New Zealand house prices are expected to see a turnaround in the upcoming year, with a projected 6% increase as a result of interest rate cuts implemented by the Reserve Bank of New Zealand, as indicated by a recent Reuters survey of property strategists. Despite facing significant interest rate hikes, the real estate market in
Economy
Recent data from the Ministry of Finance in Japan has indicated a promising increase of 7.4% in corporate spending on plant and equipment in the second quarter. This rise in expenditure has sparked optimism for a potential domestic-led recovery in economic growth within the country. The upcoming revised gross domestic product (GDP) figures, scheduled for
The decision by local power regulator Aneel to impose an additional charge on electricity bills in September has raised concerns among Brazilians. The drop in reservoir levels at hydroelectric plants during the dry season has prompted this increase in costs, impacting consumers across the country. Despite the growth of wind and solar power in Brazil,
China’s manufacturing sector experienced a slowdown in August, reaching a six-month low as indicated by the official factory survey. The purchasing managers’ index (PMI) fell to 49.1 from 49.4 in July, below the critical 50-mark that separates growth from contraction. This decline was unexpected, missing the median forecast of 49.5 in a Reuters poll. This
The recent U.S. economic data has had a significant impact on Wall Street stocks, leading to a rise in stock prices and the Dow scoring a second consecutive all-time closing high. This positive trend was fueled by findings that U.S. consumer spending increased solidly in July, indicating a strong economy with moderate price rises. As
China has recently escalated tensions with the European Union by opening an anti-subsidy probe into imported dairy products. This move comes shortly after Brussels released a revised draft decision regarding tariffs on electric vehicles made in China. Let’s take a closer look at the various industries that are currently under investigation by China. DAIRY Industry