Imports unexpectedly decreased in March as Covid-19 restrictions delayed freight arrivals and dampened domestic demand, while export growth slowed, leading analysts to forecast a worsening in trade in the second quarter.   The weaker trade data are expected to fuel expectations for greater...

Despite lower oil production projections for Russia, the US Ministry of Energy predicts a 0.5 million barrel per day increase in global oil reserves starting in the second quarter of 2022. The statement is supported by data from the Ministry of Energy (EIA)'s monthly short-term forecast....

The World Trade Organization (WTO) downgraded its forecast for global GDP growth in 2022 from 4.1 percent to 2.8 percent as a result of the conflict in Ukraine, according to the WTO’s report. "Global GDP will rise by 2.8 percent on market exchange rates in 2022, down 1.3 percentage points from the...

China's export growth slowed in March as the Ukraine war reduced global demand, wile imports declined amid evidence that widespread anti-Covid lockdowns had hurt internal spending, according to a report from Reuters based on a survey of economists.    According to a Reuters poll of 19...

According to figures released on Tuesday, Japan's wholesale inflation stayed near record highs for the month of March, as the Russian invasion of Ukraine and a weak yen pushed up gasoline and raw material costs, putting additional strains on the resource-poor economy that is heavily reliant on...

The Chinese market fell 3% after release of inflation data that exceeded expectations. Chinese markets on Monday fell after the release of inflation data for March and statistics on the coronavirus. At the closure of trading, the CSI 300 index (tracks the shares of the largest companies in China)...

The macroeconomic outlook is rapidly deteriorating, putting the US economy in jeopardy with the Federal Reserve tightening its monetary policy with the aim of keeping rising inflation in check, said to Bank of America (BofA) strategists in a weekly research note to clients....

Hong Kong's long-term foreign currency Issuer Default Rating (IDR) has been affirmed at "AA-" by international rating agency Fitch Ratings, with a stable outlook. Large financial reserves, strong external finance, and a high per capita income strengthen Hong Kong's ratings, according to the agency....

Consumer prices in Mexico climbed 7.45 percent in the year to March, the highest level since early 2001 and more than double the central bank's target, according to data released on Thursday by the INEGI national statistics office, implying that more interest rate hikes are expected.  ...