However, the World Trade Organization secretariat reported that the second quarter's goods trade was better than in the first three months. Although commerce in products improved in the second quarter compared to the prior three months, sustained global economic growth in the third quarter of this...

In order to lessen their reliance on changes in the dollar exchange rate, the president of Brazil called on the BRICS countries to establish a single currency for trade and investment.   The suggestion was presented at a BRICS conference in Johannesburg by Luiz Inacio Lula da Silva.  ...

As a result of some of the top producers of the battery material in the world as well as other interested parties vying for supplies, emerging Australian lithium companies are seeing an increase in buyouts.   Companies like Albemarle Corp, the world's largest lithium producer, have been...

The financial health of US lenders would likely be put to the test by rising funding costs and issues in the commercial real estate sector, according to S&P Global, which reduced its credit ratings and outlook on a number of U.S. regional banks in line with Moody's.   The U.S....

As part of increased efforts to boost credit demand, China lowered its benchmark lending rate for one year on Monday. However, markets were taken aback when China kept the rate for five years unchanged despite broader worries about a swiftly depreciating yuan.   Due to a deteriorating real...

According to the Financial Times, which cites unnamed sources, BRICS presidents may debate the possibility of conducting trade transactions with one another in national currencies. The meeting may concentrate on reaching a consensus that BRICS members should increasingly undertake trade...

Since the 2008 financial crisis, the yields on government bonds have increased to their highest levels in 15 years, writes Bloomberg. Government bond yields have increased to a 15-year high since the 2008 financial crisis, according to Bloomberg citing its own figures. The yield on 30-year U.S....

In an effort to stop the yuan's depreciation, China's big state-owned banks were reportedly busy this week selling U.S. dollars to buy yuan in both onshore and offshore spot foreign exchange markets.   State banks frequently act at the direction of the central bank when the yuan is under...

A year ago, a sizable portion of the U.S. believed the nation was in, or would soon enter, a recession. You can blame this belief on the disconnect between economic theory and reality, forecaster herd mentality, or political partisanship on the side of the Biden administration's detractors.  ...