On Thursday, crude prices declined as investors weighed a bigger-than-expected build in US oil stocks against tightening global supply. The Brent oil futures skidded 1.34% or 1.26 points to $107.57 per barrel. The international benchmark moved inversely from a gain of 3.96% to $108.78 per barrel yesterday. Similarly, US West Texas Intermediate contracts edged down …
Beijing condemned Western sanctions on Russia following its invasion of Ukraine; hence, China’s overall commerce with Russia increased by more than 12% in March; it went down from February but still surpassed China’s total commerce growth. Chinese customs statistics showed on Wednesday that shipments to and from Russia grew 12.76 percent in March to $11.67 …
China’s Commerce With Russia Is Slowing But Still Growing Read More »
European stocks fell on Tuesday. They declined as traders monitored heavy selling in the banking sector as well as U.S. inflation data, and looked ahead to key central bank meetings. The pan-European Euro Stoxx 600 index fell 1% in early afternoon trade after clawing back some earlier losses. The German DAX declined 0.3% with the …
European Stocks Plunged Due to a Combination of Factors Read More »
Consumers in the United States are paying more for everything. In China, the problem of inflation is completely different. According to experts, persistent inflation in China narrows the opportunity for the People’s Bank of China to decrease interest rates and promote development. According to statistics released Monday, official gauges of producer and consumer prices in …
Despite this, S&P downgraded Moscow to selective default,’ warning that the nation is unlikely to meet its foreign debt obligations. Since its war with Ukraine, Russia has added $3.4 billion in fresh oil and gas earnings to the fund that cushions its sanctions-hit economy as it moves closer to its first debt default since 1998. …
Russia’s Economy Has A $3.4 Billion Buffer Thanks To Fuels Read More »
On Monday, oil skidded after a second straight weekly plunge on plans to release record volumes of crude products from strategic stocks. Brent oil futures for June 22 slashed 3.15% or 3.25 points to $99.56 per barrel. The international benchmark reversed its Friday gain of 2.19% to $102.78 per barrel. Similarly, the West Texas Intermediate …
Oil declines on the release of strategic reserves Read More »
European stocks strengthened their positions on Thursday as volatility continued following details of the U.S. Federal Reserve’s monetary tightening plans and the situation in Ukraine. The pan-European Stoxx 600 index rose 0.5% by mid-afternoon as U.S. Treasury yields fell from multi-year highs after four days of declines. Chemicals gained 1.3% to leas gains while oil …
European Stocks Rose While Stocks in Asia Declined Read More »
On Thursday, crude oil prices recovered from a three-week low in the previous session as concerns over tight supplies still clouded the market outlook. Brent oil futures edged up 1.19% or 1.20 points to $102.20 per barrel. The international benchmark gained its pace from a slump of 5.22% to $101.07 per barrel yesterday. Then, US …
Crude oil prices rebound as supply concerns linger Read More »
Following footage of mass deaths of civilians in Bucha, near Kyiv, European leaders have indicated that they may impose sanctions on Russia’s energy exports. On Monday, the European Union’s top diplomat, Josep Borrell, said that the organization was working on further penalties against Russia as a “matter of urgency.” This week, President Macron of France …
Europe Adds Penalties, Russia’s Energy Exports Scrutinized Read More »
On Monday, oil prices skidded as investors tracked a worsening Covid-19 outbreak in China. Brent Crude futures declined 0.39% or 0.32 points to $104.05 per barrel. The international benchmark extended a drop of 0.85% to $103.50 per barrel yesterday. Likewise, US West Texas Intermediate lost 0.60% or 0.57 points to $98.70 per barrel. It followed …
Oil extends retreat as China’s Covid crisis grows Read More »
On Sunday, BYD Co. Ltd. announced that it stopped the production of traditional gasoline-powered vehicles last month. Instead, China’s largest electric vehicle maker now manufactures full electric and plug-in hybrid cars. The firm mentioned that it would continue to offer existing customers improved service and after-sales support. At the same time, it would still supply …
This week, senior U.S. officials fanned out to push other leaders to continue pressure on Moscow; they urged them to join the sanctions and other measures campaign as the Ukraine crisis enters its fifth week. The early economic harm to Russia appears to be ebbing. The initiative comes as the immediate impact of the United …
As the Rouble Rises, US Pushes to Maintain Pressure on Putin Read More »
Amazon.com unveiled a double cashback rewards program on fuel purchases to up to 12.00% for Flex debit cardholders. This move would help its delivery partners amid the surging fuel prices. Accordingly, gasoline costs have edged up more than 20.00% from last month. The sky-high crude rates have mainly driven the upsurge. Western countries have avoided …
The euro sank on Thursday as investors worried about the situation in Ukraine and the lack of progress in peace negotiations. At the same time, the Norwegian crown plummeted after the central bank opted to purchase foreign currency. Russian forces are preparing further strikes, according to Ukrainian President Volodymyr Zelensky; peace negotiations set to start …
The Euro Falls as Investors Remain Wary About Ukraine Read More »
Even as a new subvariant generates a new wave of infections, many countries have decided to live with the coronavirus. China, on the other hand, is a notable exception. China uses “snap” lockdowns to stop COVID-19 from spreading within its borders. Furthermore, the policy is looming over the global economy and financial markets; it is …
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
