The US Federal Reserve began its fourth meeting this year on June 17, having kept interest rates unchanged in its January, March, and May meetings despite mounting pressure from President Donald Trump to lower borrowing costs. But will the central bank finally respond to his repeated calls amid rising trade and military tensions? A Pause… […]
Oil prices up, pressures mount; Will Fed lower rates? Read More »
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Published: Jun 18, 2025, 06:18 GMT+00:00 Key Points: UK inflation cooled to 3.4% in May, fueling speculation about BoE rate cut bets amid slowing economic momentum. Core inflation dropped to 3.5%, below forecasts, supporting expectations of easing monetary policy. Sticky services inflation may delay BoE cuts despite weakening GDP and retail demand concerns. UK Inflation
UK CPI Softens in May; Iran Tensions Stir Uncertainty on BoE Policy Path; GBP/USD Spikes Read More »
We use cookies and data to Deliver and maintain Google services Track outages and protect against spam, fraud, and abuse Measure audience engagement and site statistics to understand how our services are used and enhance the quality of those services If you choose to “Accept all,” we will also use cookies and data to Develop
European Commission President Ursula von der Leyen and her husband Heiko arrive at the Group of Seven (G7) Summit. Photo: Michael Kappeler / POOL/AFP Source: AFP EU Commission Chief Ursula von der Leyen on Tuesday said surging energy prices have reduced the urgency to slash the price cap on Russia’s global oil exports. The European
EU chief says pressure off for lower Russia oil price cap Read More »
USD/INR trades near 86.57, marking its strongest level since April 9 as safe-haven flows lift the Dollar. Iran-Israel conflict intensifies; Trump demands Iran’s unconditional surrender, fueling global risk-off mood. RBI signals scope for more rate cuts if inflation undershoots; India’s Q4 GDP expands 7.4% while jobless rate ticks higher. A technical breakout above the triangle
NEW YORK – Stocks rose and oil prices retreated as fears of a wider Middle East conflict eased even as Israel and Iran pounded each other with missiles for a fourth day. The dollar dipped against the euro and pound, while safe-haven gold declined slightly. Wall Street’s main stock indices pushed higher, with the broad-based
Oil prices drop, stocks climb as Iran-Israel war fears ease Read More »
July WTI crude oil (CLN25) closed up +4.94 (+7.26%), and July RBOB gasoline (RBN25) closed up +0.0847 (+3.95%). Crude oil prices early Friday initially soared by +11% after news that Israel launched a major military strike on Iran, although prices then settled back and closed the day up +7.26%. The oil markets are concerned Iran
Crude Oil Prices Soar on Israel’s Attack on Iran Read More »
Home World News ANZ economist views oil price jump as a market reset, not a shock Richard Yetsenga, Group Chief Economist at ANZ Research, shared his insights on oil, trade, and the geopolitical forces shaping global markets. “Oil is up $10 per barrel from the lowest levels we have seen in quite a long time.
ANZ economist views oil price jump as a market reset, not a shock Read More »
MANILA, Philippines — Oil companies are again poised to raise pump prices this week. Shell, Seaoil, Cleanfuel and Petrogazz said that the prices of gasoline and diesel will increase by P1.80 per liter, while the cost of kerosene will go up by P1.50 per liter. Last week, oil companies hiked their gasoline prices by P0.60
Oil firms to raise pump prices anew Read More »
