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US annual consumer inflation posts largest gain in three years as prices increase broadly

New Delhi: U.S. consumer inflation increased further in April, with the annual rate posting its largest gain in three years, heightening political risks for President Donald Trump and his Republican party ahead of November’s midterm elections. The back-to-back rises in the Consumer Price Index reported by the Labor Department on Tuesday, reflected strong gains in […]

Asia shares mixed, oil advances on US-Iran deadlock

New Delhi: Asian markets struggled on Friday while oil prices climbed again, as uncertainty over a fragile Middle East ceasefire and stalled U.S.–Iran negotiations dampened investor sentiment. MSCI Asia-Pacific Index excluding Japan edged up 0.3%, heading for a weekly gain of 0.8%. Japan’s Nikkei added 0.45%, while markets in South Korea, China, and Hong Kong […]
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