-- Goldman Sachs Group Inc. expects more interest-rate hikes in the Philippines and Indonesia by year-end, revising its forecast for an extended pause in the two Southeast Asian countries.Apple Plans AirPods Overhaul With New Low- and High-End Models, USB-C HeadphonesResurgent currency and inflationary pressures could force the Bangko Sentral ng Pilipinas and Bank Indonesia to take their policy rates higher in their November meetings, Goldman economists wrote in a Wednesday note.
Asian central banks face increasing pressure to keep monetary policy tight as the dollar’s strength pummels the region’s currencies. Indonesia’s rupiah slid about 3% in the past month to become the worst performer in Asia, while in the Philippines, the peso is trading near 57 per dollar, a level that central bank signaled it is defending.
Central banks in Thailand, Malaysia and Singapore will likely be on hold for the rest of the year, Goldman said.No One Understands Corporate Boycotts Like This Former Trump ResearcherWhat a weaker loonie means for Canadians Ruffer, a UK-based fund known for winning bets made in the volatility market, is now hoping for a big upswing in the Japanese yen.High interest rates are derailing the ambitions of climate regulators and automakers to accelerate the shift to electric vehicles, underscored Wednesday by the scrapping of a GM-Honda partnership and a warning from a battery maker.
'A pointless showing of wealth': This New York dad says he refused to pay $200K for his daughter's lavish wedding — and now she won't speak to him. But what should kids reasonably expect?The Bank of Canada left its key interest rate unchanged, a widely expected move that comes amid growing evidence that rate hikes are weighing on the Canadian economy.I was all set for my trip, or so I thought. That's when my friend told me to always keep a bread clip when traveling.
Alphabet is an intriguing AI-savvy tech stock worthy of Canadians' investment dollars. The post If AI Is Indeed the 4th Industrial Revolution, You’ll Want to Buy These Stocks Sooner Rather Than Later appeared first on The Motley Fool Canada.Canadians' tax burden isn't actually that high. But it tilts toward income taxes levied at steep rates. Using the GST more would helpShopify Inc could become enticing again in the next bear market.
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