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The Organization of the Petroleum Exporting Countries (OPEC) and its allies will continue with their existing policy of carefully managing oil output. Sunday’s announcement came at the same time as new Western sanctions on Russian crude exports became active.In October, ...

US consumer spending rose strongly in October while inflation settled, giving the economy a lift at the start of the fourth quarter as it squares up to headwinds from the Federal Reserve’s decisive monetary policy tightening. Meanwhile, the labor market ...

India has posted annual economic growth of 6.3% in its July-September quarter, less than half the 13.5% growth in the previous three months, as the economy takes its post-pandemic shape.GDP growth for the full fiscal year, which ends on March ...

China’s factory activity slid in November for a second consecutive month, underlining the economic toll of the country’s punitive “Zero COVID” policies that have sparked mass protests in the country.China’s Purchasing Managers’ Index (PMI) dropped to 48 compared with 49.2 ...

It is the type of development crypto insiders were hoping would not happen with crypto in so much trouble. Major cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection along with eight affiliates.It is the latest crypto casualty to ...

China’s main stock indices and its currency opened the trading week lower on Monday, after significant protests against the country’s harsh COVID-19 restrictions shook investors.The benchmark Shanghai Composite fell 2.2% in early trading. The Shenzhen Component, a tech index, dropped ...

The fall of crypto exchange FTX has led some people to wonder what it would take for the whole industry to collapse. The total market cap of cryptocurrencies is currently $820 billion. That is 70% below the peak of a ...

The fall of crypto exchange FTX has led some people to wonder what it would take for the whole industry to collapse. The total market cap of cryptocurrencies is currently $820 billion. That is 70% below the peak of a ...

Bitcoin briefly slid to its lowest level in two years this week after rumors that Genesis, the prominent digital-asset brokerage and lender, could be forced to file for bankruptcy if its ongoingcapital-raising efforts failed.The price of bitcointumbled to $15,615 on ...

Malaysia’s stock market and national currency wobbled after an election resulted in the country’s first ever hung parliament. Parties must now form a coalition before an administrative deadline that expires in a few days, and thereafter must deal with the ...

UK finance minister Jeremy Hunt presented his much-awaited budget plan aimed at saving £55 billion. Taxes are set to rise for everybody. The definition of who qualifies as a top earner has been widened to include more taxpayers. It will ...

Retail investors are flooding the debt markets, hoping to take advantage of some of the highest bond yields in more than a decade. The US Federal Reserve’s decisive monetary tightening has caused the 10-year treasury bond yield to hover around ...

Wholesale prices in the US climbed 8% in October from last year, the fourth straight decline and another sign that inflation pressures are waning from previously high levels.The annual wholesale inflation figure is a reduction from the 8.4% in September. ...

The London bourse has surrendered its post as Europe's most-valuable stock market, with France supplanting it. A weak pound and worries of recession in the UK are thought to be some of the factors behind the development.It is the first ...

Investors are finding reasons to stay away from both the volatile crypto space and the normally  safe-haven investment that is gold. The price of Bitcoin is currently hovering at around $16,500, down from $20,000 just a week ago as the ...