South Korean company Samsung SDI and European automaker Stellantis NV will invest over $3.2 billion to build the second joint venture for battery production in the US. The new plant will be situated near Kokomo, Indiana, where the firms are already constructing their first facility, according to a...

Wednesday saw a little increase in oil prices as traders pondered the possibility of supply disruptions brought on by the unrest in the Middle East.   By 0550 GMT, Brent crude had risen 25 cents, or 0.3%, to $87.90 per barrel. WTI crude for the United States increased by 24 cents, or 0.3%,...

China has saved this year roughly $10 billion through record imports of oil from nations subject to Western sanctions, said a Reuters report based on calculations by Reuters based on information from dealers and shiptrackers.   The United States and others' sanctions against Russia, Iran,...

The world's growing geopolitical dangers could cause stagflation on a scale not seen since the 1970s and drastic shifts in inflation expectations, according to Deutsche Bank analysts Henry Allen and Cassidy Ainsworth-Grace. All seven G7 nations continue to have above-target inflation; the question...

According to the Financial Times, which cites the regulator's study, the management of the Bank of England suggests increasing the requirements for the share of highly liquid assets in the structure of money market funds in order to lower sector risks. Funds might have to retain between 50 and 60...

The price of gold started to grow following a seven-month low set last week due to the Israel's war with Hamas. According to Bloomberg, gold prices have started to rise again after falling to a seven-month low last week as tensions between Israel and the Palestinian Hamas movement grew. Gold is...

According to data from the Chinese Ministry of Culture and Tourism, domestic tourism spending by Chinese citizens over the Golden Week holidays in 2023 increased but showed results worse than expected. The holiday week's tourism revenue came to 753.4 billion yuan ($103.28 billion), more than twice...

Venezuela and the United States have made headway in talks that might provide sanctions relief to Caracas by permitting at least one extra foreign oil firm to take Venezuelan crude oil for debt settlement if President Nicolas Maduro resumes talks with the opposition in Mexico, according to a...

Following a catastrophic weekend attack by the Palestinian Islamist group Hamas, global corporations have temporarily closed some businesses in Israel and urged workers to work from home.   Companies ranging from airlines to banks have taken the following steps:   TRAVEL  ...