Global rate cut juggernaut is struggling to start
NEW YORK: Central banks cagey about joining the global interest rate cutting cycle may reveal themselves this week with a…
Category: Economy
Australia expected to keep key interest rate at 12-year high today
SYDNEY: Australia’s central bank will likely hold its key interest rate at a 12-year high today as it tries to…
China’s May industrial output misses forecasts, retail sales a bright spot
BEIJING: China's May industrial output lagged expectations with the property sector still weak, adding pressure on Beijing for policy support…
Right time to resume FTA talks with EU
PETALING JAYA: Malaysia is better positioned to negotiate a free trade agreement (FTA) with the European Union (EU) this time…
Pakistan to raise power prices in move to secure IMF loan
LAHORE: Pakistan is raising power prices by an average of 20% to bolster its chances of securing a new loan…
Nigerian inflation rises to 28-year high in May
ABUJA: Nigeria’s annual inflation rose to a new 28-year high of 33.95% in May, official data show, worsening hardships that…
Peru economy expands 5.28% in the first quarter
LIMA: Peru’s gross domestic product (GDP) in the first quarter expanded 5.28% in April from a year earlier, according to…
Bidenomics leaves behind an industrial heartland
NEW YORK: President Joe Biden’s trio of legislative packages designed to revive US manufacturing prowess is already helping regions from…
US producer prices unexpectedly fall in May
WASHINGTON: U.S. producer prices unexpectedly fell in May amid lower energy costs, another indication that inflation was subsiding after surging…