Economy Live

Strong customer desire at times help in fighting any downward spiraling of demand in the face of rising prices. The demand for Italian pizzas and pasta has not fallen despite the rising price of wheat and cheese in the country of its origin. Undaunted..

What can be worse for an economy if its inflation increases at the pace of 2000% per month? I am not leaving you in a quandary, but Mugabe-led Zimbabwean economy is actually affected by the inflation, which has risen to 7,634.8%, the highest in the...

To control money supply and curb rising prices, the People's Bank of China has raised interest rate on bank deposits by 27 basis points to 3.6%, and the lending rates by 18 basis points, to 7.02% from 6.84%, fourth time this year. On the basis...

China raised interest rates in the latest series of tightening steps aimed at keeping inflation in check and preventing the world's fourth-largest economy from overheating. The People's Bank of China increases its benchmark one-year lending...

New Zealand's inflation increased more than 1 per cent in the second quarter amid the rising petrol prices. Statistics New Zealand's published data shows that petrol prices increased by 8 per cent, which lifted country's transport prices by...

Rising foreign investment is ensuring China's development as it mounted 22 percent to $6.6 billion in June compared to last year. The Ministry of Commerce asserts that China's foreign direct investment (FDI) grew 12 percent to $31.9 billion in...

To curb the galloping inflation, Venezuelan government has decided to curtail public spending by issuing $2.8 billion in bonds and treasury notes by the end of this year. Country's inflation has risen to 17 percent last year, which raises the...

The U.S. Federal Reserve once again left its key interest rate unchanged amid economists' warning to keep vigil on inflation. Fed officials in a unanimous move left their target for short-term interest rates at 5.25 percent, the highest in 61/2.

Chinese inflation rate has increased 3.4 percent, more than official anticipation of 3 percent, adds the worry to the Chinese authority as scorching economy is growing at 11 percent pace this year, arise the fear of politically dangerous inflation....

New Zealand's central bank increases its interest rate to a record high 8 percent from 7.75 percent amid the speculation of surging inflation. Bank heightened the official cash rate by quarter-percentage-point is bank's third consecutive...