As the world economy prepares for a slowdown following interest rate hikes, China will account for a sizable portion of the recovery in global oil demand, according to Wood Mackenzie.   The research company claimed in a report released on Thursday that it sees China's reopening as the...

After a string of closures alarmed investors and exacerbated unrest in the world's financial markets, Citigroup Inc. CEO Jane Fraser expressed confidence in American banks on Wednesday.   "The banking system is pretty sound," and large and regional banks are well-capitalized, Fraser told the...

In an effort to combat inflation in the face of the unrest that has reverberated through the global banking system this month, the Bank of England raised interest rates on Thursday, following the Federal Reserve and the Swiss National Bank in doing so.   Investors had questioned if the...

Experts caution that the collapse of Credit Suisse has seriously damaged Switzerland's standing as the top hub for wealth management, casting doubt on its reputation for stability, regulation, and corporate governance.   After months of fighting a crisis of confidence brought on by years of...

Lower mortgage interest rates were at least one benefit of last week's turmoil in the banking sector for American homebuyers.   After Silicon Valley Bank's failure and emergency measures to support the larger banking system drove a mad dash by investors to the safety of government bonds last...

With the collapse of the digital currency markets and numerous company collapses, the crypto industry has had a difficult year.   Hong Kong is attempting to establish itself as a hub for virtual assets despite the volatility.   The city's promotion of digital assets stands in stark...

In 2022, American LNG shipments to Europe increased to 117.4 million cubic meters. According to a study by the White House Council of Economic Advisers, that is nearly 2.5 times more than a year prior (47.8 million cubic meters). The document claims that supply interruptions "related to Russia's...

Nikkei newspaper reports that representatives of the Japanese Ministry of Finance, the Bank of Japan, and the Financial Services Agency are coordinating the possibility of a meeting on Friday evening to share information on the state of the financial and capital markets. According to the newspaper,...

In comparison to the same time last year, China's aluminum production increased 7.5 percent in the first two months of this year, according to data released by the National Bureau of Statistics on Wednesday. The easing of quarantine restrictions boosted demand projections and helped the economy....