Mortgage demand fell to a 25-year low last week, as unrelenting inflation and high interest rates cool demand.
The plan is intended to add enough supply to prevent oil price spikes that could hurt consumers and businesses, while also assuring the nation's drillers the government will swoop into the market as a buyer if prices plunge too low.
Faced with the challenge of unrelenting inflation, the Federal Reserve may raise interest rates again in November.
To have a work-life balance, a well-paying job with low stress is essential. From mathematician to manager, there are options to earn over $100,000 per year.
To catch up with the U.S., China needs much more than a dose of incentives and foreign technology.
Kroger and Albertsons to merge for $24.6B, making it the largest supermarket chain in the United States in a bid to compete against Amazon, Walmart
Singapore tightened monetary policy as expected for the fourth time this year to combat inflation running near a 14-year high, and left the door open for further policy action as it warned of risks to the growth and price outlook.
Japan's solo battle against an overvalued U.S. dollar may feel a little lonelier after it met G7 finance chiefs in Washington this week - and possible yearend market ructions may see its allies regret that.
The European Central Bank is considering entering the maelstrom of volatile world markets to start winding down its massive bond holdings - just as governments scale up spending to respond to an energy crisis likely to induce a recession.
Indian consumers are lapping up everything from cars, houses and television sets to travel and jewellery in the festive season that began last month
Oil prices reversed earlier losses and inched up in Asian trade on Friday, supported by a weaker U.S.
American businessman Brody Shores' furniture business in China grew on a model that leaned heavily on the promise of an enduring property boom and homebuyers desperate for fully furnished new apartments.
Chad's creditors on Thursday said they had agreed that the African country did not need debt relief at the moment given a surge in oil prices, but committed to reconvene if a financing gap was identified.
Japan's currency intervention last month to stop a sharp slide in the yen was likely a "signaling action" to smooth volatility, though the impact of such moves tend to be short-lived, a senior International Monetary Fund official said on Thursday.
International Monetary Fund Managing Director Kristalina Georgieva on Thursday rebuked Britain over its planned tax cuts, telling its finance minister and central bank chief that their policies should not be contradictory.
Inflation in the U.S. has persisted, as the latest CPI data Thursday showed bleak numbers.
A Bank of England fix to ease pension schemes' cash crunch by getting banks to assume the role of rescue lender is being shunned by some of the biggest banks, who say the returns on offer do not reward the risks involved, sources said.
British government bond prices rose strongly on Thursday after reports that Prime Minister Liz Truss's government was considering a U-turn on some of the measures in its late-September "mini-budget" that triggered a historic gilts slump.
Neither side is backing down in a battle of wills over oil between Saudi Arabia's Crown Prince and U.S.
U.S. consumer prices increased more than expected in September as rents surged by the most since 1990 and the cost of food also rose, reinforcing expectations the Federal Reserve will deliver a fourth 75-basis-point interest rate hike next month.
European stocks reversed gains on Thursday after another hot inflation reading from the United States spurred expectations that the Federal Reserve was likely to stay aggressive in its fight against inflation.
Wall Street futures ticked higher on Thursday, ahead of a closely watched U.S.
Federal Reserve officials are pushing back on investors' mounting concerns that the U.S.
John Ehresmann loves that the cost of shipping an ocean container from Asia to a U.S. port or buying a load of lumber has fallen back to earth.
India's central bank has been consistently missing its inflation projections over the last two and half years mainly due to extreme weather conditions that drove up food prices, economists said on Thursday.
Euro zone borrowing costs edged lower on Thursday as investors paused for breath ahead of key U.S. economic data after driving government bond yields to fresh multi-year highs.
Israelis are as fed-up with soaring prices as they are with the country's seemingly never ending elections.
The Reserve Bank of India, seeking to arrest the rupee's slide, is asking local banks to not build additional positions in the non-deliverable forward market, a move that could lead to offshore volatility spilling into local markets, bankers and traders said.
Oil prices struggled to find their footing in Asian trade on Thursday after easing in the previous session on the back of a weakening global demand outlook.
Asian stocks followed Wall Street lower and bond yields remained depressed on Thursday as investors weighed the risks of global recession amid hawkish Federal Reserve rhetoric and uncertainty about the Bank of England's commitment to stabilising markets.
