Bitcoin could reach a value of $100,000, Goldman Sachs expects. It believes this is possible if the cryptocurrency can take market share away from gold. The value of Bitcoin could rise to $100,000, Bloomberg wrote, citing Goldman Sachs analysts. According to the bank, the value of the most popular...

US Federal Reserve chiefs signaled growing discomfort with the high inflation rate at the December meeting of the Federal Open Market Committee, where a shift to an earlier date for moving to higher interest rates was also discussed. Most of the meeting participants, whose forecasts were published...

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...

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...

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...

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...

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...

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...

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...