MANILA — The Philippine central bank raised its key interest rates by 75 basis points in a surprise move on Thursday and kept the door open for further tightening as it rushed to contain broadening inflationary pressure and rescue a faltering peso. Read More
SINGAPORE — Oil prices were little changed on Thursday as investors weighed tight supplies against the prospect of a large U.S. rate hike that would stem inflation and curb crude demand. Read More
TOKYO — Japanese shares jumped on Thursday as chip and automakers gained from a drop in yen to a 24-year low amid a relentless surge in the greenback on rising bets of aggressive interest rate hikes in the United States. Read More
Oil edged up on Wednesday, a day after prices fell through $100 a barrel for the first time since April, but gains were limited by caution ahead of U.S. inflation data that could weaken the market. Read More
BEIJING — China’s imports from Russia soared 48.2% in the first half of the year compared to the same period of last year, faster than the 46.5% growth in January-May, customs data showed on Wednesday. Read More
MADRID — Spain’s Cellnex said on Wednesday it was no longer participating in the process for the potential acquisition of a stake in the company that operates Deutsche Telekom’s telecommunications infrastructure in Germany and Austria. Read More
BERLIN — Producer prices for agricultural products in Germany surged again in May, driven partly by an explosion in grain costs caused by the Ukraine war, but at a lower rate than the previous month, according to data published on Wednesday. Read More
PARIS — For Emilie Malherbe, choosing the color of her brand new Renault Arkana SUV was easy because only three were available: black, pearl-white and gray. Read More
Copper prices fell on Monday, as new COVID-19 restrictions in top consumer China and fears of rapid interest rate hikes leading to a global economic slowdown dent demand for metals. Read More