A prominent bank regulator of the United States claimed that his caution regarding banks' collaborations with fintechs is not intended to stifle such relationships, but rather to express his concern that businesses must accurately assess their risks.   The acting Comptroller of the Currency,...

In response to OPEC+'s announcement last week that it would lower its oil production target in defiance of U.S. objections, President Joe Biden promised on Tuesday that "there will be consequences" for the United States' relations with Saudi Arabia.   He made his announcement the day after...

Although Germany's large automakers may have guaranteed their own energy supplies, thousands of small suppliers who are under pressure from rising prices run the risk of disrupting production throughout the winter.   As energy costs continue to rise, more and more suppliers are urging the...

In an effort to stop the rupee's decline, the Reserve Bank of India has asked local banks not to increase their positions in the non-deliverable forward market. This request, according to bankers and traders, could cause offshore volatility to spill over into local markets.   According to...

The People's Bank of China's head announced that the organization will step up its efforts to boost the economy of the nation. The People's Bank of China announced in a statement on Friday that it would increase stimulus measures and offer additional assistance for the real economy. Yi Gang,...

Colombia and Venezuela will have the highest GDPs in Latin America, according to the IMF. The IMF reports that Colombia and Venezuela will have the greatest GDP growth rates among the countries of Latin America and the Caribbean this year, with increases of 7.6% and 6%, respectively. Bolivia...

JPMorgan CEO Jamie Dimon issued a six- to nine-month recession warning. According to Jamie Dimon, CEO of one of the biggest banks in the world, the United States and the rest of the world could experience a recession within the next six months. He listed a number of warning signs of a probable...

Australian businesses reported robust sales in September as a result of robust demand that surprised observers by demonstrating remarkable resistance to rising interest rates. At the same time, cost pressures on prices eased marginally, raising optimism of an inflation slowdown. The Business...

According to interviews with about a dozen government officials of the United States and experts in Washington and the Gulf, the OPEC+ organization's decision this week to cut oil production despite stiff US opposition has strained already strained relations between President Joe Biden's White...