US retail sales strong in February; an increase in the price of petrol will affect spending

Column chart titled 'Monthly change in US retail sales'

Retail sales increased by 0.6% in February Basic sales earn 0.5%; a large tax refund guarantees spending Production increases in March, but the supply chain continues to deteriorate WASHINGTON, April 1 (Reuters) – U.S. retail prices rose by the most in seven months in February as car prices rose and temperatures soared, but rising gasoline … Read more

Exclusive: Bank of England’s Bailey says investors shouldn’t count on rising UK rates

Exclusive: Bank of England's Bailey says investors shouldn't count on rising UK rates

Bailey said any action by the BoE should limit the damage to the UK economy The MPC is likely to debate the need to move quickly on tariffs Bailey says the situation is not the same as in 2022, firms have less pricing power Stock market prices doubled this year JP Morgan cuts BoE rate … Read more

South Korea’s chip boom powers export growth to four decades

South Korea's chip boom powers export growth to four decades

Item 1 of 4 Trucks transport containers at the Uiwang ICD Terminal in Uiwang, South Korea, March 13, 2026. REUTERS/Kim Hong-Ji/File Photo [1/4]Trucks transport containers at the Uiwang ICD Terminal, Uiwang, South Korea, March 13, 2026. REUTERS/Kim Hong-Ji/File Photo Purchase Licensing Rightsopens a new tab Imports rise 48.3% y/y, against 44.9% forecast Increase in semiconductor … Read more

US consumer confidence is rising, but job opportunities and hiring are falling sharply

US consumer confidence is rising, but job opportunities and hiring are falling sharply

Job opportunities fell by 358,000 in February, led by a decline in small and medium-sized businesses. Layoffs and layoffs increased to 1.721 million, and the rate increased to 1.1%. The Conference Board review shows few plans to buy big-ticket items despite some optimism WASHINGTON, March 31 (Reuters) – U.S. consumer confidence rose unexpectedly in March, … Read more

Powell said the Fed would wait and see how the war affects inflation

It shows a certain level of inflation expectations

Powell said high energy prices have not created a tough choice for the Fed With inflation running above target, the Fed is watching inflation expectations Powell sees less risk in the labor market Financial markets have written off bets on a Fed rate hike this year CAMBRIDGE, Massachusetts, March 30 (Reuters) – Federal Reserve Chairman … Read more

Nigeria’s biggest oil refinery fails to curb record petrol prices

Nigeria's biggest oil refinery fails to curb record petrol prices

Competitor Dangote has been forced to import raw materials, exposing Nigeria to global price shocks Nigeria’s petrol pump prices rise by 65%, the highest in Africa The collaborative approach has led to a reduction in household raw food supply Nigeria does not have a formal fuel storage policy LAGOS, March 30 (Reuters) – Fuel prices … Read more