By Priya Raman
Economist by training. Covers central banks, inflation, jobs data and the policy decisions that shape the cycle.
Bank of Canada Holds Rate at 2.25% as Oil Prices Keep Inflation Sticky
The Bank of Canada held its policy rate at 2.25% on Wednesday, signaling that oil and gasoline prices are the key wildcards for inflation. H
Shell Advances Venezuela Gas Project, Halliburton Wins Saudi Aramco Deal, Boosting Energy Stocks
Energy stocks edged higher after Shell advanced its Dragon offshore gas project in Venezuela and Halliburton landed a multiyear contract wit
Canada Wholesale Sales Flat in May as Inventories Dip, Ratio Edges Lower
Canadian wholesale sales were flat at C$90.0 billion in May, after a 1.4% gain in April. Inventories fell 1.1%, pulling the inventory-to-sal
June CPI Cools, but Warsh Faces Long Road on Inflation as PCE Looms
June's CPI came in cooler than expected, prompting traders to dial back rate hike bets. But Fed Chair Kevin Warsh faces pressure to prove in
US Wholesale Inflation Cools as Energy Prices Drop, Easing Rate Concerns
US wholesale inflation cooled in June as the Producer Price Index dropped 0.3%, driven by a 6.4% decline in energy prices. Core PPI rose 0.2
Canada's Factory Sales Hit Record C$78.1 Billion in May, Order Books Swell
Canadian factory sales hit a record C$78.1 billion in May, up 1.3% from April, marking the fourth straight monthly gain. Unfilled orders sur
Berenberg Raises BP Price Target to £6 on Faster Debt Reduction
Berenberg raised its price target on BP to £6 after the oil giant's upbeat Q2 update highlighted faster debt reduction. Net debt guidance of
China's Q2 GDP Misses Target, Pressure Mounts on Beijing for Stimulus
China's economy grew 4.3% year-on-year in Q2, slipping below the government's target range. Weak fixed-asset investment and a struggling pro
Oil Holds Below $86 as Traders Weigh US Strikes on Iran and Cooler Inflation
Brent crude remains stuck below $86 a barrel as the US launches a fourth straight day of strikes on Iran, while a surprisingly benign inflat
China Stocks Slide as Q2 GDP Growth Misses Forecasts, Property Woes Deepen
China's second-quarter GDP growth of 4.3% missed the 4.5% forecast, with property investment falling 18% in the first half. Mainland stock b
China's June Bank Lending Misses Expectations as Economic Slowdown Persists
China's banks issued 1.61 trillion yuan in new loans in June, up from May but below the expected 2 trillion yuan. Outstanding loan growth sl
Saudi Inflation Stays Cool at 1.8% as Wholesale Costs Surge to 4.8%
Saudi Arabia's consumer inflation remained steady at 1.8% in June, but wholesale prices jumped to 4.8%, hinting at rising costs upstream. Th