Japanese investors turned net sellers of foreign equities in April for the first time in four months, dumping 636.4 billion yen. The move was driven by higher energy costs and renewed inflation worries, while trust accounts spearheaded the selling. Investment trusts and life insurers kept buying abroad. The shift followed faster US inflation, strengthening expectations of longer high interest rates.
US wholesale prices rose 6.0% year on year in April, the biggest increase in more than three years. The spike was driven mainly by higher energy costs, with the Iran war playing a key role, and it mirrors recent moves in consumer inflation. The report adds political pressure on President Donald Trump as election plans unfold.
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Gasoline prices in the US inched higher on May 13, with the national average reaching $4.511 per gallon. California drivers are paying the most, while Oklahoma has the lowest prices. Texas and Florida are still below the national average, and Washington and Hawaii show higher rates, partly linked to their geography.
Moody’s Ratings has cut India’s 2026 GDP growth forecast to 6%, lowering it by 0.8 percentage points. The agency cites weak private consumption, slower capital formation and industrial activity, plus higher energy costs. Moody’s also pegged 2027 growth at 6%, down from earlier estimates, warning that global and domestic pressures continue to weigh on momentum.
Sri Lanka’s Public Utilities Commission has approved another rise in electricity tariffs, marking the third increase this year. Households using more than 180 units per month will face an 18% jump. The regulator says 95% of consumers will be unaffected, and it ordered the National Systems Operator to exclude coal costs from future tariff revisions.
Natural gas power plant costs have surged nearly twofold in just two years, with construction now taking about 23% longer. The report points to rapidly rising electricity demand from data centers as the key driver, squeezing project timelines and budgets at a moment when more capacity is urgently needed.
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President Trump has extended a critical Jones Act shipping waiver by 90 days, allowing foreign vessels to transport key goods like oil and fertilizer to the United States. The move targets rising energy costs amid international turmoil, aiming to improve fuel supply and reduce financial pressure on households.
Greece plans to raise the gross monthly minimum wage by 4.5% to 920 euros starting April 1, the sixth increase in just four years. The government says the move is meant to rebuild living standards hurt by the financial crisis and soften the impact of rising energy costs as geopolitical pressures, including Iran war-related strain, weigh on the economy. A target of 950 euros by 2027 is set.
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