US President Joe Biden's administration has become more active in exploring the creation of a digital dollar amid China's plans for a digital yuan, sources familiar with the situation told Bloomberg. The People's Bank (Central Bank) of China said in early April that it was testing the possibility...

There has been a rise in the cost of domestic and alternative foreign supplies of coal for both thermal and coking grades of the fuel in China since the country had unofficially banned importing of coal from Australia.   The ongoing political clash between China and Australia is a reason...

Japan and the US have agreed to ensure the continued supply of semiconductors amid a global shortage that is affecting primarily automotive production. The agreement was reached on Thursday following a telephone conversation between Japanese Minister of Economy, Trade and Industry Hiroshi Kajiyama...

According to the International Monetary Fund (IMF), the economy of the United States as well as that of the world will be boosted by the US President Joe Biden's $1.9 trillion Covid-19 stimulus package.   The IMF however also warned that the Covid-19 pandemic is still lingering in many...

The US may expect an economic boom after the end of the pandemic, says Jamie Dimon, head of JPMorgan Chase. He said this in his annual letter to shareholders published on the company's website. "I have little doubt that with excess savings, funds from the new stimulus, huge deficit spending,...

Available data from digital currency manager Coinshares showed this week that during the first quarter of the current year, there was a record inflow of money into funds dealing in crypto currencies and other related products at $4.5 billion.   According to analysts, this is clear indication...

On 5 April, the S&P 500 and Dow Jones US stock indices hit new all-time highs, with the S&P 500 up 1.4% to 4,077 points and the Dow Jones up 1.2% to 33,559 points. Another index, NASDAQ, also rose 1.4% to 13,664 points. The indices growth was caused by several economic reports with good results for...

The plans of the Bank of Japan to launch its own digital currency was kick started on Monday with the central bank starting to hold experiments to examine and understand whether it would be feasible to issue such crypto currencies.   With this move the Bank of Japan joins the ranks of other...

China was lending to developing countries on secret terms that put other lenders at a disadvantage and gave China an advantage. The Financial Times reports this, citing an expert report. Such an approach threatens to undermine efforts to reduce the debt of low-income nations, experts say. The...