Shares are sharply lower in Asia after a broad retreat on Wall Street

Shares are sharply lower in Asia after a broad retreat on Wall Street

Japan has recorded a trade deficit in April as imports ballooned 28% as energy prices soared while the yen remained weak

The bears are rumbling toward Wall Street

President Joe Biden embarks for Asia on Thursday facing a new risk for the economy at home: a global economic slowdown caused by Russia’s invasion of Ukraine and the pandemic shutting down Chinese cities and factories

Treasury Secretary Janet Yellen is warning that Russia’s February invasion of Ukraine has produced a sharp increase in food and energy prices that is contributing to a slowdown in growth and creating greater risk of global stagflation

Britain’s inflation rate has risen to the highest level in 40 years as Russia's war in Ukraine fueled further increases in food and fuel prices

Asian stock markets are mixed after Wall Street rose and the Federal Reserve's chairman said it will raise interest rates further if needed to cool inflation

Chair Jerome Powell has underscored the Federal Reserve’s determination to keep raising interest rates until it has brought inflation under control