After Russian President Vladimir Putin launched a 'special military operation' in the eastern region of Ukraine on Thursday early morning, the price of Brent crude went past $100 a barrel, which is the highest for it in the last seven years. Later in the day,...

Russia has launched "special military operations" in Ukraine's Donbas area, as Russian President Vladimir Putin urged other regions of the nation not to meddle in the military operations or suffer repercussions.   Even while the military campaign was underway and the threat of a...

Global steel production in January stood at 155 million tonnes, down 6.1% year-on-year, according to World Steel Association (WSA) data. CIS countries, according to preliminary data, increased steel output by 2.1% to 9 million tonnes. EU countries produced 11.5 million tonnes of steel (down 6.8%),...

A hypothetical Russian invasion of Ukraine would have ramifications across a range of global markets, from wheat and oil prices to sovereign dollar bonds in the region, as well as safe-haven assets and stock markets.   Investors typically rush back to bonds, which are viewed as the...

The volume of global trade in 2021 increased by 25% from 2020 to around $28.5 trillion, according to UN Conference on Trade and Development (UNCTAD) report. "World trade reached a record level of about $28.5 trillion in 2021, up about 25 per cent from 2020 and about 13 per cent from pre-pandemic...

China wants to increase the use of local currencies for trade and investment and for this purpose Beijing plans to approach to work closely with its trading partners in Asia, said Yi Gang, the governor of the central bank of the country. This is a part of the strategy of China to further bolster...

According to a Reuters poll of economists, the US Federal Reserve will start tightening in March with a 25-basis-point rate hike, but an increasing number of people predict the Fed will go for a more aggressive half-point hike to combat inflation.   Inflation continues to grow around the...

Inflation in the United Kingdom was 5.5 per cent in January, slightly higher than projections and still at a 30-year high.   Consumer prices fell by 0.1 per cent on a monthly basis, slightly less than economists predicted in a Reuters poll. The yearly rate of growth was predicted to stay at...

Japan's GDP in the fourth quarter of 2021, according to a preliminary estimate, grew 5.4 percent year over year (if GDP had grown at the same rate for four consecutive quarters), government data show. Analysts polled by DailyFx expected growth of 5.8%. By the previous quarter, Japan's GDP had...