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China cuts 5-year loan prime rate more than expected, 1-year LPR left unchanged

© Reuters. Investing.com -- The People’s Bank of China cut its five-year benchmark loan prime rate by a bigger-than-expected margin on Tuesday, loosening monetary conditions further in a bid to support a slowing economic recovery in the country.  The PBOC cut its , which is used to determine mortgage rates, to 3.95% from 4.20%. Analysts…

Saudi Arabia sees medium-term non-oil growth at over 5%, below previous estimate

© Reuters. File photo: A general view of the car market as people gather to buy vehicles before the expected increase of VAT to 15% in Riyadh, Saudi Arabia June 27, 2020. REUTERS/Mohammed bin Mansour/File photo By Alexander Cornwell and Pesha Magid RIYADH (Reuters) -Saudi Arabia's non-oil growth is expected to come in above 5%…

Germany likely in recession, Bundesbank says

© Reuters. People watch the rising sun which illuminates Berlin's skyline, framing the Fernsehturm (Television Tower) and the Berliner Funkturm (Berlin Radio Tower), Germany, September 7, 2023. REUTERS/Fabrizio Bensch/File Photo FRANKFURT (Reuters) - Germany is likely in recession now as external demand is weak, consumers remain cautious and domestic investment is held back by high…

China central bank leaves key policy rate unchanged under shadow of Federal Reserve

© Reuters. A man wearing a mask walks past the headquarters of the People's Bank of China, the central bank, in Beijing, China, as the country is hit by an outbreak of the new coronavirus, February 3, 2020. REUTERS/Jason Lee/ File Photo SHANGHAI/SINGAPORE (Reuters) - China's central bank left a key policy rate unchanged as…

USD/JPY Price Analysis: Holds above 150.00 ahead of the weekend

USD/JPY advances to 150.16, lifted by US inflation figures and positive consumer outlook. Fed's Bostic and Daly call for a cautious stance on rate cuts, advocating patience. Technical outlook suggests bullish potential for USD/JPY, eyeing targets beyond 151.00 with key supports in focus. The USD/JPY is set to finish the day and the week positively,…

Mexican Peso is heavy amid Fed officials cautious comments on high US inflation

Mexican Peso drops amid strong Dollar, fueled by ongoing inflation signs and upbeat consumer sentiment. Anticipation for Mexico's Retail Sales, Q4 GDP and mid-February inflation data could influence Banxico's policy direction. US PPI surge in January and positive consumer sentiment sponsor USD/MXN upside. The Mexican Peso (MXN) depreciated against the US Dollar (USD) on Friday…

Laser Ablation Shows Promise for Removing Bridge Coatings

Workers removed rust and paint from a Connnecticut bridge using laser ablation.                                  Photo courtesy of Adapt Laser  It’s not quite a ray gun, nor is it a hand-held vacuum. But a 1,000-watt laser that crews recently tested on a Connecticut…

Coalition Seeks Revamp of OMB Oversight of Buy America Policies

IIJA expanded Buy America's reach to include many more projects.Graphic by ENR Art Dept. Four leading construction industry groups, unhappy with the White House Office of Management and Budget's implementation of federal Buy America requirements, are calling for a major shift in the administering of the rules. The coalition would prefer that OMB focus on…

AI-based Tool Optimizes Construction Schedules Straight From P6

ALICE Technologies' artificial intelligence-backed scheduler no longer requires a full building information model and can optimize construction activities directly from an Oracle Primavera P6 file. Screenshot courtesy of ALICE Technologies. Unearthing the insights to improve a construction schedule and solve problems before they happen is no small task, but a new artificial intelligence-based tool from…

People think buy-now-pay-later is helping them improve their credit. They’re wrong.

Consumers are making one crucial miscalculation when they use buy-now-pay-later services: They believe it will help them build their credit, but in fact it won’t, according to a New York Federal Reserve analysis of the reasons shoppers turn to such payment options. “Consumers think they’re building credit history with buy-now-pay-later, and that’s highly problematic, and…

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