The International Monetary Fund is keeping its forecast for global economic growth unchanged at 3.9 percent this year despite worries about rising trade tensions and higher oil prices. But the lending agency is downgrading the outlook for Europe and Japan.
The U.S. economy is running at a fast enough pace to justify continued interest rate increases, Federal Reserve Chairman Jerome Powell said Tuesday.
BRUSSELS—Replacement tire shipments of both consumer and commercial tires in Europe recovered strongly in the second quarter, figures from the European Tyre & Rubber Manufacturers' Association show.
The Chinese government slapped temporary anti-dumping duties on South Korean and Japanese nitrile butadiene rubber (NBR), a component that goes into a range of products from automotive parts to laboratory gloves, further exacerbating Korean exporters caught in the crossfire of ongoing trade war between the world’s two largest economies.
TOKYO (Reuters) - Oil prices dropped on Wednesday after an industry group reported that U.S. crude inventories rose last week, defying analyst expectations for a significant reduction.
TOKYO (Reuters) - The dollar slightly gained against its major peers on Tuesday, as investors awaited Federal Reserve Chairman Jerome Powell’s first congressional testimony for any clues on the pace of U.S. interest rate rises.