Data indicate that as the US steps up measures to curb trade with China by raising tariffs, it has significantly increased imports from Vietnam, a country that mostly exports goods made possible by Chinese input.   Trade imbalances have significantly increased as a result of the boom in...

The IEA noted in its May report that although geopolitical tensions remain high, oil prices fell considerably in April and early May due to concerns about the global economy and rumors of progress in negotiating a truce in the Gaza Strip. The most notable sell-off was in middle distillate markets,...

China's calm reaction to the United States' decision to increase duties on $18 billion worth of Chinese imports, ranging from batteries to needles, indicates that rather than a new trade war, ties between the two biggest economies in the world are likely to become more icy. China promised to take...

An issue that many American businesses were not prepared to deal with this year is the strengthening dollar.   A lot of market players thought that the dollar would weaken due to interest rate reductions that investors and the Federal Reserve had scheduled for 2024. The U.S. dollar index,...

U.S. President Joe Biden is expected to impose fresh tariffs on China as early as next week, aimed at critical industries including electric vehicles, according to reports quoting sources.   One of the persons said that the entire announcement, which can come as soon as Tuesday, is...

According to the organization, double-digit inflation will persist in the nation until early 2028. Turkey's long-term foreign and local currency ratings were upgraded from "B" to "B+" by S&P Global Ratings. The ratings outlook is "positive," according to a news statement from S&P. The...

According to the Financial Times, which cites sources, Ulrich Körner, the last CEO of Swiss Credit Suisse, will leave UBS, which acquired this bank, in the upcoming weeks. The sources claim that by the end of May, UBS management will have finished merging the two banks' legal entities....

9.23 billion pounds ($11.5 billion) of interest was paid to the UK's biggest commercial banks on deposits made with the Bank of England last year, reads the UK House of Commons Treasury Committee report. More than twice as much was received by NatWest, Barclays, Lloyds, and Santander banks as...

The United States Federal Reserve maintained interest rates unchanged on Wednesday and signalled that it is still leaning towards eventually lowering borrowing costs, but it raised a warning flag over recent poor inflation data, which might delay those rate cuts.   Indeed, Fed Chair Jerome...