According to the results of Reuters’ poll, the Bank of England will continue its tightening cycle next month as red-hot inflation remains well over the goal and the economic threat posed by the Omicron coronavirus variation should be less severe than prior mutations.   Last month, the Bank...

Gas consumption in the European Union fell by 10% in the third quarter of 2021 amid rising prices, according to a report from the European Commission. "Gas consumption in the EU in the third quarter of 2021 decreased significantly by 10%, or 7.5 billion cubic metres, compared to the same period...

The Bank of Japan (BOJ) has once again kept its interest rate negative at minus 0.1%, the regulator said in a statement following the meeting. Eight participants in the meeting were in favour of keeping the negative interest rate, while one was against it. The Japanese central bank introduced a...

The economic growth of China staged a major turnaround in 2021, with the highest rate of growth in a decade which was driven by strong exports. However, there were concerns about the slowing down of the momentum because of falling consumption and a housing slowdown which indicated that there is a...

The People's Bank of China lowered its key rate by 10 basis points. It did so shortly before the publication of the country's GDP data. China's central bank cut its key interest rate for the first time since April 2020. The decision was announced almost simultaneously with the publication of data...

European banks shares gained 10% in early January, growing nine days in a row. The start of 2022 was the best ever for European bank stocks, Bloomberg wrote. According to its information, securities of the banking industry rose more than others represented in the Stoxx Europe 600 stock index. The...

Investors on Wall Street remained skeptical of the prospect of growth of the banking sector even though the chiefs of the largest United States banks remained optimistic on the economic outlook on Friday as they noted a surge in some lending businesses as well as an increase in consumer spending....

Proposals to participate in India’s $2.4 billion battery project have been formulated and submitted to the Indian government by Indian conglomerate Reliance Industries, South Korean automaker Hyundai Motor Co, and manufacturer Mahindra & Mahindra, among others firms, according to reports citing...

There was a 5.4 per cent drop in China's annual crude oil imports in 2021 which was the lowest for the country since 2001. This was potential because of Beijing tightening controls on the refining sector to reduce excess local fuel production and refiner stockpiles.   Beijing started...