Japanese Yen Falls to a 24-Year Low Against the Dollar as U.S. Yields March Higher
The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and U.S. benchmark yields widened after red hot U.S. inflation data [...]
Oil Extends Losses on Beijing's COVID-19 Warning and Inflation Concerns
Oil prices dropped more than $2 on Monday as a flare-up in COVID-19 cases in Beijing dashed hopes for a rapid pick-up in China's fuel demand, while worries about global [...]World Bank Slashes China's Economic Growth Citing Covid Distractions
The World Bank has sharply slashed its annual growth forecast for China, warning in a report that Covid disruptions could further slow recovery in the world’s second-largest economy. China is [...]U.S Inflation Rises to a 40-Year High of 8.6% in May
U.S inflation accelerated to a fresh 40-year high in May, a sign that price pressures are becoming entrenched in the economy. The consumer price index, a wide-ranging measure of goods [...]India's Central Bank Hikes Intrest Rate by 50 bps to Curb Inflation
India’s central bank raised the key interest rate for a second straight month and pledged to withdraw the pandemic-era accommodation as it steps up its fight to tame prices that [...]EU Countries Agree to Single Charger Standard, In Blow To Apple
European officials on Tuesday agreed to the text of a proposed law imposing a standard charger for smartphones, tablets and laptops sold in the bloc, in a blow to Apple. [...]World Bank Slashes 2022 Global Growth Forecast to 2.9%
The World Bank on Tuesday slashed its global growth forecast and warned that many countries could fall into recession as the economy slips into a period of stagflation reminiscent of [...]Thailand's Inflation Jumps to Near 14-Year High in May on Soaring Oil Prices.
Thailand's headline inflation rose at a much faster pace than expected in May, hitting a high of nearly 14 years on soaring energy prices and the end of some government [...]Sri Lanka's Inflation Hits a Record High of 39% in May Amidst Tax Hikes
Sri Lanka’s headline inflation surged to a record in May amid continuing food and fuel shortages as the country struggles to lift itself out of its worst economic crisis. Consumer [...]Oil Prices Jump after EU Leaders Agree to Ban Russian Importers
Oil prices jumped after EU leaders reached an agreement late Monday to ban 90% of Russian crude by the end of the year. During Asia hours on Tuesday, U.S. crude futures for [...]Germany's Inflation Hits New High of 7.9% in May
Germany’s annual inflation rate climbed to a new record of 7.9% in May, up from 7.4% in April, according to a report by Bloomberg. Germany's consumer prices increased to 8.7% [...]Oil Prices Hit Highest in 2 months as Shanghai Eases Lockdown Restrictions
Oil prices climbed on Monday, hitting their highest in more than two months, as traders waited to see if the European Union would reach an agreement on banning Russian oil [...]
