South Korea's main inflation rate slowed in August for the first time in seven months and came in below forecasts, but details of the price data released on Friday reinforced views inflation would stay elevated for a while.
Australia will increase its permanent immigration numbers by 35,000 to 195,000 in the current financial year as it looks to shift its focus toward long-term migrants, bringing some relief for businesses battling widespread staff shortages.
Australia's central bank will raise the cash rate by another half-point on Tuesday to curb soaring inflation but will moderate the pace of hikes for the remainder of the year, a Reuters poll of economists found.
New Zealand's house prices are forecast to fall 10% this year and 5% next as aggressive interest rate hikes take some heat out of a blazing housing market, but not enough to solve the ongoing affordability crisis, a Reuters poll found.
While the Federal Reserve and other central banks obsess over avoiding a 1970s style 'wage-price' spiral, U.S.
Argentina's central bank could hike the benchmark interest rate to 75% this month, a source with direct knowledge of the board's discussions said on Thursday, in a bid to support the embattled peso currency amid one of the world's highest inflation rates.
Colombia's inflation is forecast to have shown further upward growth in August, a Reuters poll revealed on Thursday, as consumer prices rose on food and housing costs, something that could push the country's central bank to keep hiking its benchmark interest rate.
U.S. stock indexes fell for the fifth straight session on Thursday as fresh signs of a tight labor market raised bets in favor of the Federal Reserve's aggressive approach, lifting bond yields and pressuring growth stocks.
The Bank of Canada is widely expected to deliver yet another oversized interest rate hike next week, lifting its policy rate into restrictive territory for the first time in two decades, but bets are split on whether or not a pause will follow.
The Italian government is preparing a new multi-billion euro package to help shield firms and families from surging energy costs and rising consumer prices, Foreign Minister Luigi Di Maio said on Thursday.
British businesses have increasingly high expectations for inflation and wage costs over the coming year, according to a Bank of England survey which is likely to boost policymakers' concerns that it will be hard to get inflation back to target.
Manufacturing activity across the euro zone declined again last month as consumers feeling the pinch from a deepening cost of living crisis cut spending, a survey showed on Thursday, providing more evidence of the growing risk of recession.
India's central bank is unlikely to give "shadow banks" exemptions from stricter bad-loan rules coming into force, sources told Reuters, essentially ending an advantage the non-bank financial firms have had over standard banks.
Persistent weakness last month in China's property market and manufacturing sector, which combined account for half of the country's gross domestic product, renews risks to its recovery already threatened by disruptions from widespread COVID curbs.
The main European stocks index skidded to its lowest in seven weeks in a rough start to September on deepening worries about aggressive rate hikes and record-high inflation in the region.
The European Union's markets watchdog said on Thursday it was on red alert for contagion after inflation stoked by Russia's invasion of Ukraine has threatened markets' ability to function in an orderly way.
Australia's housing market downturn is squeezing many home sellers into a double bind: They've taken out a mortgage for a new home but are holding out for a good deal on their old place, forcing them also to hold a bridging loan to cover their previous mortgage.
Indonesia's inflation rate eased more than expected in August, official data showed on Thursday, but economists said the rate is set to accelerate and more interest rate increases are likely amid expectation of a fuel price hike.
Oil prices dropped on Thursday, as investors were worried that aggressive interest rate hikes from global policymakers would slow economies and dent fuel demand, while renewed restrictions to curb COVID-19 in China also added pressure.
Crisis-hit Sri Lanka has reached a preliminary agreement with the International Monetary Fund (IMF) for a loan of about $2.9 billion, the international lender said in a statement on Thursday.
Asian stocks slid and the dollar spiked on Thursday as investors greeted September by selling everything that was not nailed down after a month battered by concerns about aggressive rate hikes from global policymakers.
India's lower-than-expected economic growth in April-June is unlikely to alter the course for the Reserve Bank of India that is anchored to taming inflation with more rate hikes, analysts said.
In less than two years at the helm of Citigroup Inc, Jane Fraser has unveiled plans to exit Russia in a bid to pare down risky assets and cull consumer businesses in 13 other countries to focus on multinational companies and the wealthy.
South Korea's export growth slowed in August but imports accelerated, widening the trade deficit to a record amount and adding downside pressure on the won, already hovering at over 13-year lows.
A new index that measures distress in the U.S. corporate bond markets showed a slight improvement in August, data released on Wednesday showed, suggesting an uptick in investor sentiment heading into U.S.
Canadian economic growth lagged in the second quarter and most likely dipped into negative territory in July, data showed on Wednesday, signaling the economy may be cooling more quickly than expected ahead of a rate decision next week.
When Riku Omori's pay at his regular job was slashed by a third, he found temporary work delivering fried chicken and Thai food on his bike on the streets of Kawasaki, south of Tokyo, as a way to supplement his reduced earnings.
A new wave of big private equity players including KKR & Co is moving in on Japan's property market, drawn by attractive yield spreads with Japan's low interest rates and by prospective deals with companies that hold under-utilised assets.
A blowout in visa processing times in Australia has left about a million prospective workers stuck in limbo, worsening the acute staff shortages that have crippled businesses and dampened economic sentiment.
U.S. private payrolls increased moderately in August, according to the ADP National Employment report, which likely exaggerates the slowdown in the labor market as government data continues to point to strong demand for workers and very tight conditions.
