After a sharp and broad drawdown on Tuesday due to concerns over the stability of the exchange FTX, a rush of withdrawals, and ultimately a bailout deal from bigger rival Binance, cryptocurrencies were jittery and searching for a floor on Wednesday.   The largest cryptocurrency by market...

Despite analysts' expectations for a 4% gain, Chinese exports actually decreased by 0.3% in October. According to data from China's General Administration of Customs, the South China Morning Post reported that China's exports decreased by 0.3% year over year to $298.37 billion in October. China's...

According to a report in the Telegraph, British Prime Minister Rishi Sunak is prepared to make a significant natural gas announcement with the United States following the COP27 climate change summit.   The report stated that negotiations for the deal are nearing their conclusion and that an...

The first concurrent decline in China's exports and imports since May 2020 occurred in October as a result of an unfavorable confluence of domestic COVID restrictions and risks associated with a potential global recession, which further dimmed the outlook for the country's already precarious...

On Saturday, the Japanese government issued a warning about new electric vehicle tax credits in the United States, saying they might ultimately discourage further Japanese investment there and hurt employment in the largest economy in the world.   The government expressed a number of...

The Federal Reserve could switch to smaller interest rate increases starting in December if the labor market conditions loosen up as indicated by the fact that American employers probably hired the fewest workers in almost two years in October and increased wages at a moderate pace.   It is...

The Group of Seven wealthy nations and Australia have decided against adopting a floating rate when they finalize a price cap on Russian oil later this month, sources said on Thursday.   In order to prevent the EU and U.S. sanctions intended to restrict Moscow's ability to finance its...

The Bank of England increased interest rates on Thursday from 2.25% to 3%, the highest rate increase since 1989, as it issued a warning about the "very challenging" economic outlook.   The central bank predicts that during the current quarter, inflation will reach a 40-year high of...

According to governor Tiff Macklem of the Bank of Canada, the idea of a further significant increase in interest rates to combat exceptionally high inflation has not been ruled out. He claimed that although rate increases are causing the Canadian economy to slow down, demand is still too high....