Wealthy Chinese clients have revealed that they are extremely concerned about keeping money in Swiss banks due to the possibility of being placed on sanctions lists – primarily because of Switzerland's policy, which has reportedly renounced neutrality earlier, according to Financial Times sources....

Sanctions imposed by the United States on Russia have begun to erode the dollar's decades-long hegemony over international oil trade, as most transactions with India, Russia's main seaborne crude export market, have been settled in other currencies.   The dollar's dominance has been called...

The Dutch government joined the American effort to limit chip exports to China on Wednesday by announcing new restrictions on semiconductor technology exports to safeguard national security.   The announcement represented the Dutch government's first significant step toward adopting...

The total U.S. military budget for the fiscal year that starts on October 1 will rise to $835 billion from the current $816 billion. This information was provided by a source who spoke to Bloomberg under the condition of anonymity because the budget has not yet been forwarded to Congress. The...

China will establish a new financial regulatory body to consolidate oversight, according to analysts, in order to close gaps with multiple agencies monitoring different aspects of its trillion-dollar financial services industry.   According to a plan submitted to parliament on Tuesday, the...

The Federal Reserve will most likely have to increase interest rates more than anticipated in the face of current strong data, and it is prepared to take larger steps if the "totality" of incoming information indicates that tougher measures are required to control inflation, Fed Chair Jerome Powell...

According to JP Morgan analysts, there is a 15% chance that the United States will experience a recession in the first half of 2023. In the first half of this year, the US recession risk dropped from 20% to 15%, according to JP Morgan. Out of four potential scenarios, it is currently the least...

The amount invested in the extraction of oil worldwide is decreasing on average by $500 billion a year, and this may result in affordability and security issues, said Haitham Al Ghais, the general secretary of OPEC+. "The amount of investment going into the oil industry has significantly decreased,...

Australia's central bank increases the key rate to 3.6 percent, the highest level in more than a decade. The Reserve Bank of Australia increased its benchmark interest rate by 25 basis points on Tuesday to 3.60 percent, the highest level in more than a decade, and stated that additional monetary...