US Senate confirms Kevin Warsh to Fed Board
The US Senate on Tuesday confirmed Kevin Warsh to a 14-year term as a governor at the Federal Reserve. This vote clears a major hurdle toward his expected appointment as…
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Category: Business
PPI shows strongest rise since 2022 as energy inflation surges
US wholesale inflation accelerated sharply in April, underscoring growing price pressures across the economy as higher energy costs and supply chain disruptions continued to ripple through businesses. The Producer Price…
ING warns Belgium’s inflation shock could spread across Europe
Belgium’s sudden inflation spike in April, driven by an energy shock spilling into wider consumer prices, has prompted ING Economics to warn of a dangerous pattern that could spread across…
Evening digest: Trump says Iran ceasefire on life support, Oil tops $104
Global markets faced renewed uncertainty on Monday after US President Donald Trump said the ceasefire with Iran was on “massive life support,” sending crude oil prices sharply higher as concerns…
Gold imports resume in India as banks agree to pay IGST
Indian banks have resumed imports of gold and silver after a disruption lasting more than a month, following their decision to pay a 3% customs levy that had earlier forced…
India inflation rises to 3.48% in April amid energy price concerns
India’s retail inflation accelerated to 3.48% in April from 3.40% in March, driven mainly by higher food prices, government data released on Tuesday showed. The latest Consumer Price Index (CPI)…
US inflation rises to 3.8%, highest since May 2023, as energy prices surge
US consumer inflation accelerated to 3.8% in April, marking its highest annual increase since May, 2023 as rising energy prices linked to tensions in the Middle East pushed up the…
Private credit returns weaken as loan distress deepens, MSCI finds
Private credit funds have marked down more than a tenth of their loans by at least 50%, according to new data released by MSCI, highlighting mounting pressure on borrowers in…
China inflation beat forecasts: so why did markets shrug it off?
China’s consumer and producer prices rose more than expected in April, offering fresh evidence that price pressures are beginning to firm, even if the broader recovery story remains uneven and…