Category: Business

China’s Consumer Prices Rise 0.6% in August

China’s consumer prices continued to rise in August amid a sustained recovery of domestic demand, official data showed Monday.

The consumer price index (CPI), a main gauge of inflation, was up 0.6% year on year last month, quickening from the 0.5% i…

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Oil Prices Jump $1 on Post Selloff Recovery

Oil futures jumped by a dollar in early trading on Monday as markets recovered from a selloff following weaker-than-expected US jobs data on Friday.

West Texas Intermediate crude futures rose $1, or 1.48%, to $68.67 a barrel.

Brent crude futures we…

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Gold Slips Below $2,500 Mark

Gold prices remained steady on Monday and was trading slightly below the key $2,500 an ounce level, as the market awaited August inflation data for further insights into the anticipated Federal Reserve interest rate cut this month.

Spot gold was nea…

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Dollar Rises Amid Focus on Fed Rate-Cut Outlook

The dollar recovered some lost ground on Monday while the yen pared its safe-haven gains, as investors who were undecided on the scale of a Federal Reserve rate cut expected later this September.

The onshore yuan was last 0.3 percent weaker at 7.111…

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