S.Korea’s inflation hits 9-year high as commodity prices jump
South Korea’s consumer inflation accelerated to a more than nine-year high in May, reinforcing calls for gradual monetary tightening, though the increase was mainly due to a low base effect and rises in oil and agricultural prices.
What you need to know about the coronavirus right now
Here’s what you need to know about the coronavirus right now.
Is it all Greek to you? Coronavirus variants get new names
Coronavirus variants with clunky, alphanumeric names have now been assigned the letters of the Greek alphabet to simplify discussion and pronunciation while avoiding stigma.
Japan considers asking Olympic fans for negative COVID tests, vaccinations
Japan is considering requiring fans attending the Tokyo Olympics to show negative COVID-19 test results or vaccination records, the Yomiuri newspaper reported on Monday, as a new poll showed public opposition to the Games remained strong.
Australia’s Victoria COVID-19 cluster swells to 51, next few days ‘critical’
Australia’s second-most populous state of Victoria, the epicentre of the country’s latest coronavirus hotspot, reported 11 new cases of community transmission on Monday and authorities warned the situation could worsen in coming days. The state officially reported five new cases in the 24 hours to midnight. At a press conference on Monday, authorities announced a […]
U.S. drivers to get hit by soaring pump prices over Memorial Day holiday
U.S. motorists will see the highest gasoline prices in seven years when they hit the roads this Memorial Day weekend, the traditional start of the summer driving season, as fuel demand surges alongside coronavirus vaccination rates.
Ahead of jobs miss, some Fed officials edged towards ‘taper’ debate
A “number” of Fed officials appeared ready to consider changes to monetary policy based on a continued strong economic recovery, according to minutes of the U.S. central bank’s April meeting, but data since then may have already changed the landscape.
What you need to know about the coronavirus right now
Here’s what you need to know about the coronavirus right now
Oil prices fall on rising COVID-19 infections in Asia, inflation fears
Oil prices fell for a second day on Wednesday on renewed demand concerns as coronavirus cases in Asia rise and on fears rising inflation might lead the U.S. Federal Reserve to raise interest rates, which could limit economic growth.
Asian shares push higher, dollar eases
Asian shares rose on Tuesday, shrugging off worries about an increase in regional coronavirus infections, while inflation jitters helped push gold prices to three-month highs. Equities in Europe and the United States looked set to follow. FTSE futures rose 0.76% and EuroSTOXX 50 futures traded 0.68% higher, while S&P 500 futures were up 0.33%. MSCI’s […]
