In a surprising move, the Bank of Japan (BOJ) raised interest rates on Wednesday and outlined a comprehensive plan to reduce its large-scale bond purchasing program. This decision marks a significant shift towards unwinding a decade of substantial monetary stimulus.   The BOJ increased its...

Sales of liquefied natural gas-powered heavy-duty vehicles in China increased from less than 10% to 30% of the market in the last few months of 2023. In a research titled "The threat to diesel from LNG trucking in China," Wood Mackenzie analysts stated that more than 8% of the diesel demand in the...

Companies around the world are revising their full-year sales and profit forecasts downward, impacted by rising interest rates and economic weakness in China. This adjustment has dampened the outlook for earnings growth this quarter.   Several prominent companies, including McDonald’s,...

The largest economy in the euro zone, Germany, continued to suffer as the economy unexpectedly shrank in the second quarter after avoiding a recession at the start of the year and July's inflation increased.   In comparison to the preceding three-month period, Germany's gross domestic...

Futures prices for cocoa dropped to levels not seen in over four months due to anticipation of lower demand and more supply. According to Bloomberg, the price of the most commonly traded cocoa bean futures contract in New York dropped by 4.4% to $6,650 per ton on Monday. Though demand for the raw...

Mainland China's economy received 29.1% less foreign direct investment (FDI) in January–June compared to the same period previous year. The value was 498.91 billion yuan ($68.7 billion), as reported by the Ministry of Commerce of the nation. High-tech manufacturing accounted for about 12.8% of...

According to insiders and commentators, the Bank of Japan is paving the way for a period of consistent interest rate increases by declaring success in its protracted war against deflation. This comprehensive reassessment of previous policies acknowledges notable changes in consumer behaviour....

At its two-day policy meeting this week, the Federal Reserve is anticipated to keep interest rates unchanged while noting that inflation has started to approach the 2% objective set by the American central bank. This might lead to a reduction in interest rates as early as September.   Prior...

In his most recent attempt to lure cryptocurrency supporters—which Beijing has banned and which he previously called a "scam"—Republican presidential candidate Donald Trump stated at a bitcoin conference on Saturday that the United States must lead the industry or China would.   Speaking at...