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BBCNEWS Asia July 6, 2024

more than 1% each on tuesday. shares in several regional banks in the us have dropped sharply, as investors fear the banking crisis is not over. another area of concern is the labour market, which while still strong is showing signs of cooling. so what will america s central bank do and say? the bbc s michelle fleury reports from westchester, new york. losing momentum after nine rate hikes in the past year. the federal reserve s efforts to cool the us economy are having an effect. this is a chain that you ll see on like roller shades and vertical blinds. something bill, who runs a family owned manufacturing business in westchester, new york, is seeing first hand. right now, we re expecting some softness in the marketplace for probably six months or so. we re seeing a lot of softness in the marketplace as far as demand, the commitment in terms of like long term blanket orders with customers. we re not seeing that either right now. so we re having some challenges with tha ....

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BBCNEWS Asia Business Report June 4, 2024 23:34:00

Inflation was way too high and warned that there could be further rate hikes. the bank s governor acknowledged that inflation is now past its peak, but it will take awhile for it to fall back into the bank s target range of 2% to 3%. indian low cost carrier go first filed for bankruptcy with the country s national company law tribunal owing to severe cash flow crunch. the airline has blamed its us engine supplier pratt & whitney for not supplying working engines, which resulted in the airline s downfall. it has also cancelled flights for the next three days. go first becomes the second airline in the country to file for bankruptcy afterjet airways filed one in 2019. india business correspondent archana shukla filed this report. from planning an ipo early last year to filing bankruptcy. now go first story has really changed. the airline had been cash strapped for much of last year as nearly half of its aircrafts are grounded, 25 out of 61 airbus aircrafts reason faulty engines. now, the ....

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