There is likely not going to be any major slowdown in the global economy because of the novel coronavirus pandemic but the chance of oil market’s recovery is clouded by the  piled-up storage and uncertainty over China’s oil demand, believes the International Energy Agency (IEA) as stated by an...

With the United States looking to reduce its economic reliance on China and to shift away global supply chains from China, the US along with Taiwan are looking out for "like-minded" democracies to join the effort of the shift of supply chains whose vulnerability due to placement in China was...

The European Central Bank cannot ignore climate risks even though it may appear to be “unrelated to monetary policy”. Isabel Schnabel, a board member of the European Central Bank, said that the COVID-19 pandemic is clear example indicating the need for the central banks to come forward and take up...

China is preparing to purchase a record-breaking batch of American oil. As of September, Chinese companies have chartered 19 tankers with a total capacity of 37 million barrels for deliveries from the United States, Bloomberg reports. As a result, China will account for between a third and a half...

The largest European economy an “austerity champion” is likely to become “one of the biggest spenders” to join in the zone’s effort of rebounding from the pandemic. The government of Germany has decided to increase its growth forecast figures for 2020 in a revised version whereby showing a “decline...

An increase in bad debt and higher loan-loss provisions because of the novel coronavirus pandemic will potentially result in some of China’s largest banks to post their first decline in first-half profits since the global financial crisis, according to official data from China.    The...

Expectations of a sharp revival of the economy were boosted in the United States with a more than expected consumer spending in the country in July. Analysts however say that the new found momentum in the economy could be lost because of the lingering novel coronavirus pandemic and the stimulus...

With slow improvement of demand around the globe, the Japanese government upgraded its view on exports and output for the month of August which is a second straight month of such an upgrade. Authorities have however cautioned that global and national economic conditions are still severe because of...

Profits for large industrial enterprises in China for the first seven months of 2020 were 3.1 trillion yuan (about $ 450.26 billion), down 8.1% from the same period in 2019, data from the State Statistics Office showed Monday. Revenues for Chinese extractive industries declined 41.6% over the...