Consumers in Britain have suffered a sharp loss of confidence in the face of rising inflation and weakening wage growth, a survey showed on Friday, three weeks after the country's inconclusive national election.

Oil's slide has made Russia and Saudi Arabia case studies in how — and how not — to manage the fallout of weak energy prices.

The Trump administration is proposing parity for both small businesses and corporations in its blueprint to overhaul the tax code, bringing the rates from 35 percent for businesses to 15 percent.

Consumers were much less optimistic than economists had expected in June, according to a preliminary reading.

Central banks have long used inflation expectations to set policy, including interest rates, but some analysts wonder if Asia's policy makers should have bigger fish to fry.

While investors have been preoccupied with President Trump and chaos in Washington, nerve-rattling elections in Europe and the uncertainty created by Federal Reserve policy and Britain's decision to leave the European Union, a once-familiar — and possibly bigger — risk to global markets has been bubbling in the background.

Singapore's non-oil domestic exports (NODX) contracted for a second straight month in May, but the decline was less than expected as electronics shipments from the city state continued to be strong.

U.S. retail sales recorded their biggest drop in more than a year in May amid declining purchases of motor vehicles and discretionary spending, which could temper expectations for a sharp acceleration in economic growth in the second quarter.

U.S. producer prices were unchanged in May as energy costs recorded their biggest decline in more than a year, suggesting inflation pressures were easing after rising at the start of the year.

The U.S. budget deficit rose to $88.4 billion in May from $53 billion a year earlier, as government spending in areas such as Medicaid and defense rose at a faster pace than revenue.

U.S. wholesale inventories dropped 0.5 percent in April, falling short of economists' expectations, the Commerce Department announced on Friday.

The U.S. Congress may be headed for a reckoning with the federal debt limit within weeks, thanks to wealthy Americans and corporations deferring tax payments in the hope that they would benefit from the lower tax rates promised by President Trump.

ban communion with Qatar Saudi Arabia and others show no signs of backing off Qatar 21 Hours Ago | 03:15 Qatar's diplomatic crisis with its Middle Eastern neighbors could spur natural gas buyers to seek greater diversification in sourcing amid potential disruptions from United Arab Emirates ports refusing ships from the country.

South Africa plunged into its second recession in eight years in the first three months of the year, even before a political crisis in the ruling African National Congress triggered rating cuts to junk status.

If China intends to peg the yuan to the dollar, it will not be able to maintain free interest rates

Saudi Arabia and three other nations broke diplomatic relations with Gulf Arab state Qatar on Monday, pointing to Doha's ties to terrorism and the need to maintain national security.

The Federal Reserve sent a strong signal on Thursday that it will raise interest rates this month and soon begin shedding some of its $4.5 trillion in bond holdings despite weak U.S. inflation readings.