In September, the producer price index (PPI) in the U.S. exceeded expectations, rising by 0.5%, indicating continued inflationary pressures. This increase was primarily driven by [more…]
The Bank of Israel announced a plan to sell up to $30 billion in foreign reserves to support its domestic currency, the Israeli shekel, which [more…]
The escalating violence in Israel is expected to drive investors towards safe haven assets as they monitor Middle East developments for potential market-related geopolitical risks. [more…]
During the recently concluded “golden week” holiday, cities throughout China witnessed significant spending surges. However, economists caution that this momentum may dwindle as pent-up demand [more…]
The Philippine central bank has announced its readiness to increase interest rates again due to a second consecutive month of rising consumer prices, primarily driven [more…]
Lukoil, a private Russian oil producer, has agreed to lend Azeri state oil firm Socar $1.5 billion. This deal will allow Socar’s Turkish STAR refinery [more…]
Constellation Brands, the owner of popular beer brands Modelo Especial and Corona Extra, exceeded analysts’ predictions in its fiscal second quarter of 2024. The company [more…]
Saudi Arabia and Russia, two key OPEC+ partners, have confirmed that they will continue their oil supply cuts in November. This decision comes despite the [more…]
The Russian rouble initially fell below 100 against the dollar but later recovered slightly during early trading on Tuesday. This decline was attributed to foreign [more…]
Hong Kong stocks experienced a significant decline upon traders’ return from an extended weekend due to rising US Treasury yields, which negatively impacted market sentiment. [more…]
