For the first time in over three years, headline inflation in the United Kingdom reached the Bank of England's objective of 2% on Wednesday morning.   However, the report did little more than bolster traders' doubts about the imminence of an interest rate decrease.   After registering...

Indian Prime Minister Narendra Modi has been talking boldly about turning India into a developed nation by 2047 for the past two years.   Now, all eyes will be on Modi and his coalition with the Bharatiya Janata Party to see if they can maintain the economic momentum and continue to enhance...

In accordance with market predictions, China kept benchmark lending rates constant at a monthly fixing on Thursday.   Even while there has been a surge in recent data indicating that further support is required to stabilise an uneven economic recovery, the consistent monthly LPR fixes...

The state-run Global Times newspaper reported on Wednesday that Chinese automakers have pushed Beijing to increase taxes on imported European gasoline-powered automobiles as retaliation for Brussels' move to impose restrictions on Chinese electric vehicle exports.   The article stated that...

Fed policymakers, encouraged by recent statistics, are carefully moving towards what most anticipate would be one or more interest rate cuts by the end of this year. They are waiting for more evidence that inflation is slowing down as well as any red flags from a robust labour market.   Fed...

In an exclusive interview with CNBC, a Chinese official said that Europe's investigation of Chinese electric cars was extremely selective, to the point where the findings are not reliable.   Last week, the European Commission declared that, beginning of July 4, imports of Chinese electric...

For the first time in over two years, the primary stock market in the UK reclaimed its position as the most valued in Europe, according to statistics. According to Bloomberg statistics, the overall value of firms listed on the London Stock Exchange (LSE) surpassed the $3.13tn total value of...

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...