By Priya Raman
Economist by training. Covers central banks, inflation, jobs data and the policy decisions that shape the cycle.
UK Consumer Confidence Jumps to -17 in July, Biggest Monthly Gain Since November
UK consumer confidence improved sharply in July, with GfK's index rising to -17 from -23, its biggest monthly gain since November 2023. The
US Treasury Urges Japan to Raise Rates as Yen Hits 40-Year Low
The US Treasury is pressing Japan's central bank to raise interest rates after the yen fell to a 40-year low against the dollar. The Treasur
Matador Resources to Buy EnCap-Backed Paloma Permian for $1.28 Billion
Matador Resources is spending $1.28 billion to buy EnCap-backed Paloma Permian, adding 16,235 undeveloped acres and 11,100 barrels of oil eq
ECB Holds Rates at 2.25% as Energy Risks Loom Over Cooling Inflation
The European Central Bank held its key deposit rate at 2.25% this week as inflation cooled to 2.8% in June. However, policymakers warned tha
Canada's Small Business Confidence Jumps in July, But Manufacturers Remain Glum
Canada's small businesses felt more optimistic in July, with the CFIB barometer jumping to 58.3. But manufacturers remained stuck at 53.7, s
Oil Surges Past $90 as Strait of Hormuz Traffic Slows and Houthi Attacks Mount
Oil prices jumped again Thursday, with WTI reaching $90.56, as the US-Iran conflict slowed traffic through the Strait of Hormuz and Houthi a
American Airlines Slashes Profit Forecast as Fuel Costs Surge on Iran Tensions
American Airlines lowered its profit forecast for the year, now projecting adjusted earnings per share between a 65-cent loss and a 65-cent
Warsh's Fed Holds Rates Steady as Inflation Pressures Mount from Oil and Tariffs
The Federal Reserve is set to hold rates at 3.50%-3.75% next week, but Chair Kevin Warsh's no-guidance stance is frustrating officials as oi
French Business Confidence Hits Four-Month High in July, Manufacturing Rebounds
French business confidence improved in July, with INSEE's index reaching 97, the highest since March. Manufacturing climbed above 100, while
Westpac Data Shows Big Firms Driving Australia's June Quarter Growth
Westpac's business performance and cashflow gauges edged up in the June quarter, but the gains were driven by large companies. Small and med
Santos Cuts 2024 Production Outlook After Barossa Ramp-Up Misses Revenue Targets
Santos reported Q2 revenue of $1.35 billion, below the $1.57 billion consensus, as the Barossa gas project's ramp-up proved bumpy. The compa
Thailand's Central Bank Proposes Cash Limits on Gold Bar Purchases to Curb Currency Volatility
The Bank of Thailand wants to cap cash payments for gold bar purchases, pushing larger deals onto traceable channels. The proposal aims to c