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ECB’s Lagarde says current inflation shock will be longer lasting
10+ hour, 39+ min ago (411+ words) Euro-area inflation will stay elevated for some time, according to European Central Bank President Christine Lagarde. “The current shock is longer-lasting,” she told Ouest-France in an interview. The conflict in the Middle East “is continuing. We expect the volatility and…...
US yields hit multiyear highs as oil surge spurs Fed bets
2+ day, 21+ hour ago (636+ words) Yields on US government bonds rose to fresh multiyear highs as oil prices extended their surge, prompting traders to add to bets that the Federal Reserve will raise interest rates as soon as next week. Treasury yields rose by five…...
India???s GDP is on a much stronger ground now; growth still lower than expectation: JP Morgan economist Aziz
3+ day, 5+ hour ago (554+ words) India’s gross value added (GVA) estimate is on “much stronger” statistical ground now, JP Morgan co-head of macroeconomic research Jahangir Aziz has said, adding the methodology broadly aligns with that used by major economies to calculate GDP. "It can still…...
Commodity Corner: Brent crude breaches $100/bbl on supply concerns; gold steady ahead of US inflation data
3+ day, 12+ hour ago (174+ words) Commodity markets traded mixed on September 10, with oil prices holding firm after Brent crude breached the $100-a-barrel mark, while gold prices steadied as investors awaited US inflation data due later this week. Oil prices held firm on Thursday after Brent…...
Brent crude touches $101 as US-Iran conflict deepens; Check city-wise petrol, diesel rates today
3+ day, 9+ hour ago (166+ words) Retail fuel prices across India have largely stayed insulated even as crude oil continues to rally on Thursday as the US-Iran conflict, now in its seventh month shows no signs of cooling. Brent crude climbed past $101 a barrel while WTI…...
India???s next FMCG battle is playing out on the bathroom shelf: Why Indians are buying more than the basics
4+ day, 5+ hour ago (1125+ words) India’s bathroom shelf is changing. For years, it was relatively predictable: a bar of soap, a bottle of shampoo, a moisturiser and perhaps a bottle of perfume. Now, a growing number of consumers are adding products that were once considered…...
UK food inflation will hit 6% on El Nino and drought, firms warn
4+ day, 12+ hour ago (325+ words) A string of shocks from El Niño, summer droughts and war in Iran will push UK food inflation above 6% next year, according to forecasts by the country’s food producers. The Food and Drink Federation warned that food inflation will hit…...
GDP methodology aligns with global standards; 300 deflators used to estimate real GDP in new series: Saurabh Garg
5+ day, 19+ min ago (1203+ words) India has robust administrative and survey-based databases that provide the empirical data needed for “double deflation,” Statistics Secretary Saurabh Garg told Moneycontrol in an interview. “The GDP compilation methodology is robust and aligned with internationally accepted statistical standards,” he said....
Copper hits all-time high amid tariff turmoil, mine struggles
5+ day, 13+ hour ago (476+ words) Copper surged to its highest-ever price on the London Metal Exchange after a weeks-long rally fueled by anticipation that President Donald Trump will expand US tariffs to imports of refined metal. Benchmark three-month futures on the LME gained as much…...
Iran doubles gasoline price for heavy users amid war, economic strain
5+ day, 16+ hour ago (488+ words) Iran has doubled the price of gasoline for motorists who exceed their monthly quota, as the government seeks to curb rising fuel consumption while households face worsening economic pressures from the war and US sanctions. From Tuesday, September 8, motorists buying…...