Economics

Prices of vehicles in the United States have gone through the roof because of shortages in the supply of vehicles compounded by continued high demand which is consequently expected to

Emergence of the omicron coronavirus strain in the past few weeks has pushed the number of infections in the US to record highs, disrupting holiday travel plans as well as…

The South Korean authorities will release 3.17 million barrels from the state's oil reserves from next month to help stabilise fuel prices, KBS television reported, citing a government decision.

Nureddin Nebati, Turkey's Treasury and Finance Minister, has proposed new restrictions governing Turkish lira deposits indexed in foreign currencies, in order to protect the country's citizens from exchange rate volatility.

China’s lending benchmark credit prime rate (LPR) was slashed for the very first time in 20 months on Monday, in an effort to boost development in the stagnating economy. However,

Saudi Arabia may lose credibility if it continues to alter the goal posts in terms of the amount of foreign investment it needs to realise its vision of a future

Since the outbreak of the pandemic, DIY investing has exploded. This has caused traditional asset managers and banks in Britain to scramble to build or buy online platforms that allow

US sportswear manufacturer Nike has acquired virtual sneakers and collectibles maker RTFKT, according to a company press release.

A research published recently indicated that billionaires’ proportion of family wealth increased by a record amount during the epidemic, with millionaires also benefiting from Covid-19. According to the World Inequality

International rating agency Fitch Ratings downgraded its global GDP growth forecast for the year to 5.7% from the 6% forecast in September, the agency said in its December global economic…

Despite the rapid development of renewable energy sources, oil and gas will remain the world's primary sources of energy until 2045, with their proportion of the global energy mix remaining…

Japan's GDP in the third quarter of 2021, according to the final estimate, fell by 3.6% year-on-year (if GDP had been falling at the same rate for four consecutive quarters),…

Following the development of the omicron coronavirus strain, investors have begun fleeing from shares in Asian companies. According to Bloomberg, the region was severely impacted by the last delta strain,…

The global economic growth projections made by the International Monetary Fund would likely be reduced due to the emergence of the Omicron variant of the coronavirus, according to IMF Managing

November appears to have been the worst month for global hedge fund performance since the novel coronavirus initially shut down economies at the outset of the Covid-19 epidemic, thanks to

According to analysts and strategists surveyed by Reuters, the S&P 500 index would climb 7.5 percent from the beginning of December this year to the end of 2022, bringing it…

The US economy grew at a moderate pace in most counties in October and November, but growth was held back by supply chain disruptions, according to the Beige Book, a…

Global air cargo volume grew by 9.4% in October 2021 compared to the same period in 2019, the International Air Transport Association (IATA) said in a press release.

JPMorgan analysts predict that the spread of the omicron strain will not stop the rally in stock exchanges. They believe vaccines and new coronavirus drugs will help cope with it.

US Federal Reserve Chair Jerome Powell has said that central bankers of the country would consider the ending their asset purchases a few months earlier than expected in their scheduled

After the World Health Organization declared the Omicron Covid-19 variant held a very high risk of infection increases, rating agencies Fitch Ratings and Moody’s Investors Service cautioned that the variety

Talks between the US and Iran on a return to the terms of the nuclear deal have resumed in Vienna. Iran considers a prerequisite for the resumption of the deal…

Asian crude refiner’s margins plummeted to their lowest levels in almost five months, amid concerns about this Omicron coronavirus variant could cause another setback to the oil demand growth, already

Capital Economics: Independent macro researchhttps://www.Asia is still the only area that hasn't witnessed a significant increase in inflation.

The new coronavirus strain that was very recently identified in South Africa has force the World Trade Organization (WTO) to postpone its meeting of its ministerial committee for the first

In a shift in the two largest emerging markets, investors with billions of dollars in their portfolios are gradually beginning to favour China over India and reverse the trend of

Global stock markets have plummeted following the discovery of a new Covid strain prompted concerns about the economy’s recovery. The FTSE 100 index in London fell over 3%, while markets

In a long-anticipated law, India is prepared to move through with its aim to prohibit most cryptocurrencies in the nation. In recent months, there has been growing speculation that the

Even as a long going dispute over maintaining similar audit standards for Chinese companies continues between the United States and China, reports quoting a Chinese regulatory official claim that authorities

A global shortage of nitrogen fertilizers and record-high prices are forcing US corn, canola and wheat farmers to delay purchases. This threatens to reduce harvests for North American countries.

After OPEC+ producers repeatedly disregarded demands for extra petroleum, US President Joe Biden’s administration stated on Tuesday that it will release millions of barrels of oil from strategic reserves in

Wall Street banks are preparing for a prolonged period of higher inflation by conducting internal health checks, checking whether clients in vulnerable industries can repay loans, developing hedging measures, and

With the relaxation of the restrictions imposed by authorities to prevent the spread of Covid-19, there was an acceleration of output which pushed the pace of growth of factory activity

A return of coronavirus infections in Europe is raising concerns that the region’s successful economic recovery from the epidemic might be threatened by another harsh winter. So far, the new

Barclays Bank has raised its forecast for average oil prices for the next 2022 to $77 and $80 a barrel for WTI and Brent, respectively, Reuters reports.

In response to a request from the United States, Japanese Prime Minister Fumio Kishida has officially announced the decision to open up a portion of the country's national oil reserve.

Japanese authorities will adopt a $692.1 billion package to support sectors and populations most affected by the COVID-19 pandemic.

The high volatility in the crypto market on Tuesday continued to impact the cart on Wednesday. In Asia, except for stablecoins that are pegged against the dollar, the value of

A new study recently found that net worth globally has increased from $156 trillion in 2000 to $514 trillion in 2020. And almost one third of that rise was seen

Oil production in the main US oil and gas producing areas, a large part of which is shale oil, will rise by 85,000 barrels per day, or 1%, to 8.316…

Japan's GDP for July-September this year is forecast by the government to be minus 3% year-on-year.

Many businesses and factories in China have been forced to shut down or transfer to a two-day work week, resulting in lower output quantities. As The New York Times points…

Saudi Arabia's state-owned oil and gas company Saudi Aramco has raised its November selling prices for oil for Asia, the US and Europe, Bloomberg reported, citing pricing documents.

After OPEC members disregarded Washington's efforts to raise supply, US Energy Secretary Jennifer Granholm said, the US is looking into other methods to lower fuel costs. Commodity interventions are one…

Following the rejection of appeals by the United States for producing more oil by OPEC and its allies, the US President Joe Biden said on Saturday that the country has

Despite a slowdown, the growth of Chinese exports for the month of October was reported to be above the expectations of analysts. This growth was driven by continued strong global

There was likely a slight fall in China’s export growth in October, according to a Reuters poll released on Friday, but still was strong enough because of sustained global demand,

According to a survey of economists conducted by Reuters, there was a decline in Japan’s economy in the third quarter as Covid-19 infection controls and supply shortages weighed on consumption

The US Federal Reserve (Fed) announced at its November meeting that it had begun winding down its stimulus programme for asset purchases - the reduction is expected to amount to…

The October, the services sector activity in Japan increased – a first for it in 21 months, with a spike in consumer morale after the subsidence of the coronavirus pandemic,