The world's top central banks resumed raising interest rates this week despite falling inflation, but they are now taking a more cautious approach to future movements, suggesting that the year-long cycle of global monetary tightening may be coming to an end.   As anticipated, the U.S....

It was the ninth consecutive rate increase by the European Central Bank. According to the regulator's website, the European Central Bank increased three important rates by 25 basis points. The marginal lending facility rate will be 4.5% starting on August 2, the key refinancing rate will be 4.25%,...

The United States Federal Reserve increased interest rates on Wednesday by a quarter of a percentage point. Fed Chair Jerome Powell stated that for inflation to "credibly" return to the U.S. central bank's 2% target, the economy must still slow down and the labour market must deteriorate....

The memory chip market is beginning to rebound from a severe downturn, according to South Korea's SK Hynix, which also reported on Wednesday that strong demand for artificial intelligence products has allowed it to reduce its second-quarter operating loss from a record-low level.   According...

In July, amid a continuously tight labour market and declining inflation, U.S. consumer sentiment reached a two-year high, improving the outlook for the economy in the short term.   However, the Conference Board survey released on Tuesday provided conflicting signals, indicating that the...

Experts from the IMF report a nearly global fall in business activity. In wealthy nations, this decline is correlated with a decline in industry and the exhaustion of rebound growth in the services sector; in developing countries, it is correlated with lower external demand. The IMF released the...

According to closely watched survey data released on Monday, the growth of the service sector contributed to a five-month low in U.S. business activity in July. However, falling input prices and slower hiring suggest the Federal Reserve may be making progress on key fronts in its fight against...

Business activity in the euro zone shrank significantly more than anticipated in July as demand fell in the major services sector of the union and factory output decreased at the highest rate since the beginning of COVID-19, according to a survey.   The euro zone's two largest economies,...

The price of September wheat futures on the Chicago Mercantile Exchange has surged by 12.3% as the grain deal was terminated. Wheat cost $6.54 per bushel when the grain agreement was dissolved on July 17, but as of Monday, July 24, was already $7.34 per bushel. The price of wheat on the market...