The macroeconomic outlook is rapidly deteriorating, putting the US economy in jeopardy with the Federal Reserve tightening its monetary policy with the aim of keeping rising inflation in check, said to Bank of America (BofA) strategists in a weekly research note to clients....

Hong Kong's long-term foreign currency Issuer Default Rating (IDR) has been affirmed at "AA-" by international rating agency Fitch Ratings, with a stable outlook. Large financial reserves, strong external finance, and a high per capita income strengthen Hong Kong's ratings, according to the agency....

Consumer prices in Mexico climbed 7.45 percent in the year to March, the highest level since early 2001 and more than double the central bank's target, according to data released on Thursday by the INEGI national statistics office, implying that more interest rate hikes are expected.  ...

Germany's seasonally adjusted industrial output rose 0.2% in February compared to the previous month after a 1.4% growth in January (the figure was revised from 2.7% earlier), according to the country's Ministry of Economics and Technology. Analysts polled by DailyFX expected industrial production...

Oil futures climbed on Wednesday, reversing early losses, as the potential of fresh penalties against Russia stoked supply concerns, contrasting concerns about weaker demand as a result of a rise in US oil stockpiles and Shanghai's extended lockdown.   Brent oil futures were trading at...

According to a private sector survey released on Wednesday, activity in China's services industry dropped at the fastest rate in two years in March, as a surge in coronavirus cases hindered mobility and weighed on demand.   In March, the Caixin services Purchasing Managers' Index (PMI) fell...

Volkswagen Group to reduce its lineup of gasoline and diesel cars. Volkswagen Group will focus on luxury cars as part of its plan, according to the Financial Times, citing the company's CFO Arno Antlitz. "By the end of the decade, Volkswagen will phase out a dozen models with internal combustion...

This strange and chaotic market is showing symptoms of slowing down a year after a single non-fungible token sold for $69.3 million in crypto at Christie's auction house, with the buyer paying to be recorded on blockchain as the owner of a digital file that anybody can access online for free....

The fallout from the Russia-Ukraine conflict has just pushed two of the world's poorest countries into full-fledged crises, and the list of those at risk - and the line at the IMF's door - will only grow longer from here.   They may be far removed from the war in Ukraine, but the mass...