03:18 PM @ 02/02/2023
Moscow’s response to the western-imposed price cap on Russian oil exports took effect on Wednesday, banning sales to nations that require buyers to abide by the cap.SEE MORE04:23 PM @ 01/02/2023
The dollar edged lower against the euro on Wednesday ahead of an eagerly-awaited Federal Reserve policy decision with investors hoping the U.S. central bank will signal the end of its interest rate hiking cycle.SEE MORE05:02 PM @ 31/01/2023
China’s reopening is set to provide a welcome boost to global growth, offsetting weakness in Europe and a looming recession in the US. But unlike in 2009, when China’s four-trillion-yuan stimulus helped kickstart a recovery from the Lehman slump, in 2023 there’s a catch — a boost to inflation at exactly the moment the Federal Reserve and other central banks race to bring it back under control.SEE MORE04:05 PM @ 31/01/2023
Oil prices fell on Tuesday as the threat of further interest rate increases and ample Russian crude flows outweighed demand recovery expectations from China.SEE MORE04:27 PM @ 30/01/2023
On January 25, Russian Foreign Minister Sergey Lavrov told journalists in Angola that BRICS, an acronym for Brazil, Russia, India, China, and South Africa, may soon explore the possibility of creating its own currency. What message does this plan send regarding the greenback's dominance?SEE MORE
