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Coface Asia Corporate Payment Survey 2022: Asian companies face rising credit risks despite shorter payment delays

HONG KONG SAR - Media OutReach - 29 June 2022 - Coface’s 2022 Asia Corporate Payment Survey, conducted between November 2021 and February 2022, provides insights into the evolution of payment behaviou...

Did corporate greed fuel inflation? It's not biggest culprit

WASHINGTON (AP) — Furious about surging prices at the gasoline station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices...

Taiwan 2022 inflation could rise above 4%

TAIPEI (Taiwan News) — The highest Consumer Price Index (CPI) rise in 10 years recorded for May could force the overall inflation rate for 2022 above 4%, reports said Friday (June 24). Additi...

Biden says decision on gas tax holiday may come this week

REHOBOTH BEACH, Del. (AP) — President Joe Biden said Monday that he will decide by the end of the week whether he would support a federal gasoline tax holiday, possibly saving U.S. consumers as much a...

Bank of England hikes interest rates but resists bolder move

LONDON (AP) — The Bank of England raised interest rates by a quarter-percentage point Thursday, shrugging off pressure for a bolder move to combat price increases that have pushed inflation to a 40-ye...

Taiwan's Central Bank announces key interest rate hike of 0.125 percentage points

TAIPEI (Taiwan News) — Taiwan's Central Bank announced on Thursday (June 16) it will increase the country's key interest rate by 0.125 percentage points beginning Friday (June 17). Th...

Bulgarian opposition calls for no-confidence vote

SOFIA, Bulgaria (AP) — Bulgarian Prime Minister Kiril Petkov’s centrist coalition government will face a vote of no-confidence brought by the main opposition party on Wednesday, its first since taking...

How to afford summer road trips amid high gas prices

A summer road trip used to be a cost-effective, easy getaway. This year, soaring gas prices and expensive rental cars might make you think twice about hitting the road. According to ...

S&P 500 dips with Fed policy announcement on tap

The S&P 500 ended lower on Tuesday as the index was unable to bounce from a sharp sell-off in the prior session with a key policy statement from the Federal Reserve on deck that will reveal how ag...

US producer prices soar 10.8% in May as energy costs spike

WASHINGTON (AP) — U.S. producer prices surged 10.8% in May from a year earlier, underscoring the ongoing threat to the economy from inflation that shows no sign of slowing. Tuesday'...

S&P 500 confirms bear market as recession worry grows

U.S. equities tumbled on Monday, with the S&P 500 confirming it is in a bear market, as fears grow that the expected aggressive interest rate hikes by the Federal Reserve would push the economy in...

Taiwan c.bank set to raise policy rate as inflation hits 10-year high

Taiwan's central bank is likely to raise its policy rate again this week, according to all economists polled by Reuters, to help fend off inflation now at an almost 10-year high. The central ba...

GLOBAL MARKETS-Asian stocks slump amid risks from U.S. CPI, China COVID struggle

Asian stocks sank on Monday and bond yields ticked higher, as red-hot U.S. inflation reignited worries about even more aggressive Federal Reserve policy tightening, and a COVID-19 warning from Beijing...

Wall Street suffers biggest weekly loss since January after hot CPI data

NEW YORK (Reuters) - U.S. stocks posted their biggest weekly percentage declines since January and ended sharply lower on the day Friday as a steeper-than-expected rise in U.S. consumer prices in May ...

Business Highlights: May inflation, stock market woes

___ US inflation at new 40-year high as price increases spread WASHINGTON (AP) — The prices of gas, food and most other goods and services jumped in May, raising in...