NEW YORK (AFP) – Wall Street stocks ended decisively lower on Friday to conclude another difficult week defined by worries over inflation and the worsening Russia-Ukraine conflict. A closely-watched measure of US inflation released on Friday showed the annual pace of price increases slowed slightly in August compared with the prior month. However, the inflation […]
Instead of the Black Friday sale this year, many online retailers are worried that they may be hit by a Bleak Friday. Sellers on Amazon.com are bracing themselves for a bleak holiday shopping season as inflation-hit consumers curb their spending.
MUMBAI – Bank Negara Malaysia said the movements in the ringgit would continue to be market determined and that it will ensure orderly financial conditions amid the turbulence in global financial markets. The decline in the ringgit to multi-year lows has been fuelled by the persistent strength of the US dollar, which has appreciated against almost […]
NEW YORK (AFP) – Wall Street equities finished with solid gains on Thursday (Aug 25), boosted by upbeat economic data and despite more Federal Reserve officials repeating the message that interest rates will continue to rise to combat inflation. Shares opened higher and remained in the green throughout the trading session, as the Dow Jones […]
SINGAPORE (BLOOMBERG, AFP) – Asian liquefied natural gas (LNG) prices extended gains as concern mounted that Russia’s announcement of maintenance on a key pipeline to Europe would further tighten global supplies. Producers offered LNG spot cargoes for winter above US$60 per million British thermal units (BTUs) on Monday (Aug 22), traders said. The Japan-Korea Marker […]
MOSCOW (AFP) – Russia’s economy contracted by 4 per cent year-on-year in the second quarter, the national statistics agency said on Friday (Aug 12), as Western sanctions take their toll in the wake of Moscow’s military offensive in Ukraine. In the period from April to June, gross domestic product “amounted to 96 per cent of […]
In this file photo taken on July 15, 2022, US President Joe Biden coughs as he speaks to the traveling press after taking part in a working session with Saudi Arabia's Crown Prince Mohammed bin Salman at the Al Salam Royal Palace in Jeddah, Saudi Arabia. (MANDEL NGAN / AFP) WASHINGTON / PARIS / OTTAWA / LISBON […]