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S.Korea April inflation hits over 13-yr high

SEOUL, May 3 (Reuters) - South Korea's consumer prices in April rose much faster than expected and at their quickest pace in 13-and-a-half years over a year earlier, led by a surge in energy and s...

Business events scheduled for the coming month

Business events and economic reports scheduled for the coming month: All times are Eastern. TUESDAY, May 3 WASHINGTON — Labor Department releases ...

Sweden's central bank raises interest rate to hit inflation

STOCKHOLM (AP) — Sweden’s central bank on Thursday raised a key interest rate from zero to 0.25%, citing the highest inflation level since the 1990s. Riksbanken said there had been “...

US consumers still confident in April, but slightly less so

WASHINGTON (AP) — U.S. consumer confidence dampened slightly in April but remains high even as inflation continues to cloud their optimism about the rest of the year. The Conference ...

IMF lowers Taiwan GDP forecast for 2022

TAIPEI (Taiwan News) — The International Monetary Fund (IMF) cut its 2022 GDP forecast growth for Taiwan on Tuesday (April 19). In its latest World Economic Outlook report, the IMF reduced it...

Taiwan think tank raises 2022 GDP growth forecast to 3.96%

TAIPEI (Taiwan News) — Taiwan’s export performance and stable investment situation will allow its economy to grow by 3.96% this year instead of the 3.67% predicted last December, the Chung...

Retail sales rise 0.5% in March amid soaring inflation

NEW YORK (AP) — Retail sales rose modestly in March, but higher prices for food, gasoline and other basics took a big share of consumers' wallets. Retail sales increased 0.5% after r...

Taiwan's misery index to surpass 6% in 2022: Budget chief

TAIPEI (Taiwan News) — As commodity prices continue to rise, Taiwan expects its misery index to exceed 6% this year. Chu Tzer-ming (朱澤民), head of the Directorate General of Budget, Accounting...

Business Highlights: Inflation's jump, fertilizer crunch

___ US inflation jumped 8.5% in past year, highest since 1981 WASHINGTON (AP) — Inflation soared over the past year at its fastest pace in more than 40 years, with ...

EXPLAINER: Why US inflation is so high, and when it may ease

WASHINGTON (AP) — Another month, another four-decade high for inflation. For the 12 months that ended in March, consumer prices rocketed 8.5%. That was the fastest year-over-year jum...

Biden waiving ethanol rule in bid to lower gasoline prices

WASHINGTON (AP) — President Joe Biden is visiting corn-rich Iowa on Tuesday to announce he'll suspend a federal rule preventing the sale of higher ethanol blend gasoline this summer as his administrat...

Sticker shock: March inflation likely set new 40-year high

WASHINGTON (AP) — With ever-rising costs for food, gasoline, housing and other necessities squeezing consumers and threatening the economy, inflation in the United States likely set yet another four-d...

Business and economic events scheduled for Tuesday

Business and economic events scheduled for Tuesday. All times are Eastern. WASHINGTON — Labor Department releases Consumer Price Index for March, 8:30 a.m. ...

This Week: Consumer prices, Delta results, retail sales

A look at some of the key business events and economic indicators upcoming this week: EYE ON INFLATION The Labor Department serves up its latest monthly reading of ...

Business events scheduled for the coming week

Business events and economic reports scheduled for the coming week. All times are Eastern. TUESDAY, April 12 WASHINGTON — Labor Department release...