The biggest producer of platinum, Anglo American Platinum (Amplats), stated in a presentation that it anticipates a drop in platinum production to 3-3.4 million ounces in 2025–2026. Over the coming years, Amplats expects that platinum will continue to be slightly in short supply due to the solid...

Five-year loan rates were reduced from 4.2% to 3.95%. The People's Bank of China (PBOC), the nation's central bank maintained the benchmark one-year loan rate (LPR) at 3.45% annually, the lowest level in recorded history. Five-year loan rates were reduced from 4.2% to 3.95%. The rate was lowered...

The French government's estimate for GDP growth in 2024 was dropped to 1% from 1.4%, according to French Finance Minister Bruno Le Maire, as the economic picture was clouded by the conflict in Gaza and Ukraine as well as a slowdown in major trading partners China and Germany. He added that...

According to official data, China's tourism earnings for the Lunar New Year holidays ending on Saturday exceeded 2019 levels and increased by 47.3% year over year due to a surge in internal travel during an extended break.   The second-largest economy in the world has been dealing with...

The escalation in the Red Sea has resulted in a 10-15 day increase in delivery times from Asia to Europe, according to European Commissioner for Economic Affairs Paolo Gentiloni. Transport expenses have increased by 400%. "Due to the redirection of shipments from the Red Sea, delivery times between...

According to a US Department of Labour data released on Friday, wholesale prices in the US increased more than anticipated in January, further clouding the picture of inflation. The largest increase since August was recorded by the producer price index, which tracks the prices paid to domestic...

While rolling over medium-term loans that were about to mature, China's central bank kept a key policy rate steady on Sunday as was predicted. Beijing's monetary policy options are limited by the Federal Reserve's unclear future. Beijing is maintaining economic support at a time when indications...

Despite the economy entering a recession, the Bank of Japan is expected to remove negative interest rates in the next months, according to reports quoting information from people familiar with its plans. However, because of the country's poor demand, they may wait to take action until they have...

With consumers resuming their spending habits in January, British retail sales surged at their fastest rate in over three years, indicating that the economy may rebound swiftly from the recession that it entered in the latter part of last year. Sales volumes rose 3.4% from December,...