enough new housing'

Daily Mirror · Feb 23, 2023

2 China Stocks That Could Be Better Buys Than Alibaba in 2023

Amid the reopening of China’s economy, stocks are expected to see a significant rebound. Therefore, investors could invest in fundamentally strong stocks Hello Group (MOMO) and China Automotive Systems (CAAS) instead of Alibaba Group (BABA). Read more….

StockNews.com · Feb 22, 2023

We're in danger of falling into 1970s-style inflation without aggressive interest rate hikes, according to a top Fed official

“If inflation doesn’t start to come down, you risk this replay of the 1970s... Let’s be sharp now, let’s get inflation under control,” St. Louis Fed President James Bullard told CNBC Wednesday.

Fortune · Feb 22, 2023

2 Dow Stocks to Buy and Watch This Week

Despite the consecutive rate hikes, the U.S. economy remains resilient amid robust consumer spending and a tight labor market. So, given the Dow Jones’ steady start to 2023, we think quality Dow stocks Coca-Cola (KO) and McDonald's (MCD) could be great buys now. Keep reading.

StockNews.com · Feb 22, 2023

Tight fiscal leash awaits winner of Nigeria presidential election

Ahead of the election, Africa’s largest economy is in a precarious position due to rising debt and low revenue.

Al Jazeera · Feb 22, 2023

Chinese banker 'was looking to move wealth to Singapore before disappearance'

The missing founder of China Renaissance, Bao Fan, was looking to start a fund for his personal fortune, according to the Financial Times. Bao is one of the country's biggest financiers in the tech sector and could be the latest target of a crackdown on the industry. Also in the…

France 24 · Feb 22, 2023

Hong Kong unveils US$97bn recovery budget

HONG KONG: Hong Kong's finance chief unveiled a HK$761 billion (US$97 billion) budget on Wednesday, plunging into the coffers to pay for the recession-hit city's post-Covid recovery.

Bangkok Post · Feb 22, 2023

Economists: Tourism surge offsets export setback

The Thai economy is set to bounce back from a surprising contraction in the fourth quarter of 2022 as foreign tourist arrivals are likely to surprise on the upside and counter headwinds to merchandise exports from a global slowdown, say leading economists.

Bangkok Post · Feb 22, 2023