Wealthy Chinese are resuming their purchases of Hong Kong investment goods including insurance and high-yield time deposits as a way to protect their money from a potential decline in the country's economy and real estate market as well as a depreciating currency.   The trend started to show...

Currently the third-largest oil importer and consumer in the globe, India is expected to become the main driver of the world's oil demand in the second half of this decade, according to a statement released by the International Energy Agency (IEA) on Wednesday. India is expected to boost its oil...

The Bank of Japan decided to maintain the current key interest rate. According to a statement from the Japanese Central Bank, commercial banks' short-term interest rates on deposits continued to vary between 0% and 0.1% annually. Experts anticipated that the rate would not change. The Central...

The automotive company Stellantis will shift some of its production of electric vehicles from China to Europe in the event that more taxes are levied on Chinese-made automobile imports into the European Union. Stellantis CEO Carlos Tavares told investors during a meeting that the company is...

Numerous pro-trade American industry associations have requested an extension of one month for the Biden administration to provide feedback on their intentions to apply higher tariffs to Chinese imports of solar equipment, electric cars, batteries, and other items. This basically means that the...

It appears that the U.S. Federal Reserve has removed itself from the limelight of the presidential campaign, as new projections indicate that interest rate reduction are unlikely to occur until after Election Day.   The benchmark interest rate was left at 5.25%–5.50% on Wednesday by central...

On Thursday, U.S. Treasury Secretary Janet Yellen stated that slower pay growth is not a danger to drive up inflation and that the current state of employment in the country is beginning to resemble the labour market before the COVID-19 epidemic.   The job market has slightly cooled off and...

All but two of the 65 economists surveyed by Reuters predict that the Bank of England will begin reducing interest rates in August, and most of them anticipate at least one more decrease this year despite stubbornly strong inflation in wages and services.   In order to combat rising pricing...

The European Commission notified manufacturers that starting in July, it will levy additional taxes of up to 38.1% on Chinese electric vehicles imported into the country. China denounced this decision as protectionist, but the auto industry dismissed it as having little bearing.   In less...