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Materials costs soar, putting pressure on manufacturers
BEIJING: China's factory gate inflation hit a 13-year high in August, as commodity prices remained elevated despite Beijing's attempts to cool them.
Munich: Germany’s revamped IAA auto show, one of the world’s largest, opens here tomorrow for a celebration of all things car-related, but climate concerns and pandemic woes threaten to spoil the party.
THE FBM KLCI closed above 1,600 points this week for the first time in five months since March 23, 2021.
SEOUL: South Korea’s August consumer inflation stayed at a nine-year peak, raising the chances the central bank will hike rates again this year as strong demand adds to price pressures.
NEW YORK: World stock markets closed at new highs on Wednesday as investors looked beyond weak economic data that weighed on the dollar to focus on the likely continuation of massive central bank stimulus measures.