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ECB Must Anchor Inflation Expectations, Villeroy Tells La Stampa

The European Central Bank is prepared to act to rein in inflation expectations, though betting on dates for potential interest-rate hikes is premature, Governing Council member Francois Villeroy de Galhau told La Stampa.

CTG Duty Free Looks to Earnings Catalyst to Snap 39% Rout

China Tourism Group Duty Free Corp.’s shares may be poised to shift course after a weak run this year, as stabilizing sales and improving demand from its key Hainan business support the outlook, analysts say.

Dalal Street heads for holiday-shortened week amid Mahavir Jayanti, Good Friday

Indian stock markets face a shortened trading week with closures on Tuesday, March 31, for Mahavir Jayanti and Friday, April 3, for Good Friday. This marks the end of the financial year on a holiday. Commodity traders on MCX will have a partial opening on Mahavir Jayanti but will be fully closed on...

Oil Gains as Houthi Attacks Raise Fears of Iran War Escalation

Oil advanced as Iran-backed Houthi militants in Yemen entered the Middle East war and more US troops arrived in the region, raising fears of escalation and threatening further tumult for energy markets.

Why Kenneth Rogoff thinks China’s yuan will be a reserve currency ‘in the next 5 years’

Professor Kenneth Rogoff of Harvard University has repeatedly warned that the US dollar is approaching a crisis of legitimacy. Having written extensively on the global recession in the late 2000s, Rogoff has turned his focus to the US currency’s increasingly unstable place at the top of the world’s...

Are Australia’s Low Fuel Reserves Cause for Concern?

Despite being a major energy exporter, Australia relies heavily on imported refined fuel to power transport, agriculture and other parts of its economy, leaving it highly exposed to disruptions in global supply chains.

داده‌ها نشان می‌دهد قیمت بنزین در ۱۲ ایالت آمریکا نسبت به هفته گذشته کاهش یافته است

داده‌های تازه نشان می‌دهد پس از افزایش قابل توجه قیمت بنزین در آمریکا طی یک ماه گذشته، در برخی ایالت‌ها روندی نزولی آغاز شده، هرچند میانگین ملی همچنان در سطح بالایی باقی مانده است.

South Korea Finance minister hints at expanding vehicle rotation system to private sector if oil prices further rise

SEOUL: South Korea Finance Minister Koo Yun-cheol said Sunday the government could expand a mandatory five-day vehicle rotation system to the private sector if global oil prices rise to US$120-130 per barrel as part of nationwide energy-saving efforts amid an escalating conflict in the Middle East....

Ethiopia seals $13 billion worth of deals at investment conference

Ethiopia has secured $13 billion worth of investment deals, the state investment commission said, after a ​conference aimed at attracting capital into a ‌range of economic sectors. Like other frontier economies in Africa, the East African nation has been seeking to boost foreign ​direct investment,...

US tax overhaul's lure could be deceptive

Chinese scholars said market expectations should remain objective on Washington's approval of a tax overhaul and they expect its benefits targeting special groups in the United States will be limited.

Pharmaceutical supply chains get tangled in Trump’s war with Iran

As President Trump’s war in Iran rages on, it’s posing a growing threat to the pharmaceutical supply chain and risks spiking the prices of many drugs, particularly those that depend on petrochemicals.  The war in Iran and the effective closure of the Strait of Hormuz have caused energy prices t...

New PIA owners rattled by rising jet fuel costs, worry about sustainability

Chairman Pakistan International Airlines (PIA) Consortium Arif Habib on Sunday sounded the alarm over the sustainability of PIA operations in the wake of a recent 150 per cent hike in jet fuel rates, calling on the government to reverse the hike in prices. “PIA could be forced to shut down” if jet f...

UN ECA Conference of African Finance Ministers Kicks Off in Tangier for 58th Session

Morocco is hosting the 58th session of the United Nations Economic Commission for Africa (ECA) Conference of African Ministers of Finance, Planning, and Economic Development (COM58) from March 28 to April 3 in Tangier. The post UN ECA Conference of African Finance Ministers Kicks Off in Tangier for...

KPMG UK puts nearly 600 audit jobs at risk as cost pressure deepens

KPMG UK is cutting nearly 600 roles in its audit division and around 120 in advisory, citing tougher market conditions and unusually low staff turnover. The proposed redundancies, potentially affecting up to 440 audit staff, aim to right-size operations. This move highlights broader cost-cutting pre...

Tyrell Fortune wins UFC debut after score error reversal, years after being pronounced dead

UFC heavyweight Tyrell Fortune accepted a fight on two weeks' notice and won by unanimous decision, only to leave the octagon after the cage announcer misread the scores.

Philippine oil refiner Petron buys Russian crude, eyes alternatives

Petron Corp., the Philippines’ only refiner, has procured 2.48 million barrels of crude oil from Russia as the Southeast Asian nation scours the world for alternative suppliers to support domestic energy needs with the war in Iran raging. “If the current crisis persists and alternative crude sources...

UAE will emerge stronger, operating at full efficiency: Sheikh Mohammed

Beauty Is A $667 Billion Business And Venture Capital Is Finally Paying Attention

As Cosmoprof Worldwide Bologna wraps its 57th edition this week, AI, biotech, and venture capital are converging on a sector that has long outpaced the attention it receives from institutional investors.

Egypt caps bread prices to shield citizens from inflation, uncertainty

Amid rising global tensions and domestic inflationary pressures, Egypt has reinstated price caps on unsubsidized bread, aiming to shield households from rising food costs. The measure highlights the government's effort to maintain social stability while managing economic challenges in a country wher...

Philippine Refiner Petron Buys Russian Crude, Eyes More If Iran War Persists

Petron Corp., the Philippines’ only refiner, has procured 2.48 million barrels of crude oil from Russia as the Southeast Asian nation scours the world for alternative suppliers to support domestic energy needs with the war in Iran raging.