Britain's economy grew by less than expected in July, with a fall in power production possibly reflecting the sharp climb in energy tariffs and the construction sector also hit by the leap in inflation, official data showed on Monday.
Germany's wet and windswept north has long lacked the economic appeal of the industrial south but the green transition and an energy crisis sparked by war in Ukraine is shifting the balance.
The euro jumped to a more than three-week peak versus the dollar on Monday and sterling rose to the highest this month as European Central Bank officials pushed the case for further aggressive monetary tightening.
More than a year after the Great Resignation took hold in the United States, Canada is grappling with its own greyer version: The Great Retirement.
Japan's government must take steps as needed to counter excessive declines in the yen, a senior government official said on Sunday, as the currency slides to its weakest level against the dollar in 24 years.
The U.S. Treasury on Friday issued new guidance on a proposed Western price cap on Russian oil exports, saying that maritime services providers would not be held liable for false pricing information provided by buyers and sellers of Russian crude.
Federal Reserve officials on Friday ended their public comment period ahead of the U.S.
Argentine farmers are under pressure to sell their soy stocks, with the government rolling out carrot and stick incentives and punishments for stock hoarding in the world's top exporter of soy oil and meal and the No.
Canada shed jobs for a third straight month in August and the jobless rate unexpectedly jumped to 5.4%, Statistics Canada data showed on Friday, hinting that higher interest rates are starting to cool the overheated economy.
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The Bank of England has received a boost in its fight against inflation - at least in the short term - from Prime Minister Liz Truss' huge power bill bailout, but it still looks set to raise interest rates sharply next week.
In essence, Fed chair Jerome Powell reaffirmed an early position that the spike in commodity prices was caused in the first place by a shift in the demand from services to goods during the pandemic.
Bank of Japan Governor Haruhiko Kuroda said rapid yen moves were undesirable after a meeting with Prime Minister Fumio Kishida on Friday, joining a chorus of policymakers lobbing verbal warnings over the currency's recent sharp drop to 24-year lows.
The dollar recoiled from recent peaks in Asia on Friday as a hawkish rate hike from the European Central Bank lifted the euro and investors looked to U.S.
Oil prices rose on Friday as investors considered Russia's threat to halt oil and gas exports to some buyers, but crude was set for a second straight weekly decline as central banks' aggressive rate hikes and China's COVID-19 curbs weighed on demand.
Asian shares crept higher as the dollar eased, with markets turning calmer after a record interest rate hike from the European Central Bank and hawkish comments from the U.S.
Front-loading interest rate hikes is a key strategy for the Bank of Canada as it battles the fastest rising prices in nearly four decades, a senior official said on Thursday, warning there was an ongoing risk of high inflation becoming entrenched.
European shares rose on Thursday led by gains in bank stocks after the European Central Bank delivered its biggest-ever interest rate hike to combat inflation, which is running at a half-century high and approaching double-digits.
The Federal Reserve is "strongly committed" to fighting inflation, but there remains hope it can be done without the "very high social costs" involved in prior campaigns to control surging prices, Fed Chair Jerome Powell said on Thursday.
Companies with the highest credit ratings in the world are engaged in a now-or-never U.S.
Germany's economy ministry is considering a raft of measures to make business with China less attractive as it seeks to reduce its dependency on Asia's economic superpower, two people familiar with the matter told Reuters.
Oil prices edged higher on Thursday, but remained near eight-month lows, as China's extension of COVID-19 lockdown measures exacerbated concerns a slowdown in global economic activity would hit fuel demand.
U.S. stock index futures slipped on Thursday after a broad market rebound in the previous session, with investors looking ahead to Federal Reserve Chair Jerome Powell's speech for clues on monetary policy tightening plans.
Sterling's slide against the dollar to a rate last seen in 1985 has sparked talk of a dramatic spiral downwards that ends in a collapse in confidence in British assets and a balance of payments crisis.
China debt markets lost $7.7 billion in August in a seventh straight month of portfolio outflows, data from the Institute of International Finance (IIF) showed, amid market jitters over the downturn gripping the world's second-largest economy.
The Bank of England said on Thursday it would move to a "more British style of regulation" for the country's huge financial services industry as it seeks to take advantage of Brexit.
Byzantine, politicised or just plain stupid, European Union fiscal rules have been called many names and changed many times.
Asian stocks rode a global rally on Thursday, making broad gains as oil prices steadied at lower levels not seen since before Russia's invasion of Ukraine, though China was an exception as weak data signalled more pressure on the COVID-hit economy.
Economic ministers from the United States and 13 Indo-Pacific countries launch negotiations on Thursday on Washington's first major pan-Asian trade engagement effort in nearly a decade, but this time any deal won't cut tariffs.
Wholesale gasoline prices are expected to keep falling in coming months as U.S.
