U.S. inflation could remain above the Federal Reserve's targets for a long time based on current projections, and there is a risk of inflation expectations "de-anchoring," International Monetary Fund First Deputy Managing Director Gita Gopinath said on Wednesday.
EU industry chief Thierry Breton on Wednesday told Hungary to suspend discriminatory fuel pricing against vehicles with foreign licence plates or risk being taken to court, according to a European Commission letter seen by Reuters.
Canada on Wednesday launched a credit system for greenhouse gas reductions, a major part of its plan to cut carbon emissions, starting with a set of rules stipulating how projects can generate tradeable credits by capturing gas from landfills.
Canada on Wednesday launched a credit system for greenhouse gas offsets, a major part of its plan to cut carbon emissions, starting with a set of rules stipulating how projects can generate tradeable credits by capturing gas from landfills.
Euro zone interest rates rising to at least 0% by September seems like a done deal as inflation soars, but how high rates should go thereafter is dividing policymakers and economists in a bloc of 19 vastly different economies.
The Dow and the S&P 500 index slipped in choppy trading on Wednesday, pulled lower by shares of Intel after a bearish brokerage report, while the Nasdaq was propped up by gains in Tesla and Apple.
U.S. stock indexes fell on Wednesday as Amazon.com declined and chipmakers came under pressure after a bearish brokerage report on Intel, while higher oil prices deepened worries about global inflation.
U.S. stocks fell on Wednesday as Treasury yields rose above the psychologically important 3% level and oil prices jumped, fanning worries about inflation and the outlook for interest rates.
U.S. stocks ended lower on Wednesday as Treasury yields rose above the psychologically important level of 3% and oil prices jumped, fanning worries about inflation and the outlook for interest rates.
The European Parliament votes on Wednesday on eight climate change policies, with the outcome uncertain as concerns about soaring energy costs and inflation collide with Europe's commitments to fight global warming.
The European Parliament on Wednesday rejected a proposal to reform the European Union's carbon market and will send it back to a parliamentary committee to be redrafted, in a rare move that exposed divisions on the bloc's biggest climate change policy and could delay the measure.
The European Parliament on Wednesday rejected a proposal to upgrade the European Union's carbon market, an unexpected move that exposed divisions over the bloc's core climate policy and could delay negotiations to finish the measure.
The war in Ukraine has made the growth outlook far bleaker even though the global economy should avoid a bout of 1970s-style stagflation, the OECD said on Wednesday, slashing its growth forecasts and jacking up its inflation estimates.
Sales of green sovereign bonds are gathering momentum after being disrupted by the Ukraine war, with 12 billion euros ($12.8 billion) worth of debt raised in just the past two weeks and more deals lined up for the coming months.
Construction of new homes in Britain almost ground to a halt last month as builders feared the cost-of-living squeeze and rising interest rates would constrain demand, a closely watched survey showed on Wednesday.
Money markets ramped up their bets on European Central Bank (ECB) interest rate rises on Wednesday to price in more than 75 basis points (bps) of hikes by September.
European shares fell on Wednesday as a 6% slide in Credit Suisse following a profit warning dragged on lenders, while investors braced for the European Central Bank's meeting on Thursday and the U.S.
An international agreement on waiving intellectual property rights for COVID-19 vaccines is within reach ahead of a global trade meeting next week, the head of the World Trade Organization said on Wednesday.
Thailand's central bank left its key interest rate unchanged at a record low again on Wednesday, despite surging inflation, and raised slightly its 2022 growth forecast for the pandemic-hit economy.
Thailand's central bank held its key rate at a record low to ensure a continued economic recovery but said upside risks to both growth and inflation were reducing the need for the current accommodative policy stance.
If indeed there is an economic hurricane coming, then someone should shake the junk bond market.
The Reserve Bank of India's key interest rate was raised by 50 basis points on Wednesday as widely expected, in the second hike in as many months, in a bid to cool persistently high inflation.
The Reserve Bank of India's key interest rate was raised by 50 basis points on Wednesday as widely expected, the second hike in as many months, in a bid to cool persistently high inflation in Asia's third-largest economy.
The Reserve Bank of India's key interest rate was raised by 50 basis points on Wednesday as widely expected, the second hike in as many months, in a bid to cool persistently high inflation in Asia's third-largest economy.
Asia stocks rose on Wednesday, encouraged by a rally on Wall Street, but gains were kept in check by worries that aggressive central bank policy tightening will stifle global growth and raise the risks of stagflation.
European stocks fell on Wednesday and Wall Street futures were in the red as worries about weak global growth in the face of central bank tightening weighed on markets.
U.S. and European stocks slid on Wednesday as the outlook for rate hikes sullied sentiment, while bond yields rose after euro-zone gross domestic product beat expectations, adding to bets of a more hawkish European Central Bank.
Japan's current account surplus shrank sharply in April as record imports overwhelmed exports, swinging the trade balance into the red, data showed on Wednesday, stoking some concerns about the country's long-term purchasing power.
Japan's economy shrank slightly less than initially reported in the first quarter, as private consumption remained resilient in the face of resurgent COVID-19 infections, offsetting a drop in capital spending.
Japan's economy shrank slightly less than initially reported in the first quarter, as private consumption remained resilient in the face of resurgent COVID-19 infections and companies rebuilt their stock, offsetting a drop in business spending.
