Japanese household spending rose for the first time in six months in January on a year-on-year basis, largely because of weakness in the prior year, even as the fast spread of the COVID-19 Omicron variant likely weighed on consumption later in the month.
The war in Ukraine and massive sanctions against Russia have triggered a contraction in global trade, sending food and energy prices sharply higher and forcing the International Monetary Fund to lower its global growth forecast next month, IMF Managing Director Kristalina Georgieva said on Thursday.
The Russian attack on Ukraine may slow global growth and raise new economic risks, but top central banks are keeping their focus trained on an inflation fight that looks set to intensify as prices soar across the board, from fuel to food.
Fallout from Russia's invasion of Ukraine may be setting the stage for more gains in the dollar, upending investor expectations for a weaker greenback as geopolitical uncertainty and worries over European growth raise the U.S.
In the scramble by some bankers and financial industry executives to leave Moscow, Dubai is turning out to be a favorite location to land.
Early White House efforts to boost U.S. liquefied natural gas exports and cut Europe's reliance on gas from Russia after its invasion of Ukraine are proceeding slowly, because of concerns about climate change impacts, government and industry sources said.
White House efforts to boost U.S. liquefied natural gas exports and cut Europe's reliance on Russian gas after the invasion of Ukraine are proceeding slowly, because of concerns about the impact on climate change, government and industry sources said.
President Tayyip Erdogan's wager that Turkey could ride out an inflation and currency shock with low rates and reserves has all but collapsed, after the fallout from the war in Ukraine left the economy uniquely vulnerable to soaring energy prices.
The European Central Bank will stop pumping money into financial markets this summer, it said on Thursday, paving the way for an increase in interest rates as soaring inflation outweighs concerns about the fallout from Russia's invasion of Ukraine.
The European Central Bank plans to end asset purchases in the third quarter, it said on Thursday, accelerating its exit from extraordinary stimulus in a surprise move, as soaring inflation outweighs concerns about Russia's shock invasion of Ukraine.
U.S. consumer prices surged in February, with Americans digging deeper into their wallets to pay for rents, food and gasoline, and inflation is poised to accelerate further in the months ahead as Russia's war against Ukraine drives up the costs of crude oil and other commodities.
U.S. consumer prices surged in February, forcing Americans to dig deeper to pay for rent, food and gasoline, and inflation is poised to accelerate even further as Russia's war against Ukraine drives up the costs of crude oil and other commodities.
Sri Lanka's sudden devaluation of the local currency and imposition of import limits on hundreds of items is likely to disrupt value chains and push up consumer prices that are already sky high, analysts and retailers warned.
Retail gasoline and diesel prices soared to record highs in many countries across the world this week, prompting governments from Brazil to France to consider pumping up subsidies or trimming taxes to shield consumers from the financial strain.
The war in Ukraine is reviving a debate on whether natural gas is a climate friend or foe, as Europe's energy crisis triggers urgent calls for U.S.
The gusher of money the U.S. government poured into family bank accounts during the coronavirus pandemic, credited with speeding the rebound from the health crisis, may now help limit the economic damage from Russia's invasion of Ukraine and give the Federal Reserve more leeway in raising interest rates.
European Union leaders will prepare the ground on Friday for possible unexpected spending over the war in Ukraine, but will stop short of mentioning any new joint EU debt issuance, draft summit conclusions showed.
Indian retail inflation likely slipped marginally in February, thanks to lower food prices, according to economists in a Reuters poll who still warned that surging oil prices will push inflation much higher in the coming months.
Global share markets slid on Thursday as U.S. inflation hit almost 8%, making it almost certain the U.S.
A flattening yield curve and slumping consumer confidence have been warning for months that U.S.
Japan's wholesale inflation accelerated in February at the fastest pace in roughly four decades on rising fuel costs, a sign inflationary pressures were building up even before the Ukraine crisis triggered a broad-based surge in commodity prices.
European Union leaders will tackle ways to wean themselves off Russian fossil fuels on Thursday and debate how quickly to do so, with countries split over whether to sanction oil and gas imports as Moscow wages war in Ukraine.
European Union leaders are set to agree on Thursday to phase out their reliance on Russian fossil fuels, although countries are divided over whether to immediately sanction oil and gas imports as Moscow wages war in Ukraine.
European Union leaders are set to agree on Thursday to cut their reliance on Russian fossil fuels, although are divided over whether to cap gas prices and to sanction oil imports as Moscow wages war in Ukraine.
House price growth in Britain hit a new eight-month high in February as the housing market showed little sign of losing momentum amid a growing cost-of-living squeeze, a survey showed on Thursday.
Oil prices rose on Thursday following a sharp drop in the previous session as the market contemplated whether major producers would boost supply to help plug the gap in output from Russia due to sanctions for its invasion of Ukraine.
Oil prices rose on Thursday in volatile trade following a sharp drop in the previous session as the market contemplated whether major producers would boost supply to help plug the gap in output from Russia due to sanctions for its invasion of Ukraine.
Oil edged higher on Thursday after its biggest plunge in two years in the previous session, as uncertainty over Russian supplies roiled the market despite Moscow's reassurance over its contractual energy obligations.
Oil prices settled lower on Thursday after a volatile session, a day after its biggest daily dive in two years, as Russia pledged to fulfil contractual obligations and some traders said supply disruption concerns were overdone.
Oil prices settled about 2% lower on Thursday after a volatile session, a day after its biggest daily dive in two years, as Russia pledged to fulfil contractual obligations and some traders said supply disruption concerns were overdone.
