Japan’s core consumer inflation hit 2.1% for two straight months in May. The rise was due almost entirely to soaring energy prices, Governor Haruhiko Kuroda said. Core consumer inflation may stay around 2% for about a year. But is likely to slow to around 1% in the next fiscal year. The Bank of Japan BOJ … Read more
Asian and European shares mostly rise as investors regain composure after last week’s fall. Analysts warn of more pain after central bank officials hint at future interest rate hikes. Wall Street reopens today and is anticipated to surge higher as traders catch up after a three-day holiday. Most markets rise as investors regained their composure … Read more
Japan’s Bank of Japan chose not to hike interest rates to battle rising. World Bank has slashed its forecasts for global growth. The European Central Bank is expected to signal an end to its bond-buying. Stock markets fell on Wednesday as investors assessed the potential of a recession as global inflation rose. The yen plummeted … Read more
LONDON: Britain’s unemployment rate has fallen below four percent to reach its pre-pandemic level, official data showed Tuesday. The UK unemployment rate dropped to 3.9 percent in the three months to the end of January from 4.1 percent in the final quarter of last year, “returning to pre-coronavirus pandemic levels”, the Office for National Statistics … Read more
