WASHINGTON: Worldwide supply chain disruptions are driving price increases and draining momentum out of economies recovering from the Covid-19 pandemic, the IMF warned on Tuesday.

BEIJING (Reuters) - China’s export growth was faster than expected in September, as solid global demand offset some of the pressure on factories from power shortages and a resurgence of domestic COVID-19 cases.

BEIJING (Reuters) - China’s trade surplus with the United States stood at $42 billion in September, Reuters calculations based on Chinese customs data showed on Wednesday, up from $37.68 billion in August.

MELBOURNE, Oct 13 (Reuters) - Oil prices dropped on Wednesday, after a mixed finish in the previous session, amid worries that soaring coal and natural gas prices in China, India and Europe will stoke inflation and slow global growth, reducing oil demand.

HONG KONG, Oct 13 (Reuters) - Asian shares were on edge on Wednesday as worries about soaring power prices fuelling inflation weighed on sentiment and drove expectations the United States would taper its emergency bond buying programme, holding the dollar at a one-year high.

TOKYO (Reuters) - The dollar held near a one-year high versus major peers on Wednesday, amid rising expectations the Federal Reserve will announce a tapering of stimulus next month, potentially following with interest rate hikes by mid-2022.