NOIDA, India, May 16 Reuters For construction worker Yogendra Tundre, life at a building site on the outskirts of the Indian capital New Delhi is hard enough. This year, record high temperatures are making it unbearable. As India grapples with an unprecedented heatwave, the country39;s vast majority of poor workers, who generally work outdoors, are […]

LONDON, May 16 Reuters Britain39;s energy regulator Ofgem said on Monday it planned to review a price cap on consumer bills every quarter rather than twice a year to reflect the volatile price swings in the market. Britain introduced a price cap in 2019 to prevent companies from overcharging consumers, but surges in wholesale markets […]

ZURICH, May 12 Reuters The Swiss government on Thursday reported 6.3 billion Swiss francs 6.33 billion worth of Russian assets frozen under sanctions to punish Moscow39;s invasion of Ukraine, a drop from early April as around 3.4 billion francs in provisionally blocked assets were released. The figure marked a decrease from roughly 7.5 billion Swiss […]

Q1 GDP grows 8.3 yy, up 1.9 qq Growth fastest in three quarters C.bank to hike rates at May 19 meeting ING MANILA, May 12 Reuters Newlyelected Philippine President Ferdinand Marcos Jr. will inherit an economy that has strongly bounced back from the COVID19 pandemic when he takes office in June, but soaring food and […]

LONDON, May 12 Reuters Britain39;s economy unexpectedly shrank 0.1 in March after a slump in car sales due to supplychain problems, marking a weak end to the first quarter of a year when the risk of recession is looming. Gross domestic product grew by 0.8 in the first three months of 2022, the Office for […]

Consumer prices increase 0.3 in April CPI rises 8.3 yearonyear, first growth slowdown since August Core CPI jumps 0.6, climbs 6.2 yearonyear Airline fares post record 18.6 increase WASHINGTON, May 11 Reuters U.S. consumer price growth slowed sharply in April as gasoline eased off record highs, suggesting inflation has probably peaked, though it is likely […]

TOKYO, May 11 Reuters Japan39;s economy likely contracted in the first three months of this year as the lingering fallout from the COVID19 pandemic took a toll on consumption and exports, a Reuters poll showed. The weak reading will underscore the challenge policymakers face in pulling the world39;s thirdlargest economy sustainably out of the pandemicinduced […]

SYDNEY, May 11 Reuters A measure of Australian consumer sentiment slid for a sixth straight month to a 21month low in May as surging inflation and rising interest rates weighed on family finances and spending intentions. The WestpacMelbourne Institute index of consumer sentiment released on Wednesday sank 5.6 in May from April, when it fell […]

The dollar got a fresh boost, with stocks coming under renewed pressure after a new batch of US inflation data. The US consumer price index rose 0.3 in April after 1.2 a month earlier. The annual inflation rate slowed from 8.5 to 8.3 but was higher than the expected 8.1 yy. Particularly worrying for markets […]

SANTIAGO, May 10 Reuters Chile is expected to hike its benchmark interest rate to 9 in June, a central bank poll of analysts suggested on Tuesday, as the world39;s top copper producer battles to rein in high inflation. The Andean country39;s central bank raised the benchmark rate to 8.25 in May from 7.0 previously. The […]