US oil producers are unlikely to significantly increase output in the near term despite elevated crude prices, according to Dallas Federal Reserve President Lorie Logan, underscoring persistent risks to inflation and economic stability. Speaking at an event hosted by the regional Fed bank on Thursday, Logan indicated that current market conditions have not yet convinced

The dollar rose on Thursday after US President Donald Trump described Iran as acting “crazy,” tempering expectations for a swift ceasefire that had briefly erased a two-day slide in the currency. The dollar index climbed to a session high of 99.925 before closing 0.3% stronger at 99.86, having earlier touched a three-week low as investors

The US labour market showed signs of resilience toward the end of March, with fresh data pointing to subdued layoffs as initial applications for unemployment benefits fell. New claims for state unemployment benefits dropped by 9,000 to a seasonally adjusted 202,000 in the week ended March 28, according to data released by the Labor Department.

EU lawmakers in China on Tuesday called on the country to improve product safety and increase market access during their first visit in eight years. This week, a delegation of EU lawmakers is visiting several of the country’s biggest e-commerce platforms, including those linked to billionaire Jack Ma, founder of Ant Financial, which operates the

Consumer prices in the Eurozone rose at the fastest pace in over a year in March, as a sharp increase in energy costs linked to the Iran conflict pushed inflation above the European Central Bank’s target. Inflation in the Eurozone accelerated to 2.5% in March from 1.9% in February, according to preliminary estimates from Eurostat.

India will not apply stricter anti-tax avoidance rules to gains from foreign investments made before April 2017, the country’s income tax department said on Wednesday, in a move designed to ease fears of retrospective action among overseas investors. The clarification follows a Supreme Court ruling in December that found US-based investment firm Tiger Global liable

Canada’s economy posted a modest gain in January, with gross domestic product rising 0.1% from December, Statistics Canada said. The increase followed a 0.2% rise in the previous month and came in ahead of analyst expectations for flat growth. An advance estimate pointed to a 0.2% expansion in February, though the agency cautioned that early

Germany’s inflation accelerated to 2.8% year on year in March, according to preliminary figures released Monday by the federal statistics office. The reading, harmonised with the European Union’s methodology, rose from 2.0% in February and came in line with economists’ expectations in a Reuters poll. March figure meets forecast The EU-harmonised rate is the measure

US consumers and domestic importers are shouldering most of the financial burden from recent tariffs, while import volumes drop and foreign sellers face weaker demand, according to a new European Central Bank analysis published Monday. The ECB’s article in its Economic Bulletin, reported by Reuters, finds exporters to the United States pass on only a small

The S&P 500 Index continued its strong downward trend last week as the Iran war continued, pushing crude oil and natural gas prices higher. The SPX index fell to $6,368, its lowest level since August last year. It has fallen in the last five consecutive weeks. S&P 500 Index in focus as Iran war takes