Economy

Economy News

Trade deficit almost triples to record $30 billion on oil imports

Exports rise 2.1% in July while imports surge 43.6% Trade deficit almost tripled to a record $30 billion in July from a year before, as a surge in imports, driven.

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Economy News

U.S. inflation outlook brightens as import prices drop, consumer sentiment rises

By Lindsay (NYSE:LNN) Dunsmuir (Reuters) – U.S. import prices fell for the first time in seven months in July, helped by a strong dollar and lower fuel and nonfuel costs,.

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Economy News

CPI Inflation Rate July, IIP Growth Rate June 2022: Retail inflation eases to 5-month low of 6.71% in July, IIP grows 12.3% in June

CPI Inflation Rate July, IIP Growth Rate June 2022 Updates: The retail inflation, measured by the Consumer Price Index (CPI), eased to 6.71 per cent in July. Separately, the factory.

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Economy News

India’s retail inflation likely eased in July, still far from RBI’s target: Report

The Aug. 2-9 Reuters poll of 48 economists showed inflation, as measured by the consumer price index (CPI), likely fell to an annual 6.78% in July, a five-month low, from.

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Economy News

Global stocks rise, U.S. yields fall as inflation slows

By Chibuike Oguh NEW YORK (Reuters) – Global equity markets rose while U.S. Treasury yields fell on Friday as investors tempered their expectations of the scale of the Federal Reserve’s.

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Economy News

Biden admin announces $3 billion in FEMA climate resilience funding

By Timothy Gardner WASHINGTON (Reuters) – The Biden administration on Friday announced it is putting more than $3 billion into two federal programs to help communities deal with floods, wildfires,.

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Business Economy News

SK Hynix to break ground on new U.S. chip packaging plant early next year -sources

By Alexandra Alper WASHINGTON (Reuters) -South Korea’s SK Hynix aims to select a U.S. site for its advanced chip packaging plant and break ground there around the first quarter of.

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Economy News

Japan’s yen bears brunt of market rethink on Fed

By Rae Wee and Vidya Ranganathan SINGAPORE (Reuters) -The Japanese yen fell the most against a recovering U.S. dollar on Friday, as a two-day rally in equities conceded to market.

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Economy News

Asian stocks fall on nagging Fed rate hike worries

By Sam Byford (Reuters) – Asian stocks tracked Wall Street losses and the yen fell on Friday as investors remained filled with uncertainty over how aggressively the Federal Reserve would.

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Economy News

Retail Inflation Data Look Ahead: What To Expect From Retail Inflation Data Today

Retail inflation likely eased to below 7 per cent in July to a five-month low but held above the RBI’s upper limit for the seventh straight month. Retail inflation likely.

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