China's GDP showed a record 18.3% year-on-year growth in the first quarter, but the quarterly trend was worse than expected - the indicator improved by only 0.6%. China's economy grew by a record 18.3% year-on-year in the first quarter of this year, according to data from the country's National...

The aluminum price jumped to the highest level in almost three years amid Chinese trade data, which eased concerns about demand prospects, trade data shows. The price of a tonne of aluminium with delivery in three months on the London Metal Exchange (LME) rose 1.37% to $2,293 on Tuesday, jumping to...

The US Federal Reserve (Fed) will reduce asset purchases in the market as macro indicators improve, which is likely to happen well in advance of a decision to raise interest rates, Fed Chief Jerome Powell said during his speech. The Fed expectedly kept the benchmark interest rate at 0-0.25% per...

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...