insert_link Business / Economics 14 November 2024 Morning Biz News Update: Quiet Local Market Amid Global Economic Shifts By Leonard Witbeen In the latest market developments, Namibia's local stock market had a relatively quiet session on November 13, with a total of N$1.16 million in value traded. According to the NSX daily report, the local market saw a volume of over 125,000 shares exchanged through 12 deals. While the day’s activity appeared subdued, the year-to-date figures paint a busier picture, with over 22 million shares traded, totaling […] todayNovember 14, 2024 6
insert_link Business / Economics 5 November 2024 Morning Biz News Update: Key Financial Developments In the past year, Namibia has witnessed a significant increase in credit extension, with a total of N$3.37 billion issued—almost double the amount from the previous year. According to The Brief, individuals accounted for N$1.90 billion of this credit, while corporations took up N$1.47 billion. Private sector credit has shown positive growth, rising by 0.6% month-over-month and reaching an annual growth rate of 3.0% by September 2024. Meanwhile, the South […] todayNovember 5, 2024 7
insert_link Business / Economics Fed minutes suggest rate cut on the cards The Federal Reserve looks increasingly likely to cut interest rates at its next meeting in September. Minutes from the US central bank's July meeting, released on Wednesday, show most policymakers supported a reduction if inflation continued to cool. Here's the report with Sally Patterson. todayAugust 22, 2024 33
insert_link Business / Economics US consumer inflation falls ahead of Fed interest rate decision By Daniel AVIS Fresh US consumer inflation data published Wednesday is unlikely to sway the Federal Reserve's plans to leave its key lending rate unchanged, but could alter how many rate cuts policymakers pencil in for this year. The annual consumer price index (CPI) came in at 3.3 percent in May, down 0.1 percentage point from April, the Labor Department said in a statement -- […] todayJune 12, 2024 21
insert_link World US inflation rose unexpectedly last month US inflation rose unexpectedly last month, largely driven by a rise in gas prices. It's the latest data to suggest inflation remains a problem - at a time when the Federal Reserve is considering the possibility of interest rate cuts later this year. Nick Harper reports. todayMarch 15, 2024 29
insert_link World U.S. interest rates holding steady as central bank waits for consistent inflation The U.S. Federal Reserve decided to keep interest rates unchanged in their meetings this week– although the committee is hinting that they are likely to cut rates overall this year by 0.75%. Caroline Malone reports. todayFebruary 1, 2024 10
insert_link Business / Economics Ripples of 2023: FBS’s insight on the 2024 global financial outlook With 2023 coming to an end, leading global broker FBS looks back at the significant economic events and delves into the perspective of the financial landscape in 2024. FBS financial market analysts point out that next year, financial markets will stand at the cusp of transformation under the influence of the US economy, global and local military conflicts, and the sprawl of AI. As FBS experts further stress, the cautious stance […] todayDecember 19, 2023 5
insert_link World Fed leaves rates unchanged, signals cuts in 202 The US Federal Reserve has left interest rates unchanged, but signaled it plans to make three rate cuts next year. It follows an intense 21 months of rate hikes to try and get inflation under control. Nick Harper reports from Washington. todayDecember 14, 2023 23
World Asian markets drop as traders temper rate cut bets Stocks fell Tuesday, extending the sell-off seen on Wall Street, with analysts warning November's rally fuelled by bets on interest rate cuts may have gone too far, forcing traders to take a step back. Markets surged last month as data pointing to slowing inflation and softer job markets combined with a dovish turn by Federal Reserve officials to stoke expectations they will next year begin loosening monetary policy. Those hopes […] todayDecember 5, 2023 3