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US banks warn of recession amid rising inflation

US banks warn of recession amid rising inflation

According to CEOs, the largest US banks are preparing for a poorer economy next year as inflation threatens consumer demand. Jamie Dimon, the chief executive...
Oil prices climb after Opec+ keeps output cut targets, China eases Covid curbs

Oil prices climb after Opec+ keeps output cut targets, China eases Covid curbs

As a result of OPEC+ countries maintaining their output objectives in advance of a European Union ban. The start of a price restriction on...
Oil slides as demand fears return after OPEC-led rally

Oil prices ease on symbolic OPEC+ output cut

SINGAPORE: OPEC and allied oil-producing countries, including Russia, made a small trim in their supplies to the global economy. Underlining their unhappiness as recession...
Indonesia hikes fuel prices by 30%, cuts energy subsidies

Indonesia hikes fuel prices by 30%, cuts energy subsidies

JAKARTA, Indonesia: Fuel prices increased by about 30% across Indonesia on Saturday. After the government reduced some of the costly subsidies that have kept...
Asian stock markets mixed ahead of latest US jobs reading

Asian stock markets mixed ahead of latest US jobs reading

Asian stock markets were mixed ahead of U.S. jobs data that might influence Federal Reserve plans for more interest rate hikes to cool surging...
Biden waiving the ethanol rule in a bid to lower gasoline prices

Biden waiving the ethanol rule in a bid to lower gasoline prices

MENLO, Iowa USA: With inflation at a 40-year high, President Joe Biden journeyed to corn-rich Iowa on Tuesday. To announce a modest step aimed...
European inflation soars to a record 7.5% on fuel, food costs

European inflation soars to a record 7.5% on fuel, food costs.

LONDON: Inflation in Europe soared to another record, according to new EU figures released in a fresh sign. That rising energy prices fueled by...
Singapore core inflation cools while acceleration risks loom

Singapore core inflation cools while acceleration risks loom

SINGAPORE: Core inflation in Singapore cooled slightly last month. But is expected to pick up further in the near term, setting the stage for...
UK inflation hits a 30-year high of 6.2% as Sunak readies response

UK inflation hits a 30-year high of 6.2% as Sunak readies response.

LONDON UK: British inflation shot up faster than expected last month to hit a new 30-year high. Worsening a historic squeeze on household finances...
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