At the forum at Singapore's Shangri-La hotel, graduate student Zayn Zhang agreed with other many wealthy Chinese people that Singapore would be the best place to keep his family's money.   His wife is out hunting for a S$5-7 million ($4-5 million) penthouse while he studies at an Asian...

According to Bloomberg, the European Union is thinking about restricting the cost of Russian diesel fuel at $100 a barrel. Additionally, it suggests capping the price of discounted oil products at $45 per barrel. The G7 plans to set two price caps for Russian oil products in order to account for...

According to sources cited by Reuters, the Equinor energy corporation of Norway has begun selling its 20.21% ownership of the Nigerian offshore oil field Agbami. Norwegian energy company Equinor "is selling its stake in an offshore oil field in Nigeria, following the departure of Western energy...

According to the UN assessment on the global economic condition and its forecasts for this year, the growth rate of the U.S. GDP will slow in 2023; this year, the figure will increase by 0.4% as opposed to 1.8% in 2022. The UN projects that after rising by around 1.8 percent in 2022, the United...

Creation of a regional currency is being discussed, as previously reported by the presidents of Brazil and Argentina, and Nicolas Maduro of Venezuela has voiced support for the notion. "Venezuela is prepared, and we support the plan to establish a currency for Latin America and the Caribbean....

According to a study by Morgan Stanley, economic growth in the euro area this year may be slightly better than anticipated, especially due to decreased energy prices. The statement reads, "We are increasing our growth prediction for 2023 to 0.5% from 0.2%. There are two reasons for doing this....

Hedge Fund Research (HFR) data showed on Friday that nearly $125 billion in assets left the hedge fund industry due to performance losses in 2022, the latest sign of the havoc that volatility wreaked on the industry last year.   Investors reconsidered investing in hedge funds, resulting in a...

According to the Financial Times, European Council President Charles Michel wants to explore the possibility of managing $300 billion in frozen Bank of Russia assets in order to turn a profit that might be used to fund the reconstruction of Ukraine. According to The Financial Times, Michel urged...

Global leaders and business executives left a freezing World Economic Forum (WEF) meeting on Friday after a candid discussion of how the world will address its most pressing issues in 2023.   ECONOMY    Gloom and doom at the start of Davos gave way to cautious optimism by the...