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...

Ukraine's economy should normalise this year and grow by up to 15.5 per cent in 2023, contingent to military developments in the country's war against Russia, the country's economy minister told the media in an interview.   Yulia Svyrydenko, first vice prime minister, said...

According to a Reuters poll, the latest recovery in European shares is set to stop and not reclaim end-of-year levels for more than a year, surmounted by concerns of an energy supply scarcity, slowing growth, and very high inflation.   The median forecast from an August 9-23 poll...

The German Economics Ministry does not believe that the aid package for the energy company Uniper has to be strengthened, according to Beate Baron, the ministry’s spokesperson. When asked if the ministry saw the need to increase help in light of the overall tense situation in the energy industry,...

According to Reuters, which cited an anonymous official of Joe Biden administration, the United States will unveil a new $3 billion military aid package for Ukraine on Wednesday, August 24. This will be the largest tranche for Kiev in six months. The aid program is expeted to arrive on August 24,...