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The Fed's favorite inflation indicator - Core PCE - rose 0.3% MoM in January (as expected), a dip from the 0.4% sequential increase in February, with YoY rising by 3.2% (also as expected), slightly higher than the 3.0% in Feb. That is the highest annual increase in Core PCE since Nov 2023.
Urban Renewal Authority officials tell hearing that body lacks resources to combat bid-rigging linked to estates’ renovation projects
Urban Renewal Authority officials tell hearing that body lacks resources to combat bid-rigging linked to estates’ renovation projects
The California abode where the golden-curled sweetheart of Old Hollywood tied the knot is on the market in Monterey.
Risks to the eurozone growth and inflation outlook have "intensified" due to the war in the Middle East and its impact on global energy supplies, the European Central Bank warned on Thursday.
Gas prices are displayed at a gasoline station, Tuesday, April 7, 2026, in Los Angeles. (AP Photo/Damian Dovarganes)
FRANKFURT — The European Central Bank on Thursday decided to keep its key interest rate at 2 percent, opting for patience as it gauges the economic fallout from the U.S.-Israeli war on Iran.
Luciano V. replaces the fuel nozzel after filling the tank of their 1999 Mazda Miata at an Astro gas station on Wednesday, April 29, 2026, in Portland, Ore. (AP Photo/Jenny Kane)
Consumers faced escalating prices in March as the Iran war sent oil soaring and created a new level of challenges for the Federal Reserve.
The European Central Bank kept interest rates unchanged, as expected, with officials signaling they need more time to assess the extent of the Iran war’s jolt to the economy. The deposit rate was left at 2%, where it’s been since June 2025 and in line with the predictions of all analysts in a Bloomberg survey. The E…
Futures erase an overnight slide, and have resumed their ascent trading near all time highs, despite a hawkish Fed statement but stronger Mag7 earnings. The hawkish Fed followed by a less hawkish press conference, plus the news that Powell is staying on seemingly removing a cut, actually have bond yields lower pre-m…
The European Central Bank kept interest rates on hold at its April meeting, despite a surge in inflation in the euro zone since the war in Iran began.
Israeli forces killed a Palestinian teenager in the occupied West Bank city of Hebron late on Wednesday.
Organisation running global table tennis tournaments frames decision as a shift in leadership needs as its moves beyond start-up phase
Organisation running global table tennis tournaments frames decision as a shift in leadership needs as its moves beyond start-up phase
In the northern West Bank, north of Tapuah Junction, there is a relatively new bypass road that goes around the Arab town of Huwara. There was a time when there were frequent clashes in Hawara, including a number of attacks on Israelis. Now, the bypass road shifts Israeli traffic to a route around the large Palestin…
It remains difficult to know what's really going on inside Iran, and to accurately assess the state of the country's internal politics, but Financial Times describes a situation of hardliners vs. moderates duking it out to see whether negotiations with the United States should continue.
(ATTN: ADDS details on battery supply deal in paras 5-8)
The Bank of England voted to keep its key interest rate on hold at 3.75% on Thursday, as widely expected by economists, as the Iran war continues to pose a dilemma for policymakers.
China aims to solve its graduate jobs crisis by sending academic students to vocational school. But many young people remain sceptical
China aims to solve its graduate jobs crisis by sending academic students to vocational school. But many young people remain sceptical
Consumer banking operations of HSBC in Sri Lanka officially came to an end today (30), following the completion of the transfer of its retail business to Nations Trust Bank (NTB).
FRANKFURT — The eurozone economy eked out another quarter of growth at the start of the year — but the outlook is darkening fast.
Police stop suspect after attempted robbery in which a man allegedly carrying a knife demanded HK$100,000 before staff triggered the alarm
Police stop suspect after attempted robbery in which a man allegedly carrying a knife demanded HK$100,000 before staff triggered the alarm
Spain's dynamic economy withstood the turmoil unleashed by the Middle East war to post 0.6 percent growth in the first quarter, in line with expectations, official data showed on Thursday.
FILE -Clouds cover the sky over the headquarters of the European Central Bank in Frankfurt, Germany, Sept. 11, 2025. (AP Photo/Michael Probst, File)
Inflation across the euro area has accelerated sharply, driven by surging energy costs linked to the Israeli-US war on Iran, according to fresh data from Eurostat.
The euro zone economy expanded by a meager 0.1% in the first quarter of the year, preliminary data showed on Thursday, as the Iran war hampers growth in the region and inflation pressures intensify.
Pacts include airworthiness standards for long-haul aircraft, together with Hong Kong and Macau, aiding efforts to expand international operations for Comac’s jets
Pacts include airworthiness standards for long-haul aircraft, together with Hong Kong and Macau, aiding efforts to expand international operations for Comac’s jets
Jitu Munda says he was refused access to money in case highlighting ‘lack of humanity’ in Indian bureaucracy
South Korea’s memory chip giants warn of a prolonged crunch, with worried Samsung customers already pre-booking memory capacity for 2027
South Korea’s memory chip giants warn of a prolonged crunch, with worried Samsung customers already pre-booking memory capacity for 2027
SEOUL, April 30 (Yonhap) -- Finance Minister Koo Yun-cheol will attend a series of international gatherings and the annual meeting of the Asian Development Bank (ADB) in Samarkand, Uzbekistan, next week, his office said Thursday.
SEOUL, April 30 (Yonhap) -- Hana Financial Group and four other banking groups will provide 1 trillion won (US$680 million) worth of financial support for startups as part of their efforts to boost productive finance and help invigorate the venture industry, the country's financial regulator said Thursday.
Wah Fu Petroleum Company executive pledges to pass on subsidy to customers, while taxi union leader praises government for quick intervention
Wah Fu Petroleum Company executive pledges to pass on subsidy to customers, while taxi union leader praises government for quick intervention
BNK Banking Corporation has tabled a record net interest margin (NIM) for the March quarter, with the closely watched bank health metric swelling to 2.11 per cent.
Auto giant Stellantis on Thursday reported a near tripling of its adjusted operating income in the first three months of the year, supported by improved sales in its key North American market.
Bank of Spain warns financial institutions they are too dependent on the US, Spain carries out dress rehearsal for total solar eclipse, Patti Smith to be given Princess of Asturias Award and more news from Spain this Thursday April 30th.
Commonwealth Bank has forecast the impact of potential changes to the capital gains tax (CGT) discount and negative gearing could fall flat for prospective home buyers, with only a "modest" decrease to house prices.In a pre-federal budget analysis, economists from the big four bank, Luke Yeaman and Harry Ottley, sai…
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Since 2017, I have covered South Korea’s political and economic landscape as a reporter, with a focus on foreign affairs, inter-Korean relations and security.As a foreign affairs reporter, I closely follow developments from the Ministry of Unification, the Foreign Ministry and the Defense Ministry, tracking shifts i…
Older and wealthier Australians have increased their ownership of rental properties by up to 1500 per cent over the past two decades, while young people have been priced out of the investment market.
MANILA, Philippines — Majority of Filipinos believe Vice President Sara Duterte holds billions of pesos in undisclosed bank accounts, with public opinion sharply divided along political lines, according to a nationwide survey following recent legislative inquiries and reports from the Anti-Money Laundering Council (…
Earlier this month, the Bank of Israel slashed its growth forecast for this year, citing the hostilities in the Middle East.
In today’s episode of Trending Middle East, UN-backed forecasts warn that almost a quarter of Lebanon's population could face acute hunger, as the conflict continues despite ceasefire efforts.
SoftBank Group is planning to create and list a standalone artificial intelligence and robotics company in the U.S. as early as this year, the Financial Times reported on Thursday.