Canadian business and consumer expectations of inflation over the next couple of years is at a record, according to the country’s central bank, a worrying development that will stoke bets of more aggressive rate hikes.
Flows to China and India are more than 15% below their highs of late May
The European Central Bank should be cautious about deploying tools to contain the borrowing costs of weaker nations, Bundesbank President Joachim Nagel said.
India’s trade deficit widened the most on record last month as high global commodity prices further raised the import cost of goods such as oil and gold.
Egypt’s state-run buyer is negotiating privately with traders to purchase wheat, making a rare shift from its usual tender process.
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