Bull snake growth rate

FILE PHOTO: More commuters are out in Metro Manila after a lowered COVID-19 alert level. INQUIRER/RICHARD A. REYES MANILA, Philippines — COVID-19 growth rate in Metro Manila slid down to five percent this week, indicating that cases in the capital region may peak next week, independent analytics group Octa Research said on Wednesday. Octa Research fellow Dr. Guido David said the COVID-19 growth rate in the National Capital Region (NCR) dropped to 5% as of August 9 from 14% last August 2. The reproduction number, meanwhile, went down to 1.17 as of August 6 from 1.24 last August 2. New COVID-19 infections recorded on August 8 and 9 have also gone lower to to 1,452 and 828, respectively. The positivity rate in the capital region likewise dipped from 17.4 percent to 15.9 percent. “This once again gives us hope that the peak of the wave in the NCR may occur by next week (no guarantees, of course),” David posted on Twitter. NCR growth rate down to 5%. Rt = 1.17. HCUR … [Read more...] about COVID-19 growth rate in Metro Manila drops to 5%, cases may peak next week — Octa

The International Monetary Fund (IMF) has cut its gross domestic product (GDP) growth forecast for India for the current financial year by 80 basis points to 7.4 percent. A similar downgrade has been made to the growth forecast for FY24, which now stands at 6.1 percent as against 6.9 percent earlier. "For India, the revision reflects mainly less favourable external conditions and more rapid policy tightening," the IMF said on July 26 in an update to its World Economic Outlook report. Russia's invasion of Ukraine in late February disrupted supplies of crucial commodities, pushing up prices globally. Consequently, key central banks in the developed world, such as the US Federal Reserve, have begun tightening their monetary policies in earnest to cut down multi-decade high inflation . This has exerted further pressure on the Indian rupee, which has hurtled to multiple record lows in recent weeks and last week breached the 80-per-dollar mark for the first time . Close … [Read more...] about IMF cuts India’s FY23 growth forecast by 80 bps to 7.4%

Accelerating inflation has cooled the Philippines’ second-quarter economic growth to 7.4 percent, below market expectations, the government reported on Tuesday. Gross domestic product (GDP) expansion during the April-to-June period was lower than 8.2 percent a quarter ago and 12.1 percent a year ago, National Statistician Dennis Mapa said in a press briefing. The majority of economists watching the Philippines had projected a sustained above 8-percent growth for the second quarter. Also, Mapa said second-quarter GDP or the total goods and services produced in the country was smaller than the first-quarter output by 0.1 percent. “Transportation and storage, manufacturing, human health and social work activities were the top contributors to the [quarter-on-quarter] decline,” the Philippine Statistics Authority (PSA) said in a statement. Socioeconomic Planning Secretary Arsenio Balisacan nonetheless noted that the Philippines was the second-fastest growing economy in emerging … [Read more...] about Soaring inflation cools PH Q2 GDP growth to 7.4%

According to Mustapa, the number of unemployed decreased to 630,600 in June, from 637,700 people the previous month. (Photo by Zahid Izzani Mohd Said/The Edge) - A + A KUALA LUMPUR (Aug 9): The unemployment rate continued to show a downward trend, recording 3.8% in June — the lowest since the Covid-19 pandemic hit the country — said Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed. He said the number of unemployed decreased to 630,600 in June, from 637,700 people the previous month. Citing the June 2022 Malaysian Labour Force Statistics published by the Department of Statistics Malaysia on Tuesday (Aug 9), Mustapa said the country had reached full employment since April, in terms of the unemployment rate being below 4% as defined by the Organisation for Economic Co-operation and Development. Therefore, he said the position of the labour force was more stable following an increase in the number of workers of 0.2% to 16.57 million … [Read more...] about Malaysia’s unemployment rate down to 3.8% in June, lowest since Covid-19 pandemic struck

Share to Twitter Share to Linkedin Robert Amoruso is the Founder and CEO of Gideon Strategic Partners , a boutique investment advisory firm based in Santa Monica. One of the fastest-growing asset classes over the past five years has been private credit, which has catapulted to an estimated $1.6 trillion market as interest rates sank and bond yields lost their luster. Spurred by the 2008 exit of merchant banking, in addition to issues with syndicated loan platforms, private credit funds have aggressively captured a share from the traditional bank channels. Conventional wisdom would dictate that if private credit saw a boost in a declining interest rate environment, the asset class should suffer as the Federal Reserve Board continues to hike rates to stave off inflation. However, private credit’s concentration in floating rate credits put these strategies in lockstep with rising interest rates. Opportunities For UHNW Investors There … [Read more...] about How Rising Interest Rates Affect Private Credit

Share to Twitter Share to Linkedin Topline The number of Americans who changed their addresses in May and June dropped nearly 10% this year, according to a new Pew Research Center report released Monday, as rising interest rates and rents cause fewer Americans to move. Key Facts Fewer people moved into every state this year compared to in May and June of 2021, with Maryland and New York facing the biggest drop (14%) followed by California and Louisiana (13%), according to the report, which used data from the United States Postal Service. The smallest year-over-year decreases were in Maine (1%), Delaware (3%) and Michigan, Mississippi and New Mexico (4%). Some of the areas with the biggest decreases were Manhattan’s Upper East Side neighborhood, where moves decreased to 1,371 in May and June (a 44% year-over-year decline), as well as Southwest Washington D.C. (32% decline) and Chicago’s Streeterville neighborhood (30%), according to Pew … [Read more...] about Fewer Americans Are Moving This Year Amid Rising Interest Rates And High Rents

RBI Governor Shaktikanta Das. (File photo) Dear Reader , A day before the monetary policy announcement, the yield on the 10-year bond fell sharply on a media report that the MPC would signal a pause after Friday’s hike. Thankfully, the MPC held firm, refusing to oblige the bond markets. Not only did it increase the repo rate by 50 basis points, but also the MPC signalled more rate hikes in future by refusing to tone down its ‘withdrawal of accommodation’ stance. Much is being made of the fact that the policy rate is now at the pre-pandemic level. At 5.4 percent, the repo rate is now back to where it was in September 2019. But that is n​o big deal. GDP growth was a measly 3.7 percent in 2019-20 compared to RBI’s projection of 7.2 percent in 2022-23; retail inflation was a much lower 4.8 percent in 2019-20, compared to a projected 6.7 percent for 2022-23; the current account deficit was a comfortable 0.9 percent of GDP in 2019-20 as against projections of around 3 percent … [Read more...] about Moneycontrol Pro Weekender | Shaktikanta Das refuses to pivot

Representative Image In the August Monetary Policy Committee (MPC) meeting, RBI Governor Shaktikanta Das said that the Indian Rupee (INR) has fared “much better than several reserve currencies as well as many of its EME and Asian peers”. The Governor also added that the INR has depreciated “more on account of the appreciation of US dollar rather than weakness in macroeconomic fundamentals of the Indian economy”. Of late, there has been a lot of discussion around the INR. Towards the end of July, the rupee touched 80 against a US dollar , leading to discussions that it is a sign of a weakening Indian economy. But, is this the case? First, exchange rate increasing or decreasing against a foreign currency is not a sign of weakness or strength. In fact depreciation of the currency is often cited as a positive development for the domestic economy. If a currency depreciates against a foreign currency, the exports become cheaper with respect to the other country, and imports … [Read more...] about USD vs INR | India’s macroeconomic fundamentals are strong

Key Takeaways Analysts estimate adjusted EPS of 95 cents vs. 80 cents in Q3 FY 2021. Disney+ subscribers are expected to rise YOY, but at the slowest pace in at least seven quarters. Revenue is expected to grow at a solid rate, but to slow compared with the past several quarters. The Walt Disney Co. ( DIS ) business has recovered strongly in recent quarters as the company has emerged from the extreme impact of the COVID-19 pandemic on its theme parks and live experiences. And while most of the company's parks have reopened, business growth is also being fueled by Disney's popular streaming platforms. Both Disney+ and Disney-owned Hulu have experienced sharp increases in subscriptions in recent quarters. But the prospect of ads being sold on the service and other business concerns for the streaming industry more broadly continue to loom. Investors will be watching to see how Disney navigates this environment when it reports earnings on Aug. 10, 2022, for Q3 FY … [Read more...] about Disney Q3 FY 2022 Earnings Report Preview: What to Look For

- A + A (Aug 10): China’s consumer inflation accelerated in July to the highest level in two years, largely due to surging pork costs, while weak consumer demand kept overall price pressures in check. The consumer price index (CPI) rose 2.7% last month from a year earlier, as pork prices surged 20.2%, National Bureau of Statistics (NBS) data showed on Wednesday (Aug 10). The pickup in the CPI was lower than the 2.9% median estimate in a Bloomberg survey of economists, and compares with a 2.5% growth in June. Producer price inflation, meanwhile, slowed to 4.2% in July, from 6.1% in June, as commodity prices weakened. In contrast to other major economies, consumer inflation in China has been relatively subdued this year, as strict Covid-19 control policies and sporadic outbreaks curbed consumer and business spending. Those virus flare-ups — along with global headwinds and an ongoing real estate crisis — have kept China’s economic recovery fragile, with factory … [Read more...] about China’s consumer inflation reaches two-year high as pork surges