European Central Bank Governing Council member Joachim Nagel said that he’s not convinced inflation is under control enough for a halt in interest rate hikes, with his decision hinging on additional data in the coming weeks.
Germany’s economy exited recession by the slimmest margin in the second quarter but its sluggish performance continues to drag down growth across the whole euro zone.
UK energy bills are set to fall from October though millions of households could still face higher costs in the coming months, following the phase-out of government support.
Oil headed for a second weekly loss on signs of improving supply and a deteriorating economic situation in China, the biggest importer.
PAG Asia Capital has lined up A$900 million ($577 million) worth of senior-debt financing for the purchase of bar owner Australian Venue Co., according to people familiar with the matter.
Former President Donald Trump posted his own mug shot in a return to Elon Musk’s X, which was formerly known as Twitter.
Kazakhstan went ahead with its first interest-rate cut since 2020 even after the tenge weakened following a bout of currency depreciation in neighboring Russia.
Jakarta has been blanketed in smog that has made its air quality the worst in the world as the government resorts to a slew of disorganized measures to clear the pollution.
Stocks sold off and Treasuries treaded water after resuming a decline Thursday as traders await Jerome Powell’s speech for clues on the interest-rate outlook.
The Turkish central bank’s unexpectedly hawkish interest-rate hike sparked a rally in the country’s assets on Thursday. The move impressed several market watchers, but also prompted questions about what it signals about future policy decisions.
