Samsung Electronics Co Ltd (SMSN.L,SSNNF.OB,SSNLF.OB) reported a profit for the second quarter that dropped 85.88 percent from last year as weak demand for memory chips persists. Quarterly sales also declined 22.28 percent from the previous year. The South Korean electronics giant reported that its net income attributable to the shareholders of the parent company for the second-quarter dropped 85.88 percent […]

Industrial production in the U.S. unexpectedly saw further downside in the month of June, according to a report released by the Federal Reserve on Tuesday. The Fed said industrial production slid by 0.5 percent in June, matching the downwardly revised decrease in May. Economists had expected production to come in unchanged compared to the 0.2 percent dip originally reported for […]

Following yesterday’s tamer-than-expected consumer price inflation data, the Labor Department released a separate report on Thursday showing producer prices in the U.S. also inched up by slightly less than expected in the month of June. The Labor Department said its producer price index for final demand crept up by 0.1 percent in June after falling by a revised 0.4 percent […]

Save articles for later Add articles to your saved list and come back to them any time. The ground has been shifting under the feet of the world’s central bankers, including our own Dr Philip Lowe, the outgoing chief of the RBA. This has weakened the power of higher interest rates to get inflation down. Like all economists, central bankers […]

Save articles for later Add articles to your saved list and come back to them any time. Liberal senator Jane Hume throwing her support behind Philip Lowe to head the Reserve Bank for another term wouldn’t have been a spirit-lifting moment for the central bank governor. His future just got more politicised. If Lowe even had a small chance of […]