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Italian inflation surges to 7% in March

  Bloomberg Italian inflation surged to the highest in three decades as energy prices continued to rise following Russia’s invasion of Ukraine. Prices increased 7% in March from a year earlier, statistics office Istat said. That’s the fastest pace since 1991. Rising prices and the ongoing conflict are impacting the economy with Finance Minister Daniele Franco saying last week that ...

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Brazil exports, imports hit record high in March

  Bloomberg Brazil posted record monthly exports and imports in March on the back of a surge in global commodity prices fuelled by the Russian invasion of the Ukraine. Exports rose almost 20% from the same month a year ago to $29.1 billion, a record for the data series that goes back to 1959, the Economy Ministry reported. Imports increased ...

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Tokyo Stock Exchange’s new look goes into effect

Bloomberg The Tokyo Stock Exchange implemented its biggest revamp in over 60 years on Monday, with a long-awaited but largely symbolic restructuring of its market segments. Earlier hailed as a once-in-a-generation shift, the introduction of the three new sections — Prime, Standard and Growth — was intended to boost Japanese stocks’ appeal and understandability to foreign investors. But the restructuring ...

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