Wall Street climbs as inflation slows down, S&P 500 erases loss

Most US stocks climbed on Tuesday following an encouraging report that showed inflation unexpectedly slowed across the country last month. The S&P 500 was up 0.8% in midday trading,...

Buy less

Federal Reserve likely to defy Trump, keep rates unchanged

The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite weeks of harsh criticism and demands from President Donald Trump that the Fed reduce...

Inflation and hotel prices curtail Japanese ‘Golden Week’ travels

Japan’s annual “Golden Week” holiday period gets into full swing Saturday, but inflation and hotel prices sent soaring by record inbound tourism have left domestic travellers less eager to...

Precious things

IMF warns of ‘intensified’ risks to public finances amid trade war

Donald Trump’s tariff plans have increased the risks to public finances, the International Monetary Fund said Wednesday, warning countries to get their spending plans under control and prepare for...

Eurozone inflation to stabilise at the 2 per cent target of ECB

Eurozone inflation could be a touch higher this year than earlier thought but will then stabilise at the European Central Bank’s 2 per cent target, the bank’s Survey of...

ECB cuts rates again to help economy weather US policy

The European Central Bank (ECB) cut interest rates for the seventh time in a year on Thursday and warned that economic growth will take a big hit from US...

Panic buying

US producer inflation muted in March before import tariffs blast

US producer prices notched their first monthly decline in nearly 1-1/2 years in March as gasoline prices plunged, but tariffs on imported goods are expected to significantly boost inflation...