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News
US unemployment rate steady at 4.1% as economy sheds 23,000 jobs in July
1+ hour, 17+ min ago (312+ words) Retail trade and local government education lead job losses, while health care continues to add jobs despite a slowing hiring pace. The US labour market remained broadly stable in July even as employers trimmed payrolls, with the unemployment rate holding…...
India's weak monsoon may add to global food inflation as wars disrupt farm supplies
1+ day, 13+ hour ago (994+ words) Global food inflation could return by the end of 2026 as conflicts in West Asia and Ukraine disrupt fertiliser and fuel supplies, while India's delayed monsoon raises concerns over rice production. However, improving rainfall and ample food grain stocks may help…...
RBI repo rate: RBI keeps repo rate unchanged at 5.25% as inflation stays contained amid global rate hikes
2+ day, 10+ hour ago (711+ words) The RBI kept the repo rate unchanged at 5.25 per cent, diverging from several global central banks as India’s inflation remains within the tolerance band. However, rising crude oil prices, rupee pressure and geopolitical risks could influence future policy decisions The…...
RBI sees FY27 inflation at 5%, flags El Niño, oil prices as key risks
2+ day, 8+ hour ago (642+ words) The RBI-led Monetary Policy Committee kept the policy rate unchanged and retained its neutral stance, warning that El Niño, volatile global oil prices and geopolitical tensions could complicate India’s inflation trajectory even as underlying price pressures remain contained. The Reserve…...
US trade gap narrows to $73.3 billion as import demand cools
3+ day, 39+ min ago (345+ words) The US trade deficit shrank 5.6 per cent in June as imports fell for the first time since the start of the year, while exports also declined. Year-to-date, the deficit is down 33.8% from 2025 levels. The US trade deficit narrowed to $73.3 billion…...
Bank of England keeps interest rates unchanged at 3.75% amid inflation concerns
1+ week, 1+ day ago (393+ words) The Bank of England (BoE) on Thursday kept its benchmark Bank Rate unchanged at 3.75 per cent, opting for caution as policymakers warned that rising energy prices and geopolitical tensions could reignite inflationary pressures in the UK economy. The Monetary Policy…...
Japan sees slower economic growth as imported energy costs take a toll
1+ week, 1+ day ago (520+ words) Japan has cut its economic growth forecast for the current fiscal year, warning that higher imported energy costs driven by tensions in West Asia are weighing on household spending and business profits, underscoring the vulnerability of the world’s fourth-largest economy…...
US Federal Reserve holds rates steady as three policymakers push for quarter-point hike
1+ week, 1+ day ago (370+ words) “Inflation remains elevated relative to the Committee’s 2% goal,” the Fed said in its policy statement following the conclusion of its two-day meeting. Apart from that assessment, the statement was unchanged from the one issued after the June 17 meeting. The central…...
Fed holds rates steady as three policymakers back quarter-point hike
1+ week, 1+ day ago (308+ words) “Inflation remains elevated relative to the Committee’s 2% goal,” the Fed said in its policy statement following the conclusion of its two-day meeting. Apart from that assessment, the statement was unchanged from the one issued after the June 17 meeting. The central…...
Australia inflation cools more than expected, easing pressure for another rate hike
1+ week, 2+ day ago (440+ words) Australia’s inflation slowed slightly in the June quarter, with underlying price pressures coming in below market expectations, reducing the likelihood of another interest rate hike by the country’s central bank in the near term. Data released by the Australian Bureau…...