The annual inflation rate has dropped to 11.73 percent. The monthly rate came in at 0.47 percent, down sharply from April. The annual rate remains well above the central bank’s target of 3.5 percent. Brazil’s inflation rate fell in May, according to the government, providing some relief to hard-hit consumers, though rising prices continue to … Read more
Japan’s economy shrank an annualized 0.5% in January-March. That was a more modest drop than the primer perusing of a 1.0% fall delivered the month before. Steady production network disturbances stay a gamble to financial energy in April-June. Japan’s economy shrank somewhat not exactly at first revealed in primary quarter, as confidential utilization stayed strong … Read more
When the tide goes out you find out who becomes swimming bare, Warren Buffett memorably said. The tide’s truly long gone out in markets this yr, but finance has come via with few troubles. Is it possible that this time no longer many had been skinny-dipping? The positive view is that the everyday culprits—speculators using … Read more
BEIJING: The Chinese yuan is likely to hold its strength as a safe haven for global investors seeking shelter against geopolitical conflicts, leaving more policy space for China’s central bank to support the economy, experts said on Thursday. The currency is expected to stay appealing even amid the looming interest rate hikes by the US … Read more
BRUSSELS: Economic growth in the eurozone slowed sharply in January, a key survey showed on Monday, as new coronavirus restrictions hit consumer spending, raising a new obstacle for the region’s recovery. In its closely watched monthly survey, IHS Markit said the deceleration, which brought growth to an 11-month low, was completely attributable to the services … Read more
TOKYO: Japan’s core consumer prices edged up year-on-year in December for the fourth month running, buoyed partly by higher energy prices, government data showed on Friday. The core consumer price index, which excludes volatile fresh food prices but includes fuel costs, was up 0.5 per cent in December, following similar rises from September to November. The … Read more
LONDON: British annual inflation accelerated in December to its highest level for almost three decades, official data showed on Wednesday, fuelled by price gains for clothing, food and furniture. The rate hit 5.4 per cent last month after striking a decade-high in November on jumping fuel costs, the Office for National Statistics said in a statement. … Read more
WASHINGTON: Holiday events have been scrapped in droves, thousands of flights canceled, cruises are now off limits: the Omicron variant has wreaked havoc in the United States, and the New Year could see more issues exacerbating the worker shortage and price increases. “We are starting to see some initial signs that Omicron is having an impact … Read more
