The latest US inflation data have complicated the Federal Reserve’s path toward lower interest rates, with core personal consumption expenditures inflation holding at 3.3 percent in July, well above the central bank’s 2 percent objective. The broader personal consumption expenditures… Read More ›
Artificial intelligence is widely expected to make businesses more productive, reduce operating costs and eventually make many goods and services cheaper. Yet the technology could create a less obvious economic problem during the transition: it may raise inflation before its… Read More ›
Germany, Spain, Portugal, Italy, Poland and Austria are pushing the European Union toward a common response to an increasingly difficult political problem: oil companies are earning unusually large profits while European households and businesses are paying substantially more for fuel… Read More ›
Canada and the United States are moving from prolonged tariff disputes toward a more direct trade confrontation after last-minute negotiations collapsed and Washington imposed a new 50 percent tariff on a range of Canadian goods. The breakdown is significant because… Read More ›
The United States has imposed 50 percent tariffs on a range of Canadian goods after Washington and Ottawa failed to reach a trade agreement, transforming a prolonged dispute between two closely integrated economies into a more serious confrontation. The immediate… Read More ›
Oil prices have risen as President Donald Trump threatens tougher sanctions against countries that continue trading with Iran, but the latest increase appears to be driven primarily by a temporary geopolitical risk premium rather than a fundamental collapse in global… Read More ›
Canada’s decision to impose matching tariffs on selected American goods marks a significant escalation in the trade dispute with its largest economic partner. Prime Minister Mark Carney announced that Ottawa would respond dollar for dollar to new United States tariffs… Read More ›
India’s newly introduced Closing Auction Session is facing its first major regulatory test after the securities regulator moved against two market participants accused of using the new mechanism to influence stock prices on a derivatives expiry day. The action involving… Read More ›
India’s securities regulator is considering a broad set of trading reforms as foreign investors continue to reduce their exposure to Indian equities, according to people familiar with the discussions. The proposed changes are aimed at making the country’s cash and… Read More ›
Global oil reserves are facing an unprecedented test as the United States-Iran war continues to disrupt production, exports and shipping routes across the Gulf. The immediate question is not whether the world has enough oil underground, but whether enough usable… Read More ›
