Last news

Chile to Raise Interest Rate to Decade High

Chile to Raise Interest Rate to Decade High

279
Economy news
27.01.2022

Chile’s central bank plans to raise its benchmark interest rate to 5.25%, a level not seen in a decade. Analysts expect this to come in the form of a third consecutive interest rate hike of 125 basis points. With all eyes on the US Fed and t...

Bitcoin Slumps Again

Bitcoin Slumps Again

296
Cryptocurrency news
25.01.2022

The price of Bitcoin fell to below $33,500 in Monday’s trading as cryptocurrencies continued to take a hammering. Crypto has kept falling in tandem with US stocks since the turn of the year, albeit to varying degrees, as investors weigh up t...

Turkey to See Massive Inflation Rise

Turkey to See Massive Inflation Rise

308
FOREX news
24.01.2022

Turkey’s finance ministry announced in a meeting with economists that it expects inflation to reach highs of 40% during 2022. The country’s inflation rate touched 36.1% in December 2021 and is not expected to go below that level at any...

Russia Proposes Ban on Crypto

Russia Proposes Ban on Crypto

311
Cryptocurrency news
21.01.2022

Russia's central bank has proposed a ban on the use and mining of cryptocurrencies on its soil. Citing the speculative demand that drives much of crypto’s gains as a dangerous threat, the central bank wants to crack down on almost all crypt...

Oil Prices Remain High on Supply Concerns

Oil Prices Remain High on Supply Concerns

304
Commodities news
20.01.2022

Responding to lingering concerns over supply, oil prices responded to strong short-term demand by trading at highs last seen in 2014. After last week’s trading, Brent crude futures reached $89.17 a barrel, its highest level since October 201...

China Calls on Major Central Banks to Hold Interest Rates

China Calls on Major Central Banks to Hold Interest Rates

307
Economy news
19.01.2022

Chinese President Xi Jinping appealed directly to major central bank bosses to resist increasing interest rates to ensure global financial stability. Speaking this week at a World Economic Forum event, China’s leader asked major world econom...

Argentina Peso Predicted to Fall in Value

Argentina Peso Predicted to Fall in Value

341
FOREX news
10.01.2022

Currency analysts are predicting a tough 2022 for Argentina, Latin America’s third largest economy. The Argentinian Peso is currently trading at 103.29 Pesos to the US Dollar, but is expected to tumble in the coming months, hitting a rate of ar...

Copper Prices Weak on Dollar Strength

Copper Prices Weak on Dollar Strength

333
Commodities news
07.01.2022

Copper prices climbed at the end of the week’s trading, in keeping with a bounce from global equities. However, the commodity was still on a downward trend overall. The US Dollar’s rising strength, plus the growing anticipation of a pr...

Stocks Slip As Federal Reserve Confirms Stimulus Cutback

Stocks Slip As Federal Reserve Confirms Stimulus Cutback

2259
Economy news
06.01.2022

US stocks dipped at the end of Wednesday's trading as meeting minutes from the last Federal Reserve sit down confirmed the extent to which the American central bank wants to reduce stimulus. The Dow closed the session down 1.1% while the S&...

Oil Price Consolidates Despite Lingering Omicron Fears

Oil Price Consolidates Despite Lingering Omicron Fears

322
Commodities news
05.01.2022

Oil prices rallied on Wednesday as investors monitored the rising number of cases of the Omicron COVID-19 variant. Although there is mounting evidence that Omicron produces milder symptoms, it is still highly transmissible. Spiraling case numbers in...

Emerging Markets Set to Play Key Role in New Year

Emerging Markets Set to Play Key Role in New Year

324
Economy news
03.01.2022

Emerging markets suffered a torrid year in 2021. Now, facing a new year with looming higher interest rates, stuttering growth in China, and the lingering Coronavirus pandemic, emerging markets face the future with more questions than answers. Anal...

Recovery of Crypto Miners Makes Industry More Secure In 2022

Recovery of Crypto Miners Makes Industry More Secure In 2022

343
Cryptocurrency news
03.01.2022

In May 2021, China started cracking down on crypto mining to protect its power supply and use it for manufacturing. By mid-2021, Bitcoin’s hashrate, which measures the total computational power contributing to the blockchain network, fell mo...

Climate Pledges Affecting Iron Ore Prices in China

Climate Pledges Affecting Iron Ore Prices in China

344
Commodities news
31.12.2021

China’s efforts to reduce its climate footprint resulted in a 12% drop in Asian Benchmark iron ore prices on the Dalian Commodity Exchange for 2021. Full-year iron ore futures prices declined for the first time in three years, after prices r...

Asian Markets End the Year Mixed

Asian Markets End the Year Mixed

338
Stocks news
30.12.2021

Asian stock markets showed mixed performance in trading from the last week of the year. With Omicron still looming over many countries, investors were listless. Although the Omicron variant is proving to be less deadly than previous strains, recor...

Dollar Responds Well to Fed Plans

Dollar Responds Well to Fed Plans

341
FOREX news
29.12.2021

The US Dollar showed strong gains in Tuesday’s trading on expectations the Fed would raise interest rates in the first quarter of 2022 to counter high inflation. The Dollar index, which measures the greenback against six peer currencies, was...