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According to World Bank estimates, remittances to low- and middle-income countries reached $685 billion in 2024, up from $647 billion in 2023. With remittances...
It seems as though China’s imports of sanctioned oil are rebounding amid trade tensions with the US. Immediately after Shandong’s shipping ban and the...
Oil is headed for its biggest weekly gains since the middle of January as supply disruptions and rising demand supported sentiments. A weaker US...
The US economy continues to defy expectations, growing at an annualized rate of 3.1% in the third quarter of 2024, according to the Commerce...
Cryptocurrencies endured a bloodbath following the Fed’s hawkish tone on Wednesday. Despite the expected 25 bp interest rate reduction, Jerome Powell plunged markets with...
Despite sluggish demand in the retail jewellery market, Beijing-based Laopu Gold has emerged as a standout success. With revenue skyrocketing 148% year-on-year in the...
The Indian rupee saw a modest recovery on December 20, appreciating by 6 paise to open at Rs 85.07 against the US dollar in...
The largest strike in Amazon’s history, organized by the International Brotherhood of Teamsters, erupted across the US this week, marking a significant escalation in...
The South African rand has remained on edge as emerging market currencies slumped after the hawkish Federal Reserve interest rate decision. The USD/ZAR exchange...
On Thursday, the Bank of Japan (BOJ) maintained its benchmark interest rate at 0.25%, citing uncertainties in Japan’s economic activity and pricing dynamics. The...
The USD/NOK exchange rate jumped to its highest level since March 2020 as crude oil prices dropped and as the US dollar index surged....
The South Korean won plunged to its weakest level in 15 years on Thursday, reflecting heightened economic and political risks. The currency was trading...
New Zealand’s economy contracted sharply in the third quarter of 2024, with GDP plummeting by 1.0% compared to the previous quarter, according to government...