Bank of England holds rate at 3.75% as energy shock clouds inflation
The U.K. central bank kept rates unchanged, with policymakers weighing weak output against inflation risks tied to the Iran war an...
By David L. Chen 3 months agoSection
Economics
Hormuz reopening may not quickly reverse inflation shock, analysts say
A U.S.-Iran memorandum eased supply fears, but economists say energy, food and rate pressures from the Hormuz war will persist.
By Ingrid Halvorsen 3 months agoUK output slips 0.1% in April as energy shock hits activity
Services weakness pulled UK GDP lower in April, with firms telling the ONS the Iran conflict had raised fuel and energy costs.
By Ingrid Halvorsen 3 months ago
Iranian oil tankers leave Hormuz blockade as shipping firms await deal
Kpler data show three Iran-linked tankers carrying nearly 5mn barrels of crude have crossed the U.S. blockade perimeter before a p...
By Sarah Jenkins 3 months ago
US private hiring slowed to 98,000 jobs in June, ADP says
ADP said private employers added fewer jobs than economists expected in June, with health and education services accounting for ne...
By Sarah Jenkins 3 months ago
US inflation reaches 4.2% in May as energy costs jump
The CPI rose 0.5% in May, matching expectations, while core inflation was cooler than forecast as energy drove the annual rate to...
By Ingrid Halvorsen 3 months ago
EU trade push meets heat-driven demand for Chinese cooling units
Brussels wants progress on its China trade deficit by October as a European heat wave lifts demand for air conditioners largely su...
By Sarah Jenkins 3 months agoU.S. readies Venezuela aid after deadly twin earthquakes
Trump ordered agencies to prepare assistance as Venezuela reported 164 deaths and the USGS warned of severe human and economic los...
By Sarah Jenkins 3 months ago
US grants 60-day Iran oil waiver as buyers weigh dollar trades
The Treasury license allows Iranian oil and petrochemical sales in dollars through Aug. 21, potentially releasing stranded crude a...
By David L. Chen 3 months agoUS stock futures slip as oil and gasoline remain below year-ago levels
S&P 500 and Dow futures pointed lower Sunday night, while WTI crude stood about 24% below its level a year earlier, according to m...
By David L. Chen 3 months agoIMO halts Hormuz evacuation plan after Evergreen ship is hit near Oman
The UN maritime agency paused a Gulf exit plan after a Singapore-flagged container ship was struck near Oman, adding pressure to H...
By David L. Chen 3 months ago
China tightens export controls on Japanese defence-linked entities
Beijing added 40 Japanese entities to control and watch lists, raising licensing pressure on defence, drone, nuclear and industria...
By Ingrid Halvorsen 3 months ago