According to Russia’s First Deputy Prime Minister Andrei Belousov on Monday, the economy of the country is expected to shrink by less than 3 per cent in 2022, which would mark a much smaller contraction compared to what was being anticipated previously. The government also predicted that inflation...

Investors applauded a breakthrough agreement that gives US regulators access to Chinese companies' accounting records, but they say markets will be required to see successful audits and economic recovery prior to expecting much more money to flow to China.   In principle, the...

Singapore plans to implement proposed rules that will make it harder for retail investors to trade cryptocurrencies in a period when they appear to be "irrationally oblivious" to the risks, according to the country's central bank chief.   Despite warnings and measures, said Ravi Menon,...

A new legislation designed to allow Brazilian soccer clubs to obtain foreign investment is garnering hundreds of millions of dollars to a region known as football's largest source of talent, a shift that could allow Brazilian clubs to compete with Europe's top tier.   The...

Policymakers at the European Central Bank made the case on Saturday for a large interest rate hike next month, arguing that inflation remains uncomfortably high and that the public may be losing faith in the bank's ability to combat inflation.   The ECB raised rates by 50 basis points to...

Beijing and Washington have agreed in principle to allow U.S. regulators to review the audits of Chinese companies that are listed on American exchanges, potentially putting an end to a dispute that had threatened to delist 200 Chinese companies, including Alibaba, from American stock exchanges....

Gita Gopinath, the first deputy managing director of the International Monetary Fund, warned world policymakers on Friday that the trade-offs that global central bankers currently face – between jobs, inflation, and growth – are likely to get worse in the coming years as the world struggles to...

The profits of China's industrial companies declined in July, reversing prior gains as new COVID-19 curbs reduced demand and reduced factory margins while production was threatened by power shortages brought on by heatwaves.   The National Bureau of Statistics reported on Saturday that the...

The OPEC+ alliance does not intend to reduce oil production in the near future. At the same time, there is a possibility that such a decision may be taken if oil from Iran returns to the world market, reports Reuters citing nine market sources. The agency notes that oil from Iran could return to...