Oil slips 1% after Opec+ accelerates output hikes
Oil prices slipped 1 per cent at the start of trading on Monday after Opec+ accelerated output hikes and raised concerns about oversupply. Brent crude futures fell 67 cents, or 1…
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Hikes
Oil tumbles as Opec+ hikes August output more than expected
Oil prices slipped more than 1 per cent on Monday after Opec+ surprised markets by hiking output more than expected in August, raising concerns about oversupply. Brent crude futures fell…
BOJ should resume rate hikes after pause, board member Takata says
Bank of Japan board member Hajime Takata said on Thursday the central bank should resume interest rate hikes following a temporary pause to evaluate the impact of US tariffs on…
Minimum wage hikes take effect for 880,000 workers across the U.S.
Workers in about 15 locations nationwide are about to receive a boost in their paychecks, thanks to minimum wage increases that went into effect this week around the country. On Tuesday,…
Slow rate hikes could cause wage-price spiral, Bank of Japan paper says
Hiking interest rates only gradually as raw material costs rise could heighten the risk of an upward spiral in wages and consumer prices, the Bank of Japan said in a research paper…
Fed’s Powell says he expects to see more tariff-driven price hikes in coming months
Federal Reserve Chair Jerome Powell said on Wednesday goods price inflation will pick up over the course of the summer as President Donald Trump’s tariffs work their way to US consumers,…
Walmart stock slips after Trump lashes out about tariff-driven price hikes
Last week, anticipated price hikes at Walmart attracted headlines across the country after CEO Doug McMillon warned that certain items would become more expensive as a result of President…
Bank of Japan split over how US policies impact rate hikes: March minutes
Bank of Japan policymakers were divided in March over how soon the central bank should raise interest rates again as uncertainty stemming from US tariff policies heightened,…
Hermès Hikes Prices in the U.S.
PARIS — As the business world adjusts to the Trump administration’s tariffs, Hermès International has followed through with the price increases promised during its most recent round of…
Temu, Shein see US sales drop in week after tariff price hikes
Shein Group and Temu saw double-digit sales declines in the week after they raised retail prices to cover the costs of increased US tariffs, an initial sign that US President Donald…
Oil drops more than US$2/barrel as Opec+ accelerates output hikes
Oil prices fell more than US$2 a barrel in early Asian trade on Monday as Opec+ is set to further speed up oil output hikes, spurring concerns about more supply. Brent crude…
Bank of Japan sees window for rate hikes narrowing but not closed yet
The Bank of Japan’s (BOJ’s) rate-hike cycle is facing its biggest test since Governor Kazuo Ueda took the helm two years ago, with US President Donald Trump’s tariffs rapidly narrowing the…
Coca-Cola results beat estimates on price hikes, demand surge
Coca-Cola on Tuesday (Apr 29) reported better-than-expected revenue and profit for the first quarter, as the beverage giant benefits from price hikes and enjoys strong demand for its…
Shein hikes US prices as much as 377% ahead of tariff increases
Fast-fashion giant Shein Group raised US prices of its products from dresses to kitchenware ahead of imminent tariffs on small parcels, in an early sign of the potential effect of the…
Nestle sales rise on price hikes for coffee, cocoa products
Nestle’s sales rose as the maker of Nespresso and KitKat candy bars increased prices to counter soaring costs for coffee and cocoa. Revenue grew 2.8 per cent on an organic basis in the…
Indonesia hikes mining royalties in bid to fund Prabowo policies
The regulation comes into effect 15 days from Apr 11, the registration date, according to the document Indonesia has raised the royalty rate to be paid by nickel, tin and other…
Bank of Japan debated weak-yen risk, scope for more rate hikes at January meeting, summary shows
BANK of Japan (BOJ) policymakers discussed the likelihood of raising interest rates further with some warning of upside inflation risks and the damage a weak yen could inflict on the…
Japan’s megabanks see record annual profit after bumper Q2 as rate hikes boost margins
JAPAN’S three megabanks raised their annual profit forecasts to all-time highs on Thursday (Nov 14), fuelled by robust lending demand and higher margins following a July interest rate hike…
Israeli budget hikes military spending, VAT, cuts social services
The Israeli government on Friday approved higher military spending and cuts in education, health and social services in a draft budget for 2025. The draft, which still needs parliamentary…
Colombia Hikes Tariffs on Cheap Steel Imports From China
(Bloomberg) -- Colombia became the latest Latin American country to raise tariffs on Chinese steel, as producers complain of the threat to local jobs from cheap imports. Most Read from…
South Africa travel guide: Spend your trip with wildlife on unforgettable safaris, magnificent hikes and more
There is surely something for everyone in South Africa. From hikers, to those fond of magnificent animals, to history buffs, there is something to do on a vacation to South Africa that…