Australia's central bank made a decision to keep policy unchanged at its meeting last week having delivered three rate cuts this year. RBNZ again surprises global markets, this time positively, while turning down the expectations of a rate cut, which in turn propels NZD/USD to 0.6420 during early Wednesday. [Full Article...]
The Consumer Prices Index 12-month rate, the lowest since November 2016, compared with 1.7% in September, the Office for National Statistics (ONS) said in a statement published ahead of next month's United Kingdom general election. After banning exports of onions and putting stock limits for local traders, the centre has chose to import the essential kitchen ingredient to curb rising prices. [Full Article...]
Zimbabwe's central bank injected new banknotes and coins into the cash-strapped economy on Tuesday to ease chronic shortages but the weekly withdrawal limit per customer was still capped at $18 - a sum which fetches less than three kilogrammes of beef. [Full Article...]
McLaren will also offer a fixed windscreen variant of the Elva to most markets as an option. While no actual kerb weight has been announced, you can bet on something comfortably below the 1,198kg claimed by the Senna. The new Elva's resemblance to the classic race vehicle is clear with undulating, exaggerated wheel arches, discreet rear air scoops, low nose and completely exposed cockpit. [Full Article...]
Efforts to lure Alibaba went all the way to the top of Hong Kong's government, with Chief Executive Carrie Lam exhorting billionaire Jack Ma to consider a listing in the city. A subsequent itemizing in Hong Kong will even curry favour with Beijing, which has sought to stimulate its present-day and foreseeable future big tech companies to checklist nearer to residence after the discount of corpor... [Full Article...]
The fourth generation Skoda Octavia comes with a new design direction and new tech with a wide range of powertrain options. Notable features on the inside are a new layered design theme with contrasting elements. And it succeeded, as you really couldn't tell there was much of a difference between the two in terms of onboard ambiance and luxury feel. This means a reworked version of the MQB p... [Full Article...]
The US Government sanctioned Huawei over its product, particularly its 5G networks which it said posed a security risk because of the company's alleged close ties to the Chinese government. But suppliers of processor chips and other vendors that depend on Huawei for billions of dollars in annual revenue still are waiting for licenses. While those who will benefit have not been identified, it is... [Full Article...]
The company pointed to a challenging operating environment and continuing declines in consumer milk consumption as reason for the news, despite its " best efforts to make [the] business more agile and cost-efficient ". DFA, which was formed in 1998, replaced a faltering system of regional milk processors and grocers with a nationwide cooperative that now markets its members' milk and maintains... [Full Article...]