Canada’s annual inflation rate dropped more than expected to a 27-month low of 2.8 per cent in June, data showed on Tuesday, but excluding energy prices inflation was still barely […]
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Oil slides as Chinese GDP dents demand hopes
Oil dropped by more than 1% on Monday after weaker than expected Chinese economic growth fueled concern over demand in the world’s second-biggest oil consumer while a partial restart of […]
Russia says it will not extend the landmark Ukraine grain deal
First inked in July 2022, the U.N.-brokered Black Sea Grain Initiative has been repeatedly elongated in short increments. It was set to lapse on Monday at midnight, Istanbul time.Russia on […]
China reports second-quarter GDP miss, another record high in youth unemployment
BEIJING — China said Monday that second-quarter gross domestic product grew by 6.3% from a year ago, missing expectations.The unemployment rate among young people ages 16 to 24 was 21.3% […]
A landmark agricultural deal that guarantees food security for tens of millions is set to expire on Monday as Russia debates its renewal
Russia has yet to decide if it will extend the terms of the Black Sea Grain Initiative, which is set to expire on Monday. Under the deal, more than 1,000 […]
Economic Calendar: July 17 – July 21
Monday July 17China second quarter GDP and June industrial production and retail sales data.Italy releases consumer price index for June.G20 finance ministers and central bank governors meeting in India (July […]
China’s dream of a smooth post-pandemic economic recovery has already turned into a nightmare
The bad news just keeps coming for China’s ailing economy. Exports tanked 12% in June, according to data released Thursday. Slumping growth and deflationary risks are also sparking concern.China’s plan […]
June wholesale prices rise less than expected in another encouraging inflation report
The producer price index for June had a smaller than expected increase, the Labor Department reported Thursday, in the latest sign that inflation is calming in the United States.The PPI for final […]
China’s exports record biggest decline in more than 3 years
Dollar value of China’s exports plunged 12.4% in June from a year ago, a far bigger drop than expectations for a 9.5% decline in a Reuters poll and the 7.5% […]