Category: News

March 31, 2023

Germany’s import price inflation eased to a two-year low in February due to a fall in energy prices for the first time since early 2021, data released by Destatis showed on Friday. The import price index rose at a slower […]

March 29, 2023

Vietnam’s economy slowed sharply in the first quarter of this year, with growth coming in at a much weaker than expected 3.3%, as its exporters were hit by rising costs and weaker demand, the General Statistics Office reported Wednesday. The […]

March 28, 2023

UK shop prices logged another record increase in March due to the historical growth in food and non-food prices, data from the British Retail Consortium showed Tuesday. The BRC- NielsenIQ shop price index increased 8.9 percent on a yearly basis […]

March 23, 2023

The Senate Banking Committee on Thursday called on the former chief executives of Silicon Vally Bank and Signature Bank to testify as lawmakers weigh possible action after the banks’ failures triggered market turmoil. “You must answer for the bank’s downfall,” […]

March 23, 2023

The average long-term U.S. mortgage fell for the second straight week which, combined with moderating home prices, could give house hunters a break and the housing market a boost as the spring buying season begins. Mortgage buyer Freddie Mac reported […]

March 17, 2023

The biggest banks in the US placed $30 billion in deposits at struggling First Republic Bank in the wake of increased withdrawals from nervous customers at midsized US banks. The first domino to fall was Silicon Valley Bank, followed by […]

March 14, 2023

Headline inflation (y/y) in the US fell by 0.4% to 6% in February, in line with analysts’ expectations, while core inflation nudged 0.1% lower to 5.5%, also in line with forecasts. According to the US Bureau of Labor Statistics, ‘The […]

March 14, 2023

Stocks are leaping on Wall Street Tuesday, as some of the most breathtaking moves from a manic Monday reverse course. The S&P 500 was 1.8% higher in midday trading after a report showed inflation is still high but heading lower. […]

March 7, 2023

The Philippines’ consumer price inflation slowed marginally in February from a more than 14-year high in January amid a slowdown in transport charges, data from the Philippine Statistical Authority showed on Tuesday. The consumer price index, or CPI, climbed 8.6 […]

March 3, 2023

Elusive for decades, inflation is now hard to miss across the global economy. Percentage price rises run to double digits in Europe. Even where they are more restrained, in the United States, say, or Australia and New Zealand, official data […]

March 1, 2023

The recent rally in US Treasury yields is showing signs of fatigue ahead of key US economic data. Stronger-than-expected US data this month – the Economic Surprise Index is at its highest level since April — has led to a […]

February 27, 2023

Inflation is back. After decades of such docility that some declared it dead for good, prices are up everywhere, crushing consumers and ruining politicians’ days (good luck getting anyone to vote for you when their cost of living spirals upward). […]

February 24, 2023

Tensions over Russia’s war on Ukraine flared Friday at meetings of financial chiefs of the Group of 20 leading economies, where geopolitics affected the atmosphere if not the agenda of the gathering in the Indian technology hub of Bengaluru. U.S. […]

February 24, 2023

Joe Biden claimed Russia’s economy would be “cut in half”, while Boris Johnson spoke of squeezing it “piece by piece.” A year has passed, but that great promise has been slow to deliver. “The Russian economy and system of government […]

February 23, 2023

The U.S. economy appears to be exhibiting strength early this year, after posting solid, but slightly weaker, growth at the end of 2022. Gross domestic product, a broad measure of the goods and services produced across the U.S., rose at […]

February 23, 2023

The U.S. economy expanded at a 2.7% annual rate from October through December, a solid showing despite rising interest rates and elevated inflation, the government said Thursday in a downgrade from its initial estimate. The government had previously estimated that […]

February 23, 2023

The number of Americans filing for jobless aid fell last week as the labor market remains resilient in the face of the Federal Reserve’s interest rate increases meant to cool the economy. Applications for unemployment benefits in the U.S. for […]

February 21, 2023

According to a key measure of activity (the purchasing manager’s index), the economy is not contracting, but is expanding, at a decent whack too. It may be too early to conclude that the UK will avoid a recession – but […]

February 17, 2023

U.S. Treasury Secretary Janet Yellen will travel to India next week for G20 finance meetings that will focus on unblocking distressed-country debt restructuring, boosting support for Ukraine and reforming multilateral development banks, a Treasury official said. Yellen will join fellow […]

February 16, 2023

Fewer Americans filed for jobless benefits last week despite efforts by the Federal Reserve to loosen the labor market with higher interest rates as it tries to cool the economy. Applications for jobless aid in the U.S. for the week […]