Bloomberg Polish inflation surged to its highest level in two decades, piling pressure on policy makers to ditch their dovish stance and increase interest rates in the coming months. Consumer prices rise 5.4% from a year earlier in August, after a 5% increase in July, according to data. That exceeded the 5.1% median estimate in a Bloomberg survey. The Monetary ...

Bloomberg Euro-area inflation jumped to the highest in a decade in August, testing policy makers’ insistence that a post-crisis spike in cost pressures should prove temporary. Consumer prices rise 3%, exceeding the predictions of all 37 economists in a Bloomberg survey. A measure of core inflation that strips out volatile items such as energy and food reached 1.6%, the highest ...

Bloomberg Warren Buffett shocked Tokyo markets last August with a $6 billion bet on the country’s five largest trading houses. One year on, his investments are paying off. Amid the surge in commodity prices, the collective value of Berkshire Hathaway Inc’s stakes in the five “sogo shosha” has risen by about $2 billion. That gain of more than 30% has ...