Last news

China Calls on Major Central Banks to Hold Interest Rates

China Calls on Major Central Banks to Hold Interest Rates

Economy news
2 years ago

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

FOREX news
2 years ago

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

Commodities news
2 years ago

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

Economy news
2 years ago

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

Commodities news
2 years ago

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

Economy news
2 years ago

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

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

Commodities news
2 years ago

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

Stocks news
2 years ago

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

FOREX news
2 years ago

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...

China Intends to Go It Alone in Chip Manufacture Pledge

China Intends to Go It Alone in Chip Manufacture Pledge

Economy news
2 years ago

China’s ruling Communist Party is encouraging the country’s biggest e-commerce company Alibaba to design and manufacture its own computer processor chips. President Xi has recently said that “Self-reliance is the foundation for t...

Japan Joins Oil Sell-Off to Reduce Prices

Japan Joins Oil Sell-Off to Reduce Prices

Commodities news
2 years ago

Japan belatedly joined several major nations in selling oil from its strategic reserves in an attempt to fight rising prices. The unprecedented multi-state release of crude oil has been championed by the Biden administration and has included key O...

US Stocks Rally as Omicron Fears Recede

US Stocks Rally as Omicron Fears Recede

Stocks news
2 years ago

Early data showing that the Omicron variant is not as serious as previous strains led to a rush of positive trading on Wall Street this Thursday. The S&P 500 was close to its record high from late November. Buoyed by positive gains from stocks...

US Dollar Flags as Optimism on Global Economy Reduces Demand for Haven Assets

US Dollar Flags as Optimism on Global Economy Reduces Demand for Haven Assets

FOREX news
2 years ago

The US Dollar flagged to a one-week low against other major currencies as investors shifted toward a more positive outlook for the global economy. Fueled by news that Omicron will not be as serious as previous variants, risk appetite has improved,...

Gold Shows Gains Despite Omicron Risk

Gold Shows Gains Despite Omicron Risk

Commodities news
2 years ago

The price of gold bullion rose for the first time since mid-November as investors responded to tightening monetary policy and the threat of Omicron by making safe-haven investments in the commodity. Market analysts had warned that risk aversion wo...

Do you need help or have a question?