U.K. Lords Committee urges Bank of England to refine forecasting after inflation missteps
LONDON - The Bank of England has faced criticism from the Lords Economic Affairs Committee for its reliance on inaccurate...
Economy
2M Tesla vehicles recalled over Autopilot safety concerns
More than 2 million U.S. Tesla owners will begin receiving over-the-air software updates as a result of a recall due...
When will mortgage rates come down? Realtor.com says buyers will ‘start to see some relief’ in the new year.
The 30-year mortgage rate will fall below 7% by April 2024, Realtor.com says in its housing forecast for next year....
Indian banks face increased risk from rising unsecured loans and NBFC exposure
The lending landscape in India is witnessing a significant shift as banks' exposure to Non-Banking Financial Companies (NBFCs) has escalated...
Wholesale inflation eases more than expected in November
Inflation at the wholesale level moderated more than expected in November, the latest sign that high consumer prices are beginning...
Bets that ECB could beat the Fed with first rate cut drives up German stocks, weighs on euro
The euro dipped and German stocks hit fresh four-month highs after data showed eurozone inflation fell to its lowest level...
Bangladesh Bank hikes overnight repo rate to combat inflation
In a decisive move to curb the high inflation plaguing the economy, Bangladesh Bank has announced an increase in its...
Inflation slows again, the Fed’s preferred price tracker shows
The numbers: The cost of goods and services was flat in October, suggesting a further slowdown in inflation that could...
Japan’s corporate service inflation climbs in sign of broadening price pressures
By Leika Kihara TOKYO (Reuters) -Japan's business-to-business service inflation accelerated in October as a tight job market lifted labour costs,...
US economic growth revised up to 5.2% in third quarter
The U.S. economy grew at a faster pace in the third quarter than previously reported, underscoring its resilience even in...
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