Japanese investors offloaded a record amount of overseas debt last year as hedging costs rose and speculation the nation’s central bank would normalize policy fueled bets on higher local yields.
The UK economy suffered the biggest loss of purchasing power since the 1970s oil crisis after Russia’s invasion of Ukraine sparked a surge in energy prices.
(Bloomberg) — Visa Inc. is opening a new office in Atlanta as the payments giant proceeds with plans to triple its workforce in the city even as rivals cut back on their staffing.
Ukrainian President Volodymyr Zelenskiy made a surprise visit to the UK, only his second confirmed trip outside the country since the war began, as Prime Minister Rishi Sunak announced more training for Ukrainian troops and new help for fighter jet pilots.
A surprise jump in used-vehicle prices last month is adding to US car buyers’ frustration and has the potential to dent hopes inflation is headed lower even as the Federal Reserve hikes interest rates.
As the cryptocurrency mania raged, Congress took a hands-off approach, keeping the fast-growing industry in legal limbo as it spawned startups and drew billions of dollars from investors.
The Riksbank will probably raise its interest rate by a half point this week, staring down the mounting danger of an economic slump to act against rampant inflation.
Consumer prices in January rise 0.8% on month, 12.3% compared to a year ago
Indian Prime Minister Narendra Modi avoided any direct mention of the Adani Group’s tussle with a US short seller and a subsequent rout in its market value, instead lashing out at corruption within the opposition and highlighting the South Asian nation’s economic success during his tenure.
Ashmore Plc’s profits slumped in the second half of last year as the asset manager saw clients pull billions from its funds.
