Australia's central bank lifts cash rate to 4.35 pct

STORY: Australia's central bank lifts cash rate to 4.35 pct SHOOTING TIME: Nov. 7, 2023 DATELINE: Nov. 8, 2023 LENGTH: 0:01:09 LOCATION: SYDNEY, Australia CATEGORY: ECONOMY SHOTLIST: 1. various of Sydney Opera House 2. various of the Reserve Bank of Australia 3. various of banks STORYLINE: The Reserve Bank of Australia (RBA) on Tuesday decided to raise the cash rate target by 25 basis points to 4.35 percent, after keeping the rate on hold for four consecutive months. Following a monetary policy meeting on Tuesday, RBA Governor Michele Bullock said in a statement that the rise in interest rates was warranted to be more assured that inflation would return to target in a reasonable timeframe. According to the latest figures released by the Australian Bureau of Statistics, the Consumer Price Index (CPI) rose 1.2 percent in the September 2023 quarter, higher than the 0.8-percent rise in the June 2023 quarter, while the annual inflation eased down from 6.0 percent to 5.4 percent. Automotive fuel and

Sweden's economy forecast to shrink 0.9 pct in 2023

STORY: Sweden's economy forecast to shrink 0.9 pct in 2023 DATELINE: Aug. 10, 2023 LENGTH: 00:01:50 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. press release (courtesy of the National Institute of Economic Research) 2. various of street views in Stockholm 3. various of Sweden's central bank 4. various of Sweden Statics STORYLINE: Sweden's gross domestic product (GDP) is forecast to shrink 0.9 percent this year, the National Institute of Economic Research (NIER) said on Wednesday. In its previous report released in late June, the government agency expected the country's GDP to contract by 0.4 percent. For 2024, the GDP is expected to grow by 1.2 percent, 0.2 percentage points slower than in the June prognosis. Inflation is expected to reach 8.7 percent this year and 2.7 percent in 2024, both figures unchanged from the previous prognosis. The key interest rate of Sweden's central bank (Riksbank) is forecast to reach 4 percent by the end of the year, 0.3 percentage points above what NIER predicted

Higashi wins 1st STV Cup title in 14 years

Higashi wins 1st STV Cup title in 14 years

SAPPORO, Japan - Veteran ski jumper Akira Higashi held off two European rivals to win his first STV Cup title in 14 years on Jan 14. Higashi earned a total of 253.8 points from jumps of 128.5 and 125 meters on the K120 Okurayama hill, beating second-place Morten Solem of Norway by 1.2 points. Austria's Bastian Kaltenboeck took third with 246.0.

Higashi wins 1st STV Cup title in 14 years

Higashi wins 1st STV Cup title in 14 years

SAPPORO, Japan - Veteran ski jumper Akira Higashi held off two European rivals to win his first STV Cup title in 14 years on Jan 14. Higashi earned a total of 253.8 points from jumps of 128.5 and 125 meters on the K120 Okurayama hill, beating second-place Morten Solem of Norway by 1.2 points. Austria's Bastian Kaltenboeck took third with 246.0. (Kyodo)