Mon, October 03, 2022
Economy

When some think of railroads, we think of 19th-century locomotives and men

saudi arabian
Economy

Saudi Arabia is planning to balance its state budgets over the medium

Zambia and interesting details
Economy

Countries in different parts of the world are trying to minimize the

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Economy

When some think of railroads, we think of 19th-century locomotives and men

OPEC Organization of the Petroleum Exporting Countries
Commodities

OPEC+ sources said that the group’s oil producers are considering reducing its

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OPEC Organization of the Petroleum Exporting Countries

OPEC+ To Cut the Output By 0.5-1 Million BPD

OPEC+ sources said that the group’s oil producers are considering reducing its output target at a meeting on October 5. They aim to reduce between 500,000 and 1M barrels per day (BPD) to stabilize

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FOREX NEWS

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Chinese Yuan fell on Tuesday. What about Aussie and Kiwi?

How Is PBOC Warning Shaping the Chinese Currency Market?

After the central bank warned against speculative trading and large one-way bets on the currency, the Chinese yuan rebounded Thursday from a 14-year low versus the dollar reached in the previous session, ending eight days of losses. The People’s

The Dollar Falls As The Yield Curve In The U.S. Flattens

Sterling Sinks Further Down While the Dollar Surges Higher

Early on Thursday in European trade, the U.S. dollar continued its upward trend as sterling fell as the relief rally triggered by the Bank of England’s intervention in the bond market fizzled out. The Dollar Index, which measures the

Yuan

The Yuan Declines as Asian Equities Fall Even Further

Most Asian currencies modestly increased on Tuesday as the dollar’s run below 20-year highs halted. At the same time, the Chinese yuan declined to a new two-year low. The Singapore dollar increased by 0.2%, while the Japanese yen and

The British Pound fell on Thursday. What about the Aussie?

British Pound at A Record Low

As local Treasury rates rose on Tuesday, the British pound rose from record lows. Attention is now firmly fixed on prospective policy moves by the Bank of England (BoE) to stabilize local currency markets. After falling to a record

OPEC Organization of the Petroleum Exporting Countries

OPEC+ To Cut the Output By 0.5-1 Million BPD

OPEC+ sources said that the group’s oil producers are considering reducing its output target at a meeting on October 5. They aim to reduce between 500,000 and 1M barrels per day (BPD) to stabilize the market. An OPEC source

UAE Becomes Home to New Metaverse Headquarters

UAE Ministry of Economy has new offices in the Metaverse. The UAE Ministry of Economy’s most recent entry into the Metaverse is the disclosure of a “third address” in a virtual setting. The Ministry of Economy of the United

The British Pound fell on Thursday. What about the Aussie?

British Pound at A Record Low

As local Treasury rates rose on Tuesday, the British pound rose from record lows. Attention is now firmly fixed on prospective policy moves by the Bank of England (BoE) to stabilize local currency markets. After falling to a record

Crypto

The Crypto Market Down Again, Here Is Why.

The price of cryptocurrencies is falling, and it appears like there is no end in sight. The following three factors explain why bitcoin prices are declining. Due to this year’s market fall, most profitable portfolios are net losers, and

BROKER NEWS

OPEC Organization of the Petroleum Exporting Countries

OPEC+ To Cut the Output By 0.5-1 Million BPD

OPEC+ sources said that the group’s oil producers are considering reducing its output target at a meeting on October 5. They aim to reduce between 500,000 and 1M barrels per day (BPD) to stabilize the market. An OPEC source estimated the likely number was closer to 500,000 BPD earlier

Railroads May Stop US Economy in Its Tracks

When some think of railroads, we think of 19th-century locomotives and men in overalls shoveling coal into engines. While that view is certainly outdated, railroads are still an integral part of society’s functioning. However, opinions on trains are divided depending on where you are located on the globe.

US

The U.S. Unemployment Rate May Double Soon

According to recent estimates from a team of researchers that included two staff economists from the International Monetary Fund, the U.S. unemployment rate may need to go to as high as 7.5% in order to stop the nation’s outbreak of high inflation. The analysis concluded that only under

Russia

Russia Anticipates Higher Economic Returns This Year

According to a top government official, Russia’s economy will have a less severe decline than anticipated over the following years and may begin to expand on a quarterly basis as early as the end of 2022.   According to Russian news outlets, Economy Minister Maxim Reshetnikov stated that

US

The U.S. recession will most certainly harm Asia

If the United States enters a recession, Asia will not be spared, but some Southeast Asian countries may be hurt more than others, economists warn. The war between inflation and recession continues in the United States as the Federal Reserve maintains its aggressive position on interest rate hikes.

Ruble Finishes Near 60 Versus The Dollar

Ruble Finishes Near 60 Versus The Dollar

The ruble increased 0.1% versus the dollar at 59.80 at 0810 GMT. It hit 60.41 as it rose from a nearly four-week record level of 57.70 on Friday. Versus the euro, it accumulated 0.1%

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