ECONOMY & MARKETS

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A symphony of light consisting of bars, lines and circles in blue and yellow, the colours of the European Union, illuminates the south facade of the European Central Bank (ECB) headquarters in Frankfurt, Germany, December 30, 2021.

ECB Hikes Rates, Throws Lifeline To Indebted Countries

The European Central Bank raised interest rates by more than expected on Thursday as concerns about runaway inflation trumped worries about growth, even while the euro zone economy is suffering from the impact of Russia's war in Ukraine.
A man walks past Bank of Japan's headquarters in Tokyo, Japan, June 17, 2022.

BOJ Retains Easy Policy, Defies Global Tightening Tide

The Bank of Japan projected inflation to exceed its target this year in fresh forecasts issued on Thursday, but maintained ultra-low interest rates and signalled its resolve to remain an outlier in a wave of global central bank policy tightening.
People shop at a market stalls in east London, Britain, January 23, 2021.

UK Inflation Strikes New 40-year High Of 9.4% In June

Surging petrol and food prices last month pushed British inflation to its highest rate in 40 years, according to official figures that bolstered the chances of a rare half percentage-point Bank of England interest rate hike next month.
U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022.

Euro Holds Near 2-week High, Awaits ECB And Nordstream Clarity

The euro held near two-week highs versus the dollar on Wednesday on expectations of a bigger ECB interest rate increase this week than earlier anticipated and a Reuters report that a key Russian gas pipeline would reopen on time after maintenance.
U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022.

Dollar Rises Vs Euro As Traders Eye ECB Rate Decision

The U.S. dollar rose against the euro on Wednesday in a choppy session, but its gains were capped as traders were hesitant to drive big moves ahead of a crucial European Central Bank policy decision on Thursday.
Crude oil storage tanks are seen at the Kinder Morgan terminal in Sherwood Park, near Edmonton, Alberta, Canada November 14, 2016. Picture taken November 14, 2016.

Oil Slips On Lackluster U.S. Summer Gasoline Demand

Oil prices slipped on Wednesday, after U.S. government data showed lower gasoline demand during the peak summer driving season and as interest rate hikes by central banks to fight inflation fed fears the economy could slow, cutting energy demand.
Crude oil storage tanks are seen at the Kinder Morgan terminal in Sherwood Park, near Edmonton, Alberta, Canada November 14, 2016. Picture taken November 14, 2016.

Oil Prices Ease Ahead Of U.S. Inventory Data

Oil prices edged down on Wednesday, pressured by global central bank efforts to tame inflation and ahead of expected builds in U.S. crude inventories as product demand weakens.

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