Bitcoin dipped in Monday morning trading in Asia but remained above the US$28,000 resistance level, while most other top 10 non-stablecoin cryptocurrencies traded lower following a week unsettled by U.S. regulators’ litigation against the world’s […]
SYDNEY, April 3 (Reuters) – Oil prices surged on Monday after Saudi Arabia and other OPEC+ oil producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after […]
March 31 (Reuters) – Stock markets in the United Arab Emirates fell on Friday as investors awaited key U.S. inflation data due later in the day for clues on future interest rate moves by the […]
Inflation has started to show signs of easing from the multi-decade highs reached in many countries following Russia’s full-scale invasion of Ukraine. The latest figures for most of the world’s largest economies still make for […]
EUR/USD bulls take a breather around the intraday high of near 1.0815 as traders seek more clues to extend the two-day run-up during early Tuesday. It’s worth noting that the comparatively upbeat catalysts from Eurozone […]
Washington—The United States will likely enter a recession this year and face high inflation well into 2024, a majority of economists predicted in their response to a semiannual survey. More than two-thirds of respondents to […]
The Dollar traded little changed on Tuesday after strong consumer price data revived the likelihood that the Federal Reserve will hike interest rates next week as fears of turmoil spreading in the banking sector faded. […]
U.S. companies from truck maker Oshkosh Corp. to consumer-goods conglomerate Newell Brands Inc. are moving away from “last-in, first-out” accounting, or LIFO, for their inventory, as inflation continues to pressure businesses’ earnings. Elevated inflation has weighed on companies’ earnings over […]
The euro traded higher against the U.S. dollar Wednesday, following comments from the European Central Bank President Christine Lagarde that inflation is “still high.” The euro was up by roughly 0.2% against the U.S. currency around 9 a.m. London […]
LONDON, March 22 (Reuters) – British inflation unexpectedly rose to 10.4% in February, pushed up by higher food and drink prices in pubs and restaurants, according to official data which is likely to prompt the […]
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