May 11, 2022
May 11, 2022

US retail gasoline prices soar

Retail gasoline prices in the United States rose on Tuesday and hit another all-time record, surpassing one set in March, as global refineries grappled with a bottleneck that has sent prices...

May 11, 2022
May 11, 2022

Dollar hits 20-year high

The US dollar reached a new 20-year high on Monday as risk-off sentiment stemming in part from concerns over the Federal Reserve’s ability to combat high inflation boosted the greenback’s safe...

May 10, 2022
May 10, 2022

G7 countries pledge to stop Russia oil imports

The G7 club of wealthy nations committed Sunday to phasing out its dependency on Russian oil and issued a scathing statement accusing President Vladimir Putin of bringing  “shame” on Russia with...

May 8, 2022
May 8, 2022

US, Chinese regulators in talks for audit deal

US and Chinese regulatory officials are in talks to settle a long-running dispute over the auditing compliance of US-listed Chinese firms, three people briefed on the matter told Reuters.

May 8, 2022
May 8, 2022

Solid job growth continues in recovering US economy

From bars to factories to warehouses, American businesses hired staff with vigor in April as the US economy recovers from the damage done by Covid-19 while grappling with inflation that has hit the...

May 8, 2022
May 8, 2022

Fed makes biggest rate hike since 2000

The Federal Reserve announced its biggest rate hike since 2000, with a half percentage point increase as it works to crush soaring US inflation.

May 1, 2022
May 1, 2022

Big Fed rate hikes ahead

US Federal Reserve policymakers look set to deliver a series of aggressive interest rate hikes at least until the summer to deal with hot inflation and surging labour costs, even as two reports...

April 27, 2022
April 27, 2022

World faces biggest energy shock since 1970s: WB

Energy prices have surged since the Russian invasion of Ukraine and, along with other commodities, are likely to remain at  “historically high” levels through 2024, endangering economic growth, the...

April 25, 2022
April 25, 2022

Strong likelihood of ECB rate hike

If the wave of inflation gripping the eurozone doesn’t abate, ECB chief Christine Lagarde said on Friday she sees  “a strong likelihood” that the bank will hike rates before 2022 ends.

April 25, 2022
April 25, 2022

Global stocks slide on jitters over higher interest rates

Global stock markets dropped sharply Friday as the latest hawkish commentary from the Federal Reserve sent investors fleeing equities on worries over higher interest rates.