At least 10 Indian states have announced over 1 trillion rupees ($12.6 billion), mainly in cash transfers and electricity subsidies, for households to combat inflation, according to government officials.
Foreign investors have stepped up purchases in a clutch of Indian government bonds that have no limits on foreign investment ahead of an anticipated inclusion of Indian debt in global bond indexes, analysts said.
Wall Street banks look set to report better efficiency ratios in the second half of the year, a key metric that deteriorated as global economic gloom sapped income from traditional profit centers and costs surged amid a battle for talent, analysts say.
Britain's jobless rate hit its lowest since 1974 but the drop was due mostly to a fall in the size of the workforce and there were other signs that the country's jobs boom is petering out, adding to the Bank of England's inflation headache.
Oil prices fell in volatile trade on Tuesday as investor concerns about lower demand in China, the world's biggest crude importer, and further increases in U.S.
India's annual retail inflation rate accelerated to 7% in August, driven by a surge in food prices, putting more pressure on the central bank to hike interest rates again later this month.
The number of people forced into modern forms of slavery by poverty and other crises has risen by a fifth in recent years to around 50 million on any given day, the U.N.
U.S. stock indexes were set to open higher on Monday as investors positioned themselves for a crucial inflation reading this week that could determine the pace of interest rate hikes by the Federal Reserve.
When the Shannon family announced the closure of their garden centre just off London's busy South Circular road after 33 years of trading this month, their message to customers sought to explain their difficult decision.
The U.S. Securities and Exchange Commission (SEC) is scheduled on Wednesday to propose draft rules to boost the resilience of the $23 trillion Treasury market, the world's largest bond market which serves as a benchmark for dollar assets globally.
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.
