With inflation under control and growth steady, the RBI is widely expected to hold the repo rate at 5.25% in Friday’s policy announcement.

Iran’s central bank is trying to bring inflation under control by limiting money creation, tightening supervision of troubled banks and directing ...

Just as Winston Churchill is primarily remembered for facing down the Nazi onslaught in World War II, outgoing US Federal Reserve Jerome Powell is likely to be remembered for his courageous defense of...

KUALA LUMPUR: Malaysia’s economic growth is expected to remain resilient in 2026, supported by strong domestic demand and controlled inflation, leading analysts to predict that Bank Negara Malaysia (BNM) will maintain the Overnight Policy Rate (OPR) at 2.75 percent throughout the year. Kenanga Investment Bank Bhd (Kenanga IB) is of the opinion that the current OPR rate will continue to balance support for domestic activity and price stability. “Policymakers are likely to remain cautious as they monitor US policy developments, the impact of tariffs, the impact of subsidy rationalization and wage measures on inflation and growth prospects.” “The status quo […]

Dominion Energy Virginia Seeks Base Rate Increase After 33 Years In a bid to keep pace with inflation, Dominion Energy Virginia has filed for its first base rate increase in three decades. The company is seeking a $8.51 monthly bump on the average bill for residential customers in 2026 and an additional $2 monthly increase in 2027. This request comes as the energy market faces significant challenges due to rising labor costs, material expenses, and investments needed to maintain service reliability. Dominion Energy Virginia notes that its residential rates have increased by only 40% less than the inflation rate over the past decade. The company attributes this relatively modest growth to its focus on maintaining affordability for customers while still ensuring reliable service. With the current economic climate presenting challenges, Dominion is seeking a base rate adjustment to cover these costs. According to the company's filings with the State Corporation Commission, the requested base rates reflect significant inflationary pressures since 2023. The cost of labor and materials has increased substantially, resulting in higher expenses for the utility provider. To maintain its commitment to serving growing customer bases, Dominion is also seeking investments in infrastructure and equipment upgrades. In addition to the base rate increase, Dominion Energy Virginia is proposing a change to its fuel rate structure. Currently, power capacity costs are factored into the base rate. However, the company believes that this approach can lead to rate instability. By moving these costs to the annual fuel rate, Dominion aims to promote more stable pricing for customers. As part of this proposal, the new fuel rate would take effect on July 1, 2025. The scheduled expiration of a $3.99 fuel credit from a previous case will also be factored into the overall increase. This total includes the previously mentioned fuel commodity price forecasts and extended cold weather in January 2025. For a typical residential customer, this translates to a $10.92 monthly fuel rate hike.

Brazil’s Lula warns of economic impact from US-Israel strikes on Iran, vows measures to protect citizens from rising fuel prices.

Trump credits Venezuela oil operation for lowering US fuel prices and boosting economic growth, linking energy policy to security and inflation.