Photo taken on July 7, 2022 shows the headquarter of the European Central Bank in Frankfurt, Germany. (Xinhua/Shan Weiyi)The latest strains that have gripped some financial institutions have muddied t
Tag: inflation
ECB raises interest rates by another 50 bps
European Central Bank President Christine Lagarde attends a press conference in Frankfurt, Germany, on March 16, 2023. The European Central Bank (ECB) on Thursday raised interest rates by another 50 b
China\’s stable, resilient development boosts global confidence
A staff member works on an automotive part at a workshop in a motor vehicle company in Xianju County of Taizhou City, east China\’s Zhejiang Province, Feb. 13, 2023. (Photo by Wang Huabin/Xinhua)China\’
Rising costs force UK gov\’t to delay major rail project
LONDON, March 9 (Xinhua) — The United Kingdom (UK) announced on Thursday a two-year delay to parts of a new high-speed rail link between London and northern England, citing escalating costs caused by
China\’s CPI up 1% in February
A consumer picks vegetables at a supermarket in Shijiazhuang, Hebei province, on Feb 10. [PHOTO by JIA MINJIE/FOR CHINA DAILY]China\’s consumer inflation eased in February to a 12-month low, while its
Japan\’s GDP growth downgraded to annualized real 0.1 pct in Q4 2022
TOKYO, March 9 (Xinhua) — Japan\’s economic growth in the October to December quarter was downgraded, owing to private consumption increasing less than previously thought, the government said in a rep
Interview: China\’s recovery bears positively on world economy, says Philippine business leader
A staff member works at a workshop in an engineering machinery company in Xintian County of Yongzhou City, central China\’s Hunan Province, Feb. 13, 2023. (Photo by Liu Guixiong/Xinhua)MANILA, March 6
China targets inflation of around 3 pct in 2023
BEIJING, March 5 (Xinhua) — China targets inflation rate, or increase in consumer price index (CPI), of around 3 percent for 2023, according to a government work report submitted Sunday to the nation
U.S. existing home sales drop for 12th consecutive month
WASHINGTON, Feb. 21 (Xinhua) — U.S. sales of previously owned homes fell for the 12th consecutive month in January, as high home prices, record inflation, and high interest rates put a damper on dema
Wall Street logs worst day in over 2 months on rate fears
NEW YORK, Feb. 21 (Xinhua) — Wall Street\’s major averages fell sharply on Tuesday as investors fretted over the prospects of higher interest rates.The Dow Jones Industrial Average plunged 697.10 poin