Despite the fact that Russia has spent the previous seven years reinforcing its financial defences, its economy is unlikely to be able to withstand the Western sanctions in the long run.   Following President Vladimir Putin's decision to recognise the independence of two Ukrainian regions,...

In an attempt to curb the rise in energy prices, the U.S. intends to conduct commodity interventions at the expense of the strategic reserve of oil. The country is now negotiating similar measures with other major global consumers, U.S. President Joe Biden said. In a speech on the situation in...

U.S. GDP rose 6.9 percent year-over-year last quarter and according to the second estimate (if GDP had grown at the same rate for four consecutive quarters), according to analysts polled by Daily FX. The release will be issued by the U.S. Commerce Department's Bureau of Economic Analysis on...

According to trading statistics, global oil prices advanced to 5% on Thursday, with April Brent futures topping $102 a barrel for the first time since September 5, 2014, and May futures quotes around $98 a barrel. Brent crude oil futures increased 4.7 percent to $101.4 a barrel in April, after...

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...