International Economic
US inflation continues to rise
Inflation continued to mount in the US in February, official data showed on Thursday, putting further pressure on the Federal Reserve.
US jobless claims rise from prior week's almost 52-year low
Americans filed new claims for unemployment benefits at an accelerated pace in the week ended 26 March, according to the Labor Department, with the overall figure rising by 14,000 to 202,000 - above market expectations for a print of 197,000.
Hutchmed China confident after being added to SEC list
Hutchmed China updated the market on its status under the United States ‘Holding Foreign Companies Accountable Act’ on Thursday.
Eurozone unemployment hits new low
Unemployment across the Eurozone has fallen to a fresh low, official data released on Thursday showed.
Bitcoin whales activity picking up but price can't break $48,000
Bitcoin is still trading below $48,000 on Thursday, the price where the rally of the last few days ran aground and where bulls saw the momentum that lifted the digital currency to 2022 highs reached on March 28th exhausted. Since then, the cryptocurrency has entered a short-term consolidation. It remains to be seen if it is just a short break before assaulting resistance at $50,000 - $52,000. Market watchers draw attention to Bitcoin whale activity in the last 48 hours, whose transactions have seen a spike.
Oil price drops as Biden plots big US reserve release
Oil prices fell on Thursday as traders waited for an expected big release of reserves by President Joe Biden designed to stem inflation in the US economy.