Oil Prices Rise As China Optimism Grows Ahead of Lunar New Year
Oil prices rose further on Friday, and were set to end the week higher as optimism over an eventual recovery in Chinese demand this year largely offset fears that a global economic slowdown will dent crude markets. Markets are betting on a strong boost...
Oil Prices Dip as industry Data Shows Massive Build in U.S. Inventories
Oil prices fell on Wednesday after industry data pointed to a large weekly build in U.S. crude stockpiles, although losses were limited by the prospect of strong demand this year and as the dollar softened on expectations of slower interest rate hikes. Data from...
Oil Falls on Weak Chinese Data, Hawkish Fed Also Weighs
Oil prices retreated from a three-week high on Thursday after weak economic data from China pointed to more trouble in the world's largest crude importer, while the outlook for demand was also dimmed by the prospect of higher U.S. interest rates A private survey...
Asia FX Rallies on China Reopening, Yuan at Over 4-Mth High
Most Asian currencies shot up on Monday, with the Chinese yuan hitting a four-month high after the country reopened its international borders, while hopes of a less hawkish rhetoric from the Federal Reserve also weighed on the dollar and supported regional units. The yuan...
Oil Prices Rebound on China Reopening Optimism, Easing Fed Fears
Oil prices rose on Monday, recovering a measure of recent losses as investors bet that an economic reopening in China and a less hawkish rhetoric from the Federal Reserve will help spur a recovery in crude demand this year. China reopened its international borders...
Asia FX Drifts Lower On Hawkish Fedspeak, Weekly Losses On Tap
Most Asian currencies fell on Friday, and were set to close the week lower following hawkish comments from several Federal Reserve officials, as well as growing concerns over a potential recession this year. China-exposed currencies were the worst performers this week, even as data...
Non-power coal users claim supply shortage; government denies it
India's aluminium smelters, textile mills, sponge iron and fertiliser-makers say they face a coal shortage as power generators take the bulk of supplies.
India's top miner Coal India Ltd, which accounts for more than 80% of India's production of the fuel, and the federal coal...
Electric car makers ride on sops to woo cab operators
The following article is an analysis of data taken from the INOMICS Salary Report 2020/21 - which is available to download in full here. Specifically, this article looks at the average salaries of economists around the world working in academia, the public sector and the...
European Stocks Edge Higher; German Industrial Production Impresses
European stock markets edged higher Monday, with sentiment boosted by China’s decision to fully reopen its borders as well as stronger-than-expected German industrial production. At 03:45 ET (08:45 GMT), the DAX index in Germany traded 0.3% higher, the CAC 40 in France gained 0.2%...
Asia FX Heads For Weekly Bounce, Dollar at 7-Mth Low on Easing Inflation
Most Asian currencies crept higher on Friday and were headed for steep weekly gains on the prospect of an eventual shift in the Federal Reserve’s hawkish stance, which also pushed the dollar to a seven-month low. The Japanese yen rose 0.1% to an over...