Tag Archives: rate

British shop prices fall at slowest rate in three-and-a-half years – BRC

Prices in British shops showed the smallest annual decline in nearly three-and-a-half years last month, adding to signs of growing inflation pressure after the Brexit vote caused a fall in the value of the pound, a survey showed on Wednesday. Overall shop prices fell 0.5 percent after a 0.8 percent decline in March, the shallowest rate of deflation… Read More »

Xiaomi WeLoop Hey 3S Smartwatch Launched, an Apple Watch Clone With a Heart Rate Sensor

It will be an understatement to say that some of Xiaomi’s products have uncanny resemblance to products from a certain Cupertino-based company. However, this time around the company seems to have taken the design approach to an altogether different level as Xiaomi partner WeLoop’s new Hey 3S smartwatch seems to be an exact replica of Apple Watch. The… Read More »

Fed, In Shift, May Move To Faster Pace Of Rate Hikes

The Federal Reserve, which has struggled to stoke inflation since the financial crisis and up until now raised rates less frequently than it and markets expected, may be about to hit the accelerator on rate hikes. On Wednesday, the U.S. central bank is almost universally expected to raise its benchmark interest rates, a move that just a few… Read More »

Fitbit Alta HR, ‘World’s Slimmest Fitness Wristband With Heart Rate Sensor’, Launched at Rs. 14,999

  Fitbit has launched its Alta HR fitness wristband, which as per the company’s claims, is the “world’s slimmest wristband with continuous heart rate tracking.” The Alta HR fitness wristband has been priced at Rs. 14,999 and can be pre-ordered from Amazon India from March 15 to March 31. While the wearable will be made available with Amazon… Read More »

Yellen: Fed interest rate hike may be ‘appropriate’

The new £5 note will not be withdrawn, despite concerns that it contains traces of animal fat, the Bank of England says. The Bank said it had concluded it would be “appropriate” to keep the £5 polymer note in circulation. It will also issue the £10 polymer note as planned in September, it added. Vegans and some religious… Read More »

US raises key interest rate by 0.25% on strengthening economy

The US Federal Reserve has raised its benchmark interest rate by 0.25%, only the second increase in a decade. The central bank voted unanimously to raise the key rate to a range of 0.5% to 0.75%, citing a stronger economic growth and rising employment. But the central bank said it expected the economy to need only “gradual” increases… Read More »

UK’s current GDP growth rate won’t last, warns business body

“The business as usual” approach taken by many firms following the Brexit vote has helped boost UK growth this year, but it will not last, the British Chambers of Commerce (BCC) has warned. The business body expects GDP to grow by 2.1% this year, up from the 1.8% it forecast just three months ago. But uncertainty over the… Read More »

U.S. jobless rate falls to nine-year low, payrolls rise

The U.S. unemployment rate fell to a nine-year low of 4.6 percent in November, as employers added another 178,000 jobs, making it almost certain that the Federal Reserve will raise interest rates later this month. The unemployment rate hit its lowest level since August 2007 because more people found work but also because the labor force shrank as… Read More »

UK inflation rate falls to 0.9% in October

The UK inflation rate registered a surprise fall in October, although there were signs that the pressure on consumer prices is starting to build. Consumer Prices Index (CPI) inflation fell to 0.9%, from 1% in September, the Office for National Statistics said. That was below the 1.1% predicted by economists, who said sterling’s fall would push October’s CPI… Read More »

UK factory activity grows in September at fastest rate since June 2014 – PMI

British factory activity grew at the fastest rate in more than two years last month, boosted by a surge in export orders after sterling slumped following June’s referendum vote to leave the European Union, a survey showed on Monday. The Markit/CIPS Purchasing Managers’ Index (PMI) for the manufacturing sector reached its highest level since June 2014 in September,… Read More »