Given the strength of the US labor market, US Treasury Secretary Janet Yellen said on Monday that she sees a path to avoid a US recession, with inflation falling significantly and the economy remaining strong.   "You don't have a recession when you have 500,000 jobs and the lowest...

According to Catherine Mann, a member of the Bank's monetary policy committee, the Bank of England may increase its benchmark interest rate once more in the future in order to achieve its inflation target. Following its February meeting, the Bank of England increased its benchmark interest rate by...

The Federal Reserve Chair Jerome Powell sent a clear message: while it is "gratifying" that inflation has begun to slow, the central bank is far from reversing course or declaring victory.   "It's going to take some time" for disinflation to spread through the economy, Powell said in a news...

The US dollar fell on Thursday following the announcement of the US Federal Reserve that its fight against high inflation was coming to an end which raised hopes among market participants that the central bank's campaign of rate-hike to tame inflation was...

According to a forecast by Fitch Ratings, liquefied natural gas imports to the European Union might increase by about 30%, from 120 billion cubic meters in 2022 to 155 billion cubic meters in 2023. "In order to counterbalance Russia's rapidly diminishing gas supply, LNG will continue to play a...

At the forum at Singapore's Shangri-La hotel, graduate student Zayn Zhang agreed with other many wealthy Chinese people that Singapore would be the best place to keep his family's money.   His wife is out hunting for a S$5-7 million ($4-5 million) penthouse while he studies at an Asian...

According to Bloomberg, the European Union is thinking about restricting the cost of Russian diesel fuel at $100 a barrel. Additionally, it suggests capping the price of discounted oil products at $45 per barrel. The G7 plans to set two price caps for Russian oil products in order to account for...

According to sources cited by Reuters, the Equinor energy corporation of Norway has begun selling its 20.21% ownership of the Nigerian offshore oil field Agbami. Norwegian energy company Equinor "is selling its stake in an offshore oil field in Nigeria, following the departure of Western energy...

According to the UN assessment on the global economic condition and its forecasts for this year, the growth rate of the U.S. GDP will slow in 2023; this year, the figure will increase by 0.4% as opposed to 1.8% in 2022. The UN projects that after rising by around 1.8 percent in 2022, the United...