(Bloomberg) — A fall in the prices of a few key global commodity indicators has raised hopes that the world economy may have reached peak inflation. But UK households best not get carried away, economists warn. Read More
WASHINGTON — The U.S. Commerce Department on Wednesday suspended the export privileges of three U.S.-based firms for 180 days for what it said was the illegal export of satellite, rocket and defense technology to China. Read More
SHANGHAI — The sprawling district of Minhang in central Shanghai has implemented new lockdown measures to detect and control COVID-19 transmission risks, the district government said on Thursday. Read More
(Bloomberg) — The yen is a whisker away from sliding to the lowest in about 24 years as investors ramp up short bets on Japan’s beleaguered currency. Read More
SINGAPORE — Oil prices edged up on Wednesday ahead of data on U.S. oil inventories, with crude futures supported by tight supplies and recovering fuel demand as China’s top cities relax COVID-19 curbs. Read More
SINGAPORE — Chicago corn gained more ground on Wednesday with strong demand and higher prices in the physical market lifting futures for a third consecutive session. Read More
TOKYO — Japan’s economy shrank slightly less than initially reported in the first quarter, as private consumption remained resilient in the face of resurgent COVID-19 infections, offsetting a drop in capital spending. Read More
Kohl’s Corp has entered exclusive negotiations with retail store operator Franchise Group Inc over a potential sale of the department store chain, valuing it at nearly $8 billion, the companies said late on Monday. Read More