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U.S. stocks drop as inflation hits four-decade high

U.S. stocks drop as inflation hits four-decade high

2022-04-13 05:40

U.S. stocks fell on Tuesday as data showed U.S. inflation surged to a four-decade high in March.

U.S. retail gasoline prices this summer to be highest since 2014: EIA

U.S. retail gasoline prices this summer to be highest since 2014: EIA

2022-04-13 05:38

U.S. EIA forecast in a report on Tuesday that U.S. prices for retail gasoline will average 3.84 U.S. dollars per gallon this summer.

Oil prices jump as OPEC warns of supply risks

Oil prices jump as OPEC warns of supply risks

2022-04-13 05:34

Oil prices surged on Tuesday after the Organization of the Petroleum Exporting Countries (OPEC) warned of severe supply risks.

Economic Watch: European experts eye stronger growth of RMB as global currency reserve

Economic Watch: European experts eye stronger growth of RMB as global currency reserve

2022-04-12 09:32

MADRID, April 12 (Xinhua) -- The Chinese currency Renminbi (RMB) has been increasingly used as international currency in recent years, and it will play a more and more important role as a global currency reserve in the future, European experts have s

S.Korean banks to ease lending standard in Q2

S.Korean banks to ease lending standard in Q2

2022-04-11 15:12

South Korean banks planned to ease lending standards in the second quarter as higher borrowing cost slowed the growth pace of household loans.

Interview: World Bank economist says Russia-Ukraine conflict poses big risks for developing East Asia and Pacific

Interview: World Bank economist says Russia-Ukraine conflict poses big risks for devel

2022-04-11 15:00

The ongoing Russia-Ukraine conflict poses big risks for the developing countries in the East Asia and Pacific region.

World Bank projects Ukraines economy to shrink by 45 pct this year

World Bank projects Ukraine's economy to shrink by 45 pct this year

2022-04-11 14:03

Ukraine's economy is expected to shrink by 45.1 percent this year, and Russia's economy is projected to contract by 11.2 percent.

S.Koreas export rises 3 pct in 1st 10 days of April

S.Korea's export rises 3 pct in 1st 10 days of April

2022-04-11 13:18

South Korea's export logged a single-digit growth in the first 10 days of this month on the back of fewer business days.

Economic Watch: Mideast countries feel pinch of soaring food prices during Ramadan

Economic Watch: Mideast countries feel pinch of soaring food prices during Ramadan

2022-04-11 09:26

CAIRO, April 11 (Xinhua) -- Rising food prices and a worsening economic situation have forced many Middle Eastern families to limit their Ramadan budgets, resulting in lower meat purchases and other traditionally popular food. During the holy fasting

2nd LD Writethru: Macron, Le Pen lead 1st round of French presidential election

2nd LD Writethru: Macron, Le Pen lead 1st round of French presidential election

2022-04-11 05:58

PARIS, April 10 (Xinhua) -- French incumbent President Emmanuel Macron and far-right wing candidate Marine Le Pen are the top two leaders of the first round of the 2022 presidential election with respectively 28.2 percent and 23.4 percent of the vote

Israels budget deficit continues to narrow

Israel's budget deficit continues to narrow

2022-04-11 03:29

Israel's budget deficit over the 12-month period ended in March has declined to 22 billion new shekels (6.83 billion U.S. dollars).

U.S. launches first private astronaut mission to space station

U.S. launches first private astronaut mission to space station

2022-04-09 00:56

NASA, Axiom Space, and SpaceX launched a first private astronaut mission to the International Space Station (ISS) on Friday.

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