Thailand's fiscal and monetary policies must continue to align to ensure the economy will recover fully, the finance minister said on Monday.
Poland's central bank is expected to raise its main interest rate by 75 basis points to 6.00% on Wednesday, a Reuters poll showed, as it faces surging inflation and risks of slowing growth due to the Ukraine war.
The European Central Bank appears committed to start raising interest rates next month, opening the door for hedge funds to load up on euros.
The European Central Bank appears committed to start raising interest rates next month, opening the door for hedge funds to load up on euros.
The European Central Bank looks all but certain to announce on Thursday that its years of bond-buying stimulus are over and that high inflation means interest rate rises are imminent.
Power demand in Texas is set to break its all-time record this week, testing the resilience of the grid after generation issues this year and a days-long blackout during a deep freeze in 2021.
Thailand's headline inflation rose at a much faster pace than expected in May, hitting a high of nearly 14 years on soaring energy prices and the end of some government support measures, a trend the commerce ministry said would likely continue.
Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank's top priority was to support the economy by maintaining its "powerful" monetary stimulus.
Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank's top priority was to support the economy, stressing an unwavering commitment to maintaining "powerful" monetary stimulus.
Thailand's central bank will leave interest rates unchanged at their record low for the rest of the year to support economic recovery, but there are growing calls for an earlier rate rise amid inflationary risks, a Reuters poll found.
Wall Street was set to open higher on Monday, tracking gains in Asia and Europe as investors took expected interest rate hikes in coming days their stride for now despite crude oil hitting $120 a barrel.
Stocks, the dollar and crude oil firmed on Monday as investors positioned themselves for more direction on interest rates and the economy from a string of central bank meetings spilling into next week.
Asian shares joined U.S. stock futures in making cautious gains on Monday ahead of U.S.
Asian shares made a muted start on Monday as caution gripped ahead of a critical reading on U.S.
U.S. Commerce Secretary Gina Raimondo said on Sunday that President Joe Biden has asked his team to look at the option of lifting some tariffs on China that were put into place by former President Donald Trump, to combat the current high inflation.
Waves of industry consolidation over the decades have resulted in fewer choices for customers from telecoms to banking, with Canadians paying the world's most expensive mobile phone bills and forking out more for everyday banking, consumer advocates say.
Pakistan GDP growth will slow to 5% for the upcoming fiscal year beginning on July 1, from 5.9% in the outgoing year, following budgetary tightening aimed at winning International Monetary Fund (IMF) support, the government said on Saturday.
EU Economic Commissioner Paolo Gentiloni said on Saturday he aimed to present a reform of the eurozone Stability Pact after the summer, adding that the new rules would likely include country-specific debt targets.
A rally that lifted U.S. stocks from the brink of a bear market faces an important test next week, when consumer price data offers insight on how much more the Federal Reserve will need to do in its battle against the worst inflation in decades.
Citigroup Inc Chief Executive Jane Fraser said on Friday that Europe was more likely than the United States to slip into a recession, as she joined other global bank CEOs this week to warn about the health of the global economy.
Russia's failure to send an interest payment to creditors is triggering a payout on debt insurance, taking the country another step closer to its first default on international bonds since the Bolshevik revolution more than a century ago.
U.S. jobs gains of 390,000 in May and still strong wage growth leave the Federal Reserve on track for half point interest rate increases in June and July as the U.S.
The Federal Reserve is on track for half point interest rate increases in June, July, and perhaps even beyond as fresh job market data Friday showed no sign the U.S.
The Federal Reserve is on track for half point interest rate increases in June, July, and perhaps even beyond as fresh job market data Friday showed no sign the U.S.
The European Union wants to accelerate efforts to finalise trade agreements with third parties after a six-month pause, as the bloc adapts to the Ukraine war and other challenges, EU trade commissioner Valdis Dombrovskis said on Friday.
EU countries have reached agreement on their sixth package of sanctions against Russia over its invasion of Ukraine, including a complete import ban on all Russian seaborne crude oil and petroleum products in six to eight months.
U.S. stock indexes fell on Friday after a solid jobs report appeared to give the Federal Reserve a green light to continue on an aggressive policy-tightening path to cool decades-high inflation while shares of Apple and Tesla weighed heavily.
Tesla CEO Elon Musk has a "super bad feeling" about the economy and needs to cut about 10% of staff at the electric carmaker, he said in an email to executives seen by Reuters.
Tesla CEO Elon Musk has a "super bad feeling" about the economy and wants to cut about 10% of jobs at the electric carmaker, he said in an email to executives seen by Reuters.
Tesla CEO Elon Musk has a "super bad feeling" about the economy and needs to cut about 10% of salaried staff at the electric carmaker, he said in emails seen by Reuters.
