The economic growth of China staged a major turnaround in 2021, with the highest rate of growth in a decade which was driven by strong exports. However, there were concerns about the slowing down of the momentum because of falling consumption and a housing slowdown which indicated that there is a...

The People's Bank of China lowered its key rate by 10 basis points. It did so shortly before the publication of the country's GDP data. China's central bank cut its key interest rate for the first time since April 2020. The decision was announced almost simultaneously with the publication of data...

European banks shares gained 10% in early January, growing nine days in a row. The start of 2022 was the best ever for European bank stocks, Bloomberg wrote. According to its information, securities of the banking industry rose more than others represented in the Stoxx Europe 600 stock index. The...

Investors on Wall Street remained skeptical of the prospect of growth of the banking sector even though the chiefs of the largest United States banks remained optimistic on the economic outlook on Friday as they noted a surge in some lending businesses as well as an increase in consumer spending....

Proposals to participate in India’s $2.4 billion battery project have been formulated and submitted to the Indian government by Indian conglomerate Reliance Industries, South Korean automaker Hyundai Motor Co, and manufacturer Mahindra & Mahindra, among others firms, according to reports citing...

There was a 5.4 per cent drop in China's annual crude oil imports in 2021 which was the lowest for the country since 2001. This was potential because of Beijing tightening controls on the refining sector to reduce excess local fuel production and refiner stockpiles.   Beijing started...

The largest annual rise in inflation in almost four decades occurred in December, in the United States as rental housing and used cars held onto their strong gains, resulting in inflation. This has bolstered expectations that the US Federal Reserve will begin...

US Federal Reserve Chairman Jerome Powell said that he was ready to start raising interest rates to avoid overheating the economy. However, he expressed optimism that supply-chain disruptions will be tapered off this year, slowing the rate of inflation. The central bank will use its tools "to...

Oil and gas investments globally will grow by 4% this year from 2021 to $628 billion, according to analysts at Rystad Energy. "Rystad Energy's analysis suggests that total gas and oil investment will grow by 4% this year, to $628 billion from $602 billion in 2021," Rystad writes. A significant...