According to sources cited by the Financial Times, the People's Bank of China (PBOC), the nation's central bank, has relaxed temporary limits on gold imports placed on some financial institutions to support the yuan. The sources claim that the central bank first loosened the informal limitations...

Officials from the US Federal Reserve, who have hesitantly accepted the idea that they might be able to stop inflation without a recession, will meet this week with new dangers to that best-case scenario in the form of an autoworkers strike, a potential government shutdown, and consumer debt...

Due to encouraging information on the state of the Chinese economy, stock indices of the biggest Western European nations ended trading on Friday with gains. Stoxx Europe 600, the composite index of the biggest European companies, rose 0.2% for the day to reach 461.93 points. German index DAX...

August saw stronger increases in manufacturing output and retail sales in China, but falling investment in the crisis-hit real estate sector threatens to undermine a flurry of support measures that are beginning to stabilise certain aspects of the shaky economy.   Given the continued...

The CEO of shipping giant Maersk claims that there are early signs of a recovery in world trade.   “Barring any negative surprises, we would hope for a slow pickup as we get into 2024, a pickup that will not be a boom like what we have known in the past few years, but certainly ... a demand...

The 2024 estimate was downgraded to 1.9%. International rating agency Fitch revised up the forecast for the global GDP growth for 2023 from 2.4% to 2.5%. The forecast for global economic growth in 2024 has also declined, from 2.1% to 1.9%. The most recent Global Economic Outlook stated that...

As shares in Chinese EV manufacturers fell, Beijing criticised the European Commission's decision to open an investigation into China's electric vehicle (EV) subsidies as protectionist and warned that it would harm economic and trade relations.   Ursula von der Leyen, president of the...

Due to Saudi Arabia's drop in output, the global oil market may see a supply shortage of around 3.3 million barrels per day in the fourth quarter, reports Bloomberg referring to the OPEC report from September 12th. The fall in Saudi Arabia's oil production and Russia's exports might put pressure on...

According to a statement from the bank, French bank Societe Generale and the Canadian investment firm Brookfield Asset Management will put €10 billion into a direct lending fund. The fund will start off with €2.5 billion as seed money, and over the course of four years, it will grow to a total of...