While millions are fretting whether they can afford another $1,000 on energy this year, others are still splashing out on $10,000 Hermes handbags as soaring prices leave wealthier people relatively unscathed.
Portugal's economy lost momentum in the second quarter after a very strong start to the year, with inflation at a three-decade high weighing on private consumption, official data showed on Friday.
Japan has included measures to respond to currency moves as items for consideration in its fiscal 2023 budget to be drawn up late this year, the budget guideline showed on Friday, in a sign of a warning to investors against selling the yen.
Japan kept the expected timing for achieving a primary balance surplus unchanged at fiscal 2026, suggesting that the government will not meet its goal of realising a surplus by fiscal 2025 despite rising tax revenues.
Turkey will stick to policies that allow only net exporters to access cheap lira loans and may toughen rules further despite a backlash from companies as it works to support its ailing currency, according to three people familiar with the plan.
The Swiss National Bank reported a first-half loss of 95.2 billion Swiss francs ($100.08 billion) on Friday, the biggest six-month loss since the central bank was founded in 1907.
The German academic behind the European Central Bank's biggest court setback is weighing legal action against the ECB's new bond-market shield, which he sees as "blatant" aid to Italy and other debt-laden states.
New Zealand is at growing risk of sliding into a recession in the second half of 2022, some economists said on Friday, as consumers and businesses fret over soaring prices and rising borrowing costs.
Wall Street bosses are in a bind about whether to cut investment bankers or keep them on staff in hopes of a recovery from a brutal first half.
Global stocks rose on Friday, on course for their best month since late 2020 as traders bet a weakening U.S.
Asian stocks took their cue on Friday from a late rally on Wall Street, as markets focused on a possible slowdown in the pace of rate hikes rather than a U.S.
Global stocks rose on Friday, on course for their best month since late 2020, as euro zone growth beat expectations, while the dollar dipped as traders await fresh U.S.
Japan's yen surged on Friday and is on track for its biggest weekly rise in four months against the dollar on bets that U.S.
The Japanese yen headed toward its best month in almost three years on Friday as growth worries have driven U.S.
The dollar languished near a six-week low to the yen amid a sharp retreat in Treasury yields after investors interpreted a shrinking U.S.
Australia's central bank will deliver its third consecutive half-point interest rate hike on Tuesday and another in September, playing catch-up with peers in a campaign to contain surging inflation, a Reuters poll of economists found.
Japan's factories ramped up output at the fastest pace in more than nine years in June as disruptions due to China's COVID-19 curbs eased, a welcome sign for policymakers hoping the economic outlook will improve.
Since May, U.S. Federal Reserve Chair Jerome Powell has devoted some of his running commentary on monetary policy, a dense topic that can seem removed from daily life, on the impact inflation has on households and why that makes it so important to bring it under control.
Investors should get ready for a bumpier ride as markets adjust to prolonged inflation, hefty interest rate rises and a fall in the euro to parity with the dollar, Euronext chief executive Stephane Boujnah said on Thursday.
The U.S. economy's contraction for a second consecutive quarter will make it more difficult for Treasury Secretary Janet Yellen to portray an image of economic health at a news conference later on Thursday.
The Bank of Japan could target a more flexible monetary policy after the departure of dovish Governor Haruhiko Kuroda next April, former BOJ policy board member Takahide Kiuchi said on Thursday.
U.S. Senate Democrats huddled on Thursday to weigh a breakthrough $430 billion drugs and energy bill agreed to by Majority Leader Chuck Schumer and maverick Democrat Joe Manchin which they say will help fight the nation's inflation problem.
The United States is optimistic that there could be some positive announcement when OPEC+ meets next week, a senior administration official said on Thursday, adding that additional oil supplies would help further stabilise the market.
OPEC and its allies will consider keeping oil output unchanged for September when they meet next week, despite calls from the United States for more supply, although a modest output increase is also likely to be discussed, eight sources said.
Spain's leftist ruling coalition introduced a draft bill on Thursday to create a temporary tax on banks and power utilities, aiming to raise 7 billion euros ($7 billion) by 2024 to fund measures to ease cost of living pressures.
Mastercard Inc warned on Thursday that runaway inflation was sapping spending from lower-income customers, after rounding out a strong quarter for card issuers.
Canada's main stock index rose on Thursday to its highest level in more than six weeks as investors cheered corporate earnings results, shrugging off data that showed the U.S.
Canada's main stock index slipped on Thursday following a mixed bag of results, while gloomy forecasts by U.S.
U.S. stocks on Thursday rallied for a second day, with all three major indexes ending up more than 1% as data showing a second consecutive quarterly contraction in the economy fueled investor speculation the Federal Reserve may not need to be as aggressive with interest rate hikes as some had feared.
U.S. stocks rallied for a second day on Thursday as data showing a contraction in the U.S.
