The State Food and Strategic Reserves Bureau of the People's Republic of China for the first time auctioned off oil from the national reserves in order to reduce the price of raw materials for local refineries and the chemical industry. "This is the first time the bureau has organized the...

The Ministry of Finance of Mexico has submitted to the parliament a draft budget for next year, which forecasts GDP growth of 4.1%, while previously the authorities estimated it at 3.6%. "Public finance forecasts for 2022 use a GDP growth rate of 4.1%. The implied price of the Mexican export blend...

China's consumer price index (CPI) - a key indicator of inflation - rose by 0.8% year on year in August, which was slightly below expectations of analysts, according to data released Thursday by China's State Bureau of Statistics. Experts had forecast a 1.0% increase in the index at the level of...

Investing in China's economy is a mistake that can lead to the loss of money and damage the interests of democracies, said American billionaire George Soros. Investment company BlackRock is making a mistake by investing in the economy of China, wrote U.S. billionaire George Soros in a column for...

The price of aluminum rose to a 10-year high amid a coup in Guinea. The country is one of the world's largest suppliers of bauxite, a raw material for aluminum production. The aluminum price at the London Metal Exchange rose to a maximum for the last 10 years, reports Bloomberg. ...

A resurgence of Covid-19 infections resulted in a slowdown in new jobs created in the United States in August, primarily driven by lower recruitment in the leisure and hospitality sector which in turn also affected hiring in the restaurants and hotel industry.   However there was strength in...

Major U.S. stock exchanges rose Thursday after the release of statistics on the country and the NASDAQ and S&P 500 indices again reached their all-time highs, according to trading data. Investors paid attention to the fact that the number of initial jobless claims in the U.S. during the week ended...

A set of initiatives and programs focused on promotion of green technology and digitalisation was announced recently by Japan. These measures are a part of the government’s efforts for giving a boot to the economy for long term growth.   The outline of the project was a result of discussions...

A trial for the feasibility of the use of a cross border payments system using different central bank digital currencies (CBDC) will be conducted by central banks in Australia, Singapore, Malaysia and South Africa.   The central banks said that the aim of this trial is to assess whether this...