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S&P: Global sovereign borrowings will reach $12.3 trillion in 2025 03/05/2025

Reuters: Production of new Honda Civic has been shifted from Mexico to the U.S. due to duties 03/04/2025

Aramco hits Saudi Arabia's budget 03/05/2025

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Economics

UK Economists Predict Post-Brexit UK Economy to Shrink – First Time in 4 Years

Britain's oldest independent think-tank is of the opinion that the first quarterly contraction in almost four years would be marked this time as the U.K. economy is likely to shrink in the three months following the Brexit vote. The National Institute of Economic and Social Research (NIESR) said...

$45 Billion Spending Boost This Year Planned to be Given by Japan’s Fiscal Plan

As Prime Minister Shinzo Abe seeks to bolster the economy without abandoning targets for improving fiscal health, Japan’s government announced 4.6 trillion yen ($45 billion) in extra spending for the current fiscal year. The government said that more investment was needed to expand the...

New Regulations’ Are Welcomed By Chinese ‘Ride-Hailing’ Services

Didi & Uber, the ride-hailing rival in China get support from Chinese government who still curbs “its behaviour”. Online “ride-hailing services” got a green signal in China, whereby the country has issued guidelines establishing a framework that has been long waited for. The recently issued...

Global Iron Ore Prices Being Supported by Strong Steel Demand

Things may be turning the corner for iron ore after the market for the steel-making commodity was is decline since 2011 amid an extended commodities crash. It is however not certain how strong the recovery will be. While China’s appetite for the commodity firms, the supply growth...

Underwhelming Expectations, ETF Buying Doubled by BOJ in its Policy Easing Strategy

While disappointing investors who had set their hearts on more audacious measures but yielding to pressure from the government and financial markets for bolder action, the Bank of Japan expanded stimulus on Friday by doubling purchases of exchange-traded funds (ETF). But the central bank...

Why investors see zinc as a new precious metal

From the beginning of the year, price for zinc increased by more than 40%, becoming the fastest growing in the non-ferrous metal segment. The investors' interest is fueled by concerns about the possible difficulties with supplies. Zinc occurred the fastest growing in price among non-ferrous metals...

Jobs Boost to Post-Brexit UK given by McDonald’s and Glaxo

Joining GlaxoSmithKline Plc in a vow to bolster British employment following the nation’s historic vote to leave the European Union, McDonald’s Corp. has said that it will create more than 5,000 new jobs in the U.K. by the end of 2017. Paul Pomroy, chief executive officer of McDonald’s...

Pokemon Go, the new oil energy sink

The world is catching Pokemons, and economists and analysts are calculating the game’s impact on the economy. Do you know how much energy is consumed by one Pokemon Go player? Each player that connects to the game, spends about 0.76 liters of gasoline. It doesn’t seem impressing, but if we add up...

As Near-Term Risks Diminish Fed Begins Crawl Towards Rate Hike

While stopping short of signaling that the move could come as soon as September, Federal Reserve policy makers took a step toward raising interest rates later this year. After their two-day meeting, their assessment of the economy in their monetary policy statement was upgraded by the...

To Repair its Battered Economy, Egypt Seeks Region’s Biggest IMF Loan

In an accord that would be the fund’s biggest aid package in a region pummeled by political unrest and the plunge in oil prices, Egypt plans to secure a $12 billion loan from the International Monetary Fund to ease a crippling dollar squeeze and restore confidence in the economy. An IMF...