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Goldman Sachs obliges its employees to get permission to travel to Paris during the Olympic Games 2024 04/30/2024

With Banks Retreating, Chinese Companies Go "Underground" About Payments To Russia 04/29/2024

G7 countries to increase electricity storage sixfold by 2030 04/29/2024

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Economics

A Few European Reinsurance Rates Increase By More Than 50% At Jan 2022 Renewals

Some European reinsurance companies raised property reinsurance rates by over 50 per cent starting January 1 this year when renewals were due following record insured losses last year being suffered by the companies of the region because of natural disasters like floods and storms, showed a report...

IMF assesses risks of central banks becoming ESG-financing regulators

Analysts at the International Monetary Fund have identified the risks of central banks actively engaging in a green transition. In their assessment, this could lead to excessive volatility in financial markets and the emergence of ESG bubbles. The International Monetary Fund (IMF) has warned that...

Mexico's Pemex to cut oil exports

Mexican oil company Pemex intends to significantly reduce oil exports next year to 435,000 barrels per day, ending it already in 2023, the company's head Octavio Romero said. "Next year we will refine 1.5 million barrels (per day) at our refineries, especially involving the Deer Park refinery (in...

Surge In Car Production Pushes Up Japan's Factory Output In November

In November, Japan's factory output increased at the quickest rate on record, as global supply chain constraints eased, allowing automobile production to recoup from its recent fall, raising hopes for a robust fourth-quarter economic comeback. While improved manufacturing conditions give...

Bond investors face worst year in more than 20 years

This year could be the worst for bond investors in more than 20 years. Yields on these securities have fallen due to rising global inflation. A bad period in the bond market in recent decades has invariably been followed by a good one, experts said. This year could be the worst for bond investors...

Fall In Raw Material Prices Results In Drop In China’s Industrial Profit Growth

Profits for China's industrial enterprises expanded at a significantly slower rate in November, according to the statistics bureau, owing to falling raw material prices, a sagging housing market, and weaker consumer demand. In November, profits increased 9.0 per cent year on year to 805.96...

Online Platforms To Be Investigated By Chinese Authorities To 'Clean Up' Internet

Chinese authorities have now embarked on a mission to curb down on fake accounts and information and plans to conduct a critical evaluation of a host of online platforms in the country such as social media networks and video-sharing sites. This clampdown is a part of the wider aim of China to...

Data Predicts A Drop In Sale Of New Vehicles In The US In December

Prices of vehicles in the United States have gone through the roof because of shortages in the supply of vehicles compounded by continued high demand which is consequently expected to cause a drop in retail auto sales in the country in December, according to a report published by consultant firms...

Analysts expect Omicron strain to hurt US economy

Emergence of the omicron coronavirus strain in the past few weeks has pushed the number of infections in the US to record highs, disrupting holiday travel plans as well as forcing workers to leave offices and customers to refrain from visiting shops. Some areas of the economy have suffered, noting...

South Korea to release over three million barrels of oil

The South Korean authorities will release 3.17 million barrels from the state's oil reserves from next month to help stabilise fuel prices, KBS television reported, citing a government decision. According to the channel, the decision was taken on Thursday after the government consulted with local...