The Consumer Price Index (CPI) of the United States Labor Department, the most widely used measure of inflation, increased at an annual rate of 7.0 percent, exceeding economists’ expectations. This…
BUSINESS
US Inflation Rate Rises to Four-Decade High of…
The Consumer Price Index (CPI) of the United States Labor Department, the most widely used measure of inflation, increased at an annual rate of 7.0 percent, exceeding economists' expectations. This is the highest increase since June 1982, and it outperforms last month's 6.8% increase. The core CPI, which exclud...
BUSINESS
US Inflation Rate Rises to Four-Decade High of 7% in December
The Consumer Price Index (CPI) of the United State...
BUSINESS
Oil Prices Soared with Growing Investor Predilection for Risk Assets
Oil prices have risen as investors' appetite for r...
Economy
Cryptocurrency crackdown in China has sparked a crypto-mining boom in Thailand
Bangkok, Thailand (Reuters) – Pongsakorn Tongtav...
Economy
Turkish Lira Slides Almost 8% After Intervention-Driven Surge
ISTANBUL, Turkey (Reuters) – The Turkish lira fe...
BUSINESS
After setting targets for 2022, China appears to be increasing fiscal stimulus
Economists predict China will begin adding fiscal ...
BUSINESS
India's economy is booming, but it's not without its problems
When India's resurgent GDP growth was mentioned, B...
latest from Economy
Oil Prices Soared with Growing Investor Predilection for Risk Assets
Oil prices have risen as investors’ appetite for risk assets has grown. Despite steadily rising crude oil prices, which have risen nearly 40% this year, investors have barely noticed. That…
By Robert Oluoch December 29, 2021
Cryptocurrency crackdown in China has sparked a crypto-mining boom in Thailand
Bangkok, Thailand (Reuters) – Pongsakorn Tongtaveenan, a Thai entrepreneur, was ready to strike when the axe fell on China’s massive cryptocurrency mines. He quickly purchased redundant computer processors needed to…
By Robert Oluoch December 29, 2021
Turkish Lira Slides Almost 8% After Intervention-Driven Surge
ISTANBUL, Turkey (Reuters) – The Turkish lira fell nearly 8% against the dollar on Monday, owing to investor concerns about Turkey’s monetary policy. The Turkish lira had risen more than…
By Robert Oluoch December 27, 2021
After setting targets for 2022, China appears to be increasing fiscal stimulus
Economists predict China will begin adding fiscal stimulus in early 2022, after the country’s top officials stated that countering growth pressures and stabilizing the economy are among their top priorities…
By Robert Oluoch December 27, 2021
