US inflation remains unchanged in May as higher gasoline prices and rising rents offset a drop in grocery prices. The consumer price index, which measures prices...
The rising fuel costs boosted US producer prices for the second straight month in May. The producer price index climbed 0.4 percent from 0.2 percent recorded...
Federal Reserve Chair Janet Yellen while speaking on economic outlook on Monday said interest rate hikes are coming, but gave no clue on when. According to...
Diamond Bank Plc has fired 200 members of its workforce as the economic challenges affecting the country continue to batter the financial services industry. This is...
Federal Reserve Chair Janet Yellen said the ongoing improvement in the U.S. economy would warrant another interest rate increase “in the coming months,” stopping short of...
South Africa’s central bank on Thursday pause its policy tightening program at 7 percent. The Monetary Policy Committee, led by Governor Lesetja Kganyago, said the country’s...
Most Federal Reserve officials on Wednesday see a June interest rate hike if the economy continued to improve. The policymakers said if economic data points to...
The Reserve Bank of New Zealand on Tuesday said inflation expectations have risen in the second quarter. A survey conducted shows businesses expect consumer price to...
Toyota Motor Corp. on Wednesday said its annual net income will likely decline for the first time in five years, as currency fluctuations that had spurred...
Japan’s Finance Minister Taro Aso on Monday commented on the strength of the yen and its impact on the Japanese economy. In his words, “Recent yen...
