One of the biggest producers of food and beverages in the world, Nestle SA, said that its sales increased 9.1% year over year to 45.58 billion Swiss francs ($47.4 billion) in the first half of the year. According to the press release, organic sales increase was 8.1 percent. While this was...

According to White House economic adviser Brian Deese, the U.S. administration would not extend its six-month limit on commodity interventions in the oil market. U.S. authorities declared in late March that they would be releasing one million barrels a day for six months from the strategic reserve...

Singapore's core consumer price index climbed at its fastest rate in more than 13 years, according to official statistics released on Monday, putting greater pressure on the central bank to consider tightening monetary policy again later this year if inflationary pressures persist.  ...

According to a central bank official of China with direct knowledge of the situation, China will form a real estate fund to assist property developers in resolving a crushing debt crisis, with a war chest of up to 300 billion yuan ($44 billion) in an effort to restore confidence in the...

Top Western energy corporations are likely to payout billions to shareholders when they report their second-straight quarter of record profits, boosted by excellent refining margins and high oil and gas prices.   After a two-year depression, firms such as Exxon Mobil and Shell's profits have...

The Federal Reserve of the United States will choose for another 75 basis point rate hike rather than a greater move at its meeting next week to combat stubbornly high inflation, according to a Reuters poll of analysts, as the likelihood of a recession over the next year rises to 40%.  ...

The Asian Development Bank (ADB) downgraded its forecast for this year's GDP growth in Asia, particularly China. ADB expected that the Chinese economy would expand by 5% in 2022, but the forecast has since been lowered to 4%. According to ADB, this year's growth for the entire Asian economy would...

The second half of 2022 and 2023 will have lower oil prices, according to Goldman Sachs. According to a memo from the bank's experts, Goldman Sachs has modified its prediction for oil prices in the second half of 2022 and in 2023. Goldman Sachs estimates that in the worst-case scenario, the fair...

On Friday, the CNY dropped to a two-year low versus the US dollar, and is expected to close with the biggest drop since May this week. The Q2 GDP figures, which came in far below expectations and placed doubt on China's economy's capacity to meet its growth target, was the cause of the decrease....