The European Central Bank warned on Tuesday that the collapsing commercial real estate market in the euro zone would struggle for years, endangering the banks and investors that financed it.   An ECB report on risks to financial stability highlighted growing anxiety over a real estate bubble...

China's imports of Russian coal dropped to their lowest level since February in October, according to data cited by Reuters from the People's Republic of China's General Administration of Customs.China's imports of Russian coal dropped to their lowest level since February in October, according to...

European Central Bank (ECB) President Christine Lagarde stated that in order to draw enough money to the region's economy to address its difficulties, the European Union needs a version of the U.S. Securities and Exchange Commission (SEC) as well as a unified capital market. Lagarde claims that...

International businesses are swarming China's debt markets, where they are taking advantage of historically low yuan interest rates to offset rising funding costs by issuing record numbers of bonds denominated in yuan and borrowing large sums from mainland banks.   Panda and dim sum bonds,...

According to European Central Bank President Christine Lagarde, decarbonization, demographic shifts, and deglobalization are all impending and Europe is currently at a pivotal point in its history.   “There are increasing signs that the global economy is fragmenting into competing blocs,”...

According to the chief investment officer of UBS Wealth Management, growth in China may be lower but "of probably better quality" in 2024, while the US economy will slow down in 2024 but not to negative levels. Growth in Europe will also continue to be sluggish. UBS's baseline scenario for 2024...

Despite a slew of new export restrictions meant to impede developments in the nation's semiconductor industry, a report on Tuesday claimed that Chinese companies are purchasing American chipmaking equipment in order to produce cutting-edge semiconductors.   The Biden administration's October...

Though concerns about whether final growth data, which are expected early next year, will show a plus or minus sign in front, are ignoring the wider picture, it appears that the euro zone is in the midst of another recession.   The good news is that a severe contraction that could leave...

According to data from the US Labor Department, consumer prices (CPI) increased 3.2% in October 2023 compared to the same month the previous year. Inflation decreased from 3.7% in September. According to Trading Economics, the consensus estimate called for a slowdown to 3.3%.   After...