Bangkok Post – New Fed chief faces immediate pressure
Kevin Warsh With Kevin Warsh taking the helm at the US Federal Reserve this month, succeeding chairman Jerome…
US crude oil inventories fall sharply, drop to lowest level in nearly 2 years — EIA
US ramps up refinery activity The US has responded partly by maintaining elevated refinery activity. EIA data showed…
Why Oil’s Supply Crunch Could Arrive Late
The oil market still looks surprisingly calm for a system that has spent nearly three months absorbing the…
UK bond yields set for biggest weekly drop since 2024; retail sales fall as drivers cut back on fuel – as it happened | Business
Closing post Time to wrap up… The UK borrowed more than expected in April as high inflation drove…
France may consider windfall tax on sectors buoyed by Iran crisis, finance minister says
PARIS, May 22 (Reuters) – French Finance Minister Roland Lescure said on Friday the government may consider imposing…
Indonesia launches major trade takeover for key commodities
JAKARTA, Indonesia (AP) — Indonesia is overhauling its trade policies for key commodities in a sudden move that…
Asia’s currencies are flashing the oil shock alarm
SINGAPORE – Asia’s policymakers are taking increasingly urgent and unusual steps to shore up their economies on the…
UK retail sales slump in April as fallout from Middle East crisis weighs on activity
Retail sales -1.3% vs -0.6% m/m expectedPrior +0.7%; revised to +0.6%Retail sales 0.0% vs +1.3% y/y expectedPrior +1.7%;…
Wall Street keeps rising, even as U.S. households keep getting more discouraged
NEW YORK (AP) — The split between Wall Street and most U.S. households grew wider Friday as U.S.…
Kevin Warsh sworn in as Fed chair at pivotal moment for US economy
Summary Kevin Warsh was sworn in as Federal Reserve chair on Friday at a challenging time for the…
JPMorgan sees Turkey central bank lift interest rates to 40% imminently
LONDON, May 22 (Reuters) – Investment bank JPMorgan said on Friday that Turkey’s central bank was likely to…
Australian dollar under pressure say analysts as RBA rate-hike cycle seen nearing its end
The Australian dollar is under pressure after weak Chinese and domestic labour data, with analysts warning the RBA…