World Shares Steady After Wall Street Sinks Into Bear Market | Business News

By YURI KAGEYAMA, AP Business Writer TOKYO (AP) — Shares opened mostly higher in Europe early Tuesday and Asian shares recovered from the worst of their losses following Wall Street’s tumble into what’s called a bear market. London and Frankfurt gained on the open but fell back slightly later in the morning. Shanghai advanced while … Read more

Inflation: is France less exposed than its European neighbors as asserted by Bruno Le Maire?

For Bruno Le Maire, inflation is “the first political and economic challenge” of the Borne government. The minister acknowledged that the rise in prices constitutes a risk for the purchasing power of the French. According to the former MP, inflation is “a heavy, difficult and agonizing financial burden for millions of our compatriots, which weakens … Read more

Heatwaves may make India’s inflation problem worse, hurt growth: Moody’s

Rating agency Moody’s on Monday said that the prolonged elevated temperatures affecting much of the northwest of the country will curb wheat production and could lead to extended power outages. This may already exacerbate high inflation and hurting growth, a credit negative for the country. Over the longer term, India’s highly negative credit exposure to … Read more

Asian Shares Mixed After Wall St Barely Misses Bear Market | Business News

By ELAINE KURTENBACH, AP Business Writer Shares are mixed in Asia in cautious trading after Wall Street rumbled to the edge of a bear market on Friday. Tokyo and Sydney were higher Monday while Hong Kong and Shanghai declined. Investors were awaiting minutes from the latest policy setting meeting of the Federal Reserve and updates … Read more