The share of emerging markets with budget and current account deficits of 4% of GDP or more is set to hit a record this year, ratings agency Fitch said Tuesday, as price hikes caused by Russia's war in Ukraine compound the COVID-19 pandemic's impact.
Italy's economy will grow by 2.8% this year, national statistics bureau ISTAT said on Tuesday, slashing a 4.7% projection made in December as high raw material prices and the war in Ukraine weigh on the outlook.
China's sputtering economy has a lot riding on its consumers, who are just now emerging from lockdowns in Shanghai and other big cities.
World shares fell on Tuesday and bond yields dipped from recent highs as a surprise 50-basis-point rate increase in Australia raised concern over policy tightening ahead of U.S.
A surprisingly large rate rise in Australia weighed on shaky Asian stocks on Tuesday and pushed the yen to a fresh 20-year low, making investors even more nervous ahead of U.S.
World shares fell on Tuesday and bond yields remained supported as a surprise 50-basis-point rate increase in Australia raised concern over policy tightening ahead of U.S.
Asia's stock markets edged lower on Tuesday, the yen hit a 20-year low and bond markets wavered as investors nervously awaited U.S.
Japan's central bank chief Haruhiko Kuroda apologised on Tuesday for a remark a day earlier that households were becoming more accepting of price rises after drawing political heat on the issue, underscoring public sensitivity to rising living costs.
Bank of Japan Governor Haruhiko Kuroda on Tuesday defended his remark a day earlier that households were becoming more accepting of price hikes, saying it was made in the context of explaining the need for wages to rise more.
Bank of Japan Governor Haruhiko Kuroda faced political heat on Tuesday for a remark a day earlier that households were becoming more accepting of price rises, underscoring public sensitivity to rising living costs.
Japan's household spending fell faster than expected in April as the yen's sharp decline and surging commodity prices pushed up retail costs, hitting consumer confidence and heightening pressures on the battered economy.
British shoppers facing a surge in inflation cut their spending in May by the most since the country was in a coronavirus lockdown in early 2021, according to a survey published on Tuesday.
Tourism is rebounding more quickly in Portugal than in some parts of Europe, but the number of foreign visitors this year is still expected to lag the pre-pandemic record of 2019, the country's hotel association AHP said on Monday.
The U.S. Commerce Department on Monday will unveil a new strategy aimed at boosting international tourism hit hard by COVID-19 and government travel restrictions by streamlining the entry process and promoting more diverse destinations.
U.S. stocks were mostly higher on Monday, led by gains in Amazon.com and other mega-cap growth shares while persistent worries over inflation offset some of the optimism.
U.S. stocks ended a choppy session slightly higher on Monday, helped by gains in Amazon.com and other mega-cap growth shares, while persistent worries over inflation and interest rates kept a lid on the market.
The S&P 500 and the Nasdaq rose on Monday, recovering some losses suffered last week as investors bought into heavyweights Apple and Amazon.com, while Twitter dropped after Elon Musk threatened to walk away from his $44 billion buyout deal.
U.S. stock indexes on Monday regained some ground lost last week as investors bought into heavyweights Apple and Amazon.com, while Twitter dropped after Elon Musk threatened to walk away from his $44 billion buyout deal.
Wall Street was set to open higher on Monday after a drop last week, with U.S.-listed shares of Chinese technology companies rallying on optimism around easing regulatory crackdowns and relaxing COVID-19 curbs in the world's second-largest economy.
Measures to tighten liquidity are expected to accompany a rise in Indian interest rates on Wednesday, adding upward pressure to bond yields and increasing the need for central bank measures to support government borrowing.
After two years of hunting, Volar Yip has put his dream of buying a new home in China's southeastern city of Foshan on ice, anxious about making a major financial commitment amid a significant slowdown in the world's second-largest economy.
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.
