Sri Lanka stuns with 100-bp rate hike as Iran war rattles currency, fuels inflation
admin COLOMBO - Sri Lanka's central bank stunned markets by raising its policy rate by an outsized 100 basis points on…
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Brent gains 2% as US military strikes on Iran add to peace deal uncertainty
SINGAPORE - Brent crude futures rose more than 2% on Tuesday after the U.S. military carried out strikes in Iran,…
UK shop price inflation picks up, retailers ask government to help
LONDON - British shop price inflation sped up in May on the back of disruption and higher energy costs caused…
Spain’s industrial prices rise 8.3% year-on-year in April, fastest since December 2022
Spanish industrial prices rose 8.3% in the 12 months through April following a revised 3.1% increase in the 12 months…
Sri Lanka jolts markets with outsized 100-bp rate hike to counter Gulf crisis
COLOMBO - Sri Lanka's central bank stunned markets by raising its policy rate by an outsized 100 basis points on…
South Korea to step up monitoring of investments in overseas private debt
SEOUL - South Korea will step up monitoring investments by domestic pension funds and banks in overseas private debt, the…
Dollar finds footing on wavering hopes for a peace deal
SINGAPORE - The dollar steadied on Tuesday as investor hopes of an imminent deal to reopen the crucial Strait of…
Dollar finds footing on wavering hopes for a peace deal
SINGAPORE - The dollar steadied on Tuesday as investor hopes of an imminent deal to reopen the crucial Strait of…
BOJ’s new trend gauge shows inflation exceeding target
TOKYO - Japan's core inflation as measured by a new central bank gauge accelerated in April and blew past its…
BOJ’s new trend gauge shows inflation exceeding target
TOKYO - Japan's core consumer inflation rate excluding one-off factors, as measured by the central bank's new gauge, hit 2.8%…