U.K. inflation was unchanged in May, although higher energy costs continued to drive price pressures, ahead of a Bank of England meeting this week at […]
Category: Economy
China Moves to Boost the Use of Yuan Globally
Chinese authorities rolled out more measures to promote the use of the yuan globally, their latest effort to build more resilient financial infrastructure to shield […]
Japan Imports Rise as Energy Supply Diversification Progresses
A surge in energy costs and pivot toward alternative procurement channels likely drove up Japan’s import bill. Source link
Central Banks Are Rethinking Where They Store Their Gold
Fewer central banks now store bullion in London and New York—a reflection of growing geopolitical concerns and the desire to ensure greater control and access […]
U.S. Housing Starts Fell Sharply in May
Housing starts fell 15.4% in May to 1.177 million, significantly below economists’ expectations of a 2.4% decline. Source link
Import-Price Inflation Remained Firm in May
Prices on U.S. energy imports rose at a slower rate last month as the global economy adjusted to the effects of the Iran conflict, but […]
EU Gives Final Approval to U.S. Trade Deal
Lawmakers approved the deal Tuesday ahead of a deadline set by Trump that would have ramped up tariffs on cars. Source link
German Investor Confidence Jumps on Hopes of End to Middle East Conflict
German investor confidence improved unexpectedly sharply on hopes the war in the Middle East would end soon and prompt energy prices to cool. Source link
Consumer spending in China declined last month for the first time in more than three years and investment contracted further
The country’s economic growth has become increasingly reliant on exports, stirring up geopolitical tensions. Source link
Australia’s Central Bank Holds Interest Rates, Warns More Hikes May Come
The Reserve Bank of Australia held interest rates steady as it weighs the impact of its recent rate hikes on inflation. Source link