Mon, October 03, 2022
Economy

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

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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

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The price of cryptocurrencies is falling, and it appears like there is

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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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Dollar bills

U.S. CPI Sets a Lower Start for U.S. Dollar

Before the much-awaited U.S. inflation data publication, the dollar dropped in European trade this Tuesday.   The Dollar Index was trading 0.3% down at 107.803 at 03:05 ET (07:05 GMT), extending a decline from the 20-year high of 110.79

Dollar Euro

Euro Recovers Against Dollar

A few weeks back, EUR/USD hit 1.0, and it has been floating around that spot ever since. With a combined growth in the US and a decline in the EU, the two currencies were more or less equalized and

China sees growth in consumer spending

Chinese Economy Booming with $306 Billion Corporate Credit

In its yuan credit market, China has recently raced ahead of the US for corporate bond sales, a remarkable change that emphasizes the growing influence of the two nations’ divergent monetary policies. According to statistics, non-financial companies issued more

Is Recession Threatening the Oil Market?

Despite a little increase on Friday, oil prices continued to drop for the week due to concerns over sudden interest rate increases that would hurt the global economy and fuel consumption. As of 03:15 GMT, Brent oil futures were

Dollar bills

U.S. CPI Sets a Lower Start for U.S. Dollar

Before the much-awaited U.S. inflation data publication, the dollar dropped in European trade this Tuesday.   The Dollar Index was trading 0.3% down at 107.803 at 03:05 ET (07:05 GMT), extending a decline from the 20-year high of 110.79

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

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

The UN Deputy Believes The 'Hindsight Is 20/20'

The UN Deputy Believes The ‘Hindsight Is 20/20’

Amina Mohammed of the United Nations described the Russia-Ukraine situation as “a major jolt to the system.”   Mohammed also leads the Global Crisis Response Group on Food, Energy, and Finance, which he previously chaired as Nigeria’s minister of environment. It was established by United Nations Secretary-General António

The Economic Turmoil Is Here To Stay

The Economic Turmoil Is Here to Stay

Scott Morrison has acknowledged that costs of ordinary things are rising. Still, he has emphasized that this is due to external reasons. On Friday, Opposition Leader Anthony Albanese emerged from COVID-19 solitude; hence, the campaign trail’s attention shifted back to growing living costs. According to the prime minister,

Russia

Russia Rejects Germany’s Ruble Payment and Supply To Poland

Bloomberg reported that Russia’s Gazprombank rejected a ruble payment from a trading business Germany had seized from Moscow. The payment was for gas deliveries to Germany and Austria in April and May. Russia cut off gas supplies to Poland and Bulgaria on Wednesday. According to Bloomberg, Russia’s Gazprombank

gas

Poland’s Biggest Gas Supplier Ceases Operations in Poland

On Wednesday, Russia will cut off gas supplies to Poland; it will escalate the stalemate between Moscow and Europe over energy supplies and the Ukraine crisis. Moscow appears to be following through on a promise to cut off gas supplies to nations who refuse to pay in rubles,

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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