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Australian inflation projected to fall below 3 pct in 2024

STORY: Australian inflation projected to fall below 3 pct in 2024 SHOOTING TIME: May 13, 2024 DATELINE: May 15, 2024 LENGTH: 00:01:21 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of grocery stores in Canberra 2. various of a shopping center in Canberra 3. various of a petrol station in Canberra STORYLINE: Australia's inflation rate is set to return to the central bank's target band by the end of 2024, the government has forecast. According to projections released by the Treasury on Sunday, inflation will fall to 2.75 percent by December and to 2.5 percent by the end of 2025. The Treasury projections suggest that inflation will fall back to the Reserve Bank of Australia's target band of 2-3 percent one year earlier than forecast by the bank in its outlook published earlier in May. The central bank's forecast does not account for unannounced measures included in Chalmer's budget whereas the Treasury's does. "Inflation is still the big near-term challenge in our economy which is

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Malaysian Central Bank raises OPR to 3 pct

STORY: Malaysian Central Bank raises OPR to 3 pct DATELINE: May 4, 2023 LENGTH: 00:01:56 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of the Malaysian Central Bank 2. various of Malaysia's national flag and Kuala Lumpur city traffic 3. various of Kuala Lumpur street views STORYLINE: Malaysian Central Bank on Wednesday decided to increase the Overnight Policy Rate (OPR) by 25 basis points to three percent. The ceiling and floor rates of the corridor of the OPR are correspondingly increased to 3.25 percent and 2.75 percent, respectively, Bank Negara Malaysia (BNM) said in a statement. With the domestic growth prospects remaining resilient, the Monetary Policy Committee (MPC) of the BNM judged that it was time to further normalize the degree of monetary accommodation. With this decision, the MPC has withdrawn the monetary stimulus intended to address the COVID-19 crisis in promoting economic recovery. In light of the continued strength of the Malaysian economy, the MPC also re

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Nikkei sinks to below 14,000

TOKYO, Japan - An electronic signboard at a Tokyo office of money broker Gaitame.com Co. shows the Nikkei Stock Average trading below the 14,000 line on the morning of May 30, 2013. The key stock index ended the morning session down 393.54 points, or 2.75 percent, from the previous day at 13,932.92.

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Israel hikes benchmark rate by 0.75 pct amid efforts to curb inflation

STORY: Israel hikes benchmark rate by 0.75 pct amid efforts to curb inflation DATELINE: Oct. 4, 2022 LENGTH: 0:01:27 LOCATION: Tel Aviv CATEGORY: ECONOMY SHOTLIST: 1. various of skyscrapers in Israel's economic center Tel Aviv 2. Governor of Israeli Central Bank Amir Yaron announces rate increase 3. Shopping mall in Tel Aviv 4. Governor of Israeli Central Bank Amir Yaron makes remarks 5. Streets view of Israel's economic center Tel Aviv STORYLINE: The Bank of Israel on Monday raised its benchmark rate by 0.75 percentage points from 2 percent to 2.75 percent. The sharp rate hike comes as Israel is trying to control its annual inflation, which fell to 4.6 percent in August from 5.2 percent in July, still well above the government target range of 1-3 percent. This is the fifth rate hike made by Israel's central bank since mid-April when the rate was as low as 0.1 percent, and the second consecutive 0.75-percent aggressive one after it did so in late August. The current basic rate is also the highe

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U.S.-NEW YORK-STOCK MARKET-FALL

(220610) -- NEW YORK, June 10, 2022 (Xinhua) -- Traders work at the New York Stock Exchange (NYSE) in New York, the United States, June 9, 2022. U.S. stocks fell sharply on Thursday as tech shares led the broad market lower. The Dow Jones Industrial Average plunged 638.11 points, or 1.94 percent, to 32,272.79. The S&P 500 decreased 97.95 points, or 2.38 percent, to 4,017.82. The Nasdaq Composite Index dropped 2.75 percent, to 11,754.23. (Courtney Crow/NYSE/Handout via Xinhua)

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U.S.-NEW YORK-STOCK MARKET-FALL

(220610) -- NEW YORK, June 10, 2022 (Xinhua) -- A trader works at the New York Stock Exchange (NYSE) in New York, the United States, June 9, 2022. U.S. stocks fell sharply on Thursday as tech shares led the broad market lower. The Dow Jones Industrial Average plunged 638.11 points, or 1.94 percent, to 32,272.79. The S&P 500 decreased 97.95 points, or 2.38 percent, to 4,017.82. The Nasdaq Composite Index dropped 2.75 percent, to 11,754.23. (Courtney Crow/NYSE/Handout via Xinhua)

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U.S.-NEW YORK-STOCK MARKET-FALL

(220610) -- NEW YORK, June 10, 2022 (Xinhua) -- A trader works at the New York Stock Exchange (NYSE) in New York, the United States, June 9, 2022. U.S. stocks fell sharply on Thursday as tech shares led the broad market lower. The Dow Jones Industrial Average plunged 638.11 points, or 1.94 percent, to 32,272.79. The S&P 500 decreased 97.95 points, or 2.38 percent, to 4,017.82. The Nasdaq Composite Index dropped 2.75 percent, to 11,754.23. (Courtney Crow/NYSE/Handout via Xinhua)

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Toyota's FY 2014 group operating profit hits record 2.75 tril. yen

Toyota Motor Corp. President Akio Toyoda speaks at a press conference at its Tokyo office on May 8, 2015. He announced that Toyota's group operating profit for fiscal 2014 rose 20.0 percent from the previous year to a record 2.75 trillion ($22.93 billion) due largely to the yen's drop, topping the previous record of 2.29 trillion yen set in fiscal 2013. (Kyodo) ==Kyodo

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Toyota's FY 2014 group operating profit hits record 2.75 tril. yen

Toyota Motor Corp. President Akio Toyoda speaks at a press conference at its Tokyo office on May 8, 2015. He announced that Toyota's group operating profit for fiscal 2014 rose 20.0 percent from the previous year to a record 2.75 trillion ($22.93 billion) due largely to the yen's drop, topping the previous record of 2.29 trillion yen set in fiscal 2013. (Kyodo) ==Kyodo

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Toyota's FY 2014 group operating profit hits record 2.75 tril. yen

Toyota Motor Corp. President Akio Toyoda speaks at a press conference at its Tokyo office on May 8, 2015. He announced that Toyota's group operating profit for fiscal 2014 rose 20.0 percent from the previous year to a record 2.75 trillion ($22.93 billion) due largely to the yen's drop, topping the previous record of 2.29 trillion yen set in fiscal 2013. (Kyodo) ==Kyodo