WASHINGTON: The eurozone’s annual rate of inflation fell more sharply than expected in May despite a drop in the jobless rate to a seven-year low, a combination that is likely to reinforce the European Central Bank’s reluctance to quickly unwind its stimulus programs.
A surge in inflation earlier this year brought with it more forceful calls from Germany and the Netherlands for an end to negative interest rates and massive bond purchases.
KARACHI: Pakistan’s Islamic banking sector expanded during 2025, increasing its share in the country’s financial system with assets reaching nearly...
HONG KONG: Markets fell in Asia on Friday in holiday-thinned trade with investors awaiting developments in US stimulus talks, while...
HONG KONG: Asian equities pulled back on Thursday after a strong run-up in recent weeks as investors took a breather...
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