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Tokyo stocks close higher with eyes on US inflation

TOKYO: Tokyo shares closed higher Wednesday following gains on Wall Street, while investors awaited the release of US inflation data later in the day. The...

Rental costs, gasoline prices behind January US inflation

WASHINGTON: Rising rents, a gasoline price rebound and vehicle costs helped keep US inflation elevated in January, analysts say, amid signs that policymakers have...

Soaring prices push annual inflation in US to 40-year high

WASHINGTON: The Federal Reserve is poised to unleash another massive interest rate increase this week after the latest data showed a worrying US inflation...

US inflation data offer no quick relief to Fed, but hint at a peak

WASHINGTON: New US data for May showed little immediate relief from the record pace of inflation pushing the Federal Reserve toward another oversized interest...

Dollar firms in Asia after US inflation rise

TOKYO: The dollar firmed in Asia on Thursday after an unexpected rise in US inflation, while the euro struggled to recover as speculation swirls about further European Central Bank easing measures.

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