Having been increasing the rate at 10 meetings straight, the Reserve Bank of Australia finally kept its benchmark interest rate at 3.6 percent on Tuesday. The bank stated that more time was required to evaluate how the economy and inflation would be impacted by tighter financing conditions....

Prior to the Monday, April 3 meeting of the ministerial monitoring committee, Bloomberg reported that OPEC+ thought maintaining production quotas would be the best reaction to the escalating unpredictability in the oil market. The agency reports that as a result of the banking problem, oil futures...

Japan announced on Friday that it will limit the export of 23 different types of semiconductor manufacturing equipment, aligning its technology trade controls with an effort by the United States to stop China from producing sophisticated chips.   Major worldwide chip equipment producers...

China has criticized U.S. Treasury Secretary Janet Yellen's comments as "irresponsible" and "unreasonable" after she claimed Beijing's lending practices leave developing nations "stuck in debt."   On Wednesday, Yellen expressed her concern over some of China's international actions,...

Federal Statistical Office shows that Germany's public debt has increased to a record-high level of €2.37 trillion. The agency attributes the rise to the COVID-19 epidemic support measures and the energy crisis. National debt increased by 1.8%, or €41.9 billion, from the third quarter of 2022 to...

Despite recent financial market upheaval that led to the failure of two regional banks, U.S. consumer confidence unexpectedly rose in March. Yet, people in the country still expect inflation to remain high over the coming year.   More people intended to purchase automobiles and home...

With no rivals appearing as the nomination period came to an end, U.S. Treasury Secretary Janet Yellen on Wednesday dismissed the notion of a short-term capital boost for the World Bank and stated that she anticipated U.S. nominee Ajay Banga to be elected as the bank's next chairman.  ...

The White House will call for stricter regulations for midsize banks with holdings between $100 billion and $250 billion this coming week. The U.S. Federal Reserve (Fed) and other authorities will receive recommendations, says The Wall Street Journal (WSJ). The Fed reportedly started reviewing its...

According to Kristalina Georgieva, managing director of the International Monetary Fund (IMF), the issues facing the banking sector in developed countries were an inevitable result of the government's efforts to combat inflation. The IMF chief said in a speech at the Boao Asian Forum in China that...