India’s central bank held borrowing costs steady on Wednesday as surging oil prices tied to the Iran conflict threatened to stoke inflation and cloud the case for growth-supportive…
Russia and China vetoed a UN Security Council resolution aimed at reopening the Strait of Hormuz on Tuesday, blocking a text that had been repeatedly diluted in an…
Latin American currencies and equities retreated as escalating Middle East conflict and a broadly stronger dollar drove investors away from risk assets, with the Chilean peso among the…
The American labour market has long been a complex machine of shifting gears, but in the current economic landscape, one cylinder is firing with more reliability than all…
Faced with the twin challenges of rising inflation and slowing growth driven by the oil price shock, the European Central Bank is under pressure to act, with Commerzbank…
Pakistan will repay a $3.5 billion loan to the United Arab Emirates this month, two government officials said, raising fresh pressure on the country’s foreign exchange reserves and…
Every day the Strait of Hormuz stays closed, the global economy absorbs a cost that no military briefing fully captures. Brent crude is near $120 a barrel. Gas…