Business

South Korean inflation reaches 2.9 percent annual growth

congodailynews.com
Persistent gains in fresh agricultural produce and energy commodities pushed South Korea’s September inflation rate to an annual 2.9 percent growth rate. Macroeconomic filings published by Statistics Korea confirm that severe weather patterns during the...
China keeps loan prime rates steady through September 2026
Business

China keeps loan prime rates steady through September 2026

congodailynews.com
China left its benchmark lending rates unchanged in September, extending a period of stable borrowing costs. The one-year loan prime rate remained at 3.0%, while the over-five-year rate stayed at 3.5%. Banks commonly use the...
Business

Gold clears $4,400 while US inflation data takes focus

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Gold advanced for a third consecutive session on Tuesday as bullion extended its rebound from last week. Spot gold gained 1% to $4,432.74 an ounce by 0217 GMT, reaching its highest level since June 5....
Business

Denmark inflation slips to 1.7% with core rate steady

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Denmark's annual consumer price inflation eased to 1.7% in July from 1.9% in June, official data showed. Statistics Denmark said the consumer price index rose 1.3% from June. Core inflation was 2.3%, unchanged from the...
Gold falls below $4,000 after oil prices jump
Business

Gold falls below $4,000 after oil prices jump

congodailynews.com
Gold dropped about 3% on Monday, July 13, falling below $4,000 an ounce as oil prices surged and expectations for higher U.S. interest rates strengthened. Spot gold fell to $3,996.76 per ounce, its lowest level...
China inflation hits 1% in March as PPI turns positive
Business

China inflation hits 1% in March as PPI turns positive

congodailynews.com
BEIJING: China’s consumer inflation rose 1.0% in March from a year earlier, official data showed on Friday, easing from February’s 1.3% increase as spending cooled after the Lunar New Year holiday period. On a month-on-month basis, the consumer...
Gold steadies as markets watch US-Iran talks
Business

Gold steadies as markets watch US-Iran talks

congodailynews.com
ISLAMABAD: Gold prices held steady on Thursday as investors weighed a fragile U.S.-Iran ceasefire, preparations for talks in Islamabad and a fresh round of U.S. inflation data that could shape the Federal Reserve’s next move on interest rates....
South Korea inflation eases to 2.0% in January
Business

South Korea inflation eases to 2.0% in January

congodailynews.com
MENA Newswire, SEOUL: South Korea’s consumer inflation eased to 2.0% in January from 2.3% in December, as measured by the consumer price index, government data released Tuesday showed. The CPI, with 2020 set to 100, rose to 118.03 in...