The latest data reveals that advanced operating efficiencies in the U.S. shale sector are driving increased oil production without additional spending. This surge in output is set to influence global oil markets as OPEC prepares to unwind its output cuts… Read More ›
Oil futures rebounded more than $1 a barrel from seven-week lows on Wednesday following the assassination of Hamas leader Ismail Haniyeh in Iran, escalating tensions in the Middle East. Despite this uptick, prices continue to be weighed down by concerns… Read More ›
Hamas leader Ismail Haniyeh was assassinated in the early hours of the morning in Iran, the Palestinian militant group announced on Wednesday, heightening concerns of a broader escalation in a region already shaken by Israel’s war in Gaza and a… Read More ›
Vladimir Putin, the president of Russia, issued a warning to Washington on Sunday, stating that if Washington placed long-range missiles in Germany, Russia would place missiles of a similar design within striking reach of the West. In anticipation of a… Read More ›
A key US Federal Reserve indicator revealed in June that inflation had somewhat decreased from a year earlier, paving the path for the much-anticipated interest rate drop in September. According to Dow Jones estimates, the personal consumption expenditures price index… Read More ›
Digital platform Qifa told Reuters that while certain settlements directly through banks are taking months to clear owing to sanctions, the rising usage of digital assets in cross-border settlements between Russia and China is easing bilateral payment concerns. Chinese-owned Qifa… Read More ›
There has been a recent upsurge in dealmaking between the areas, as evidenced by Abu Dhabi’s ADNOC’s aim to acquire German chemical producer Covestro for 11.7 billion euros ($12.74 billion). This would be the largest European purchase by a Middle… Read More ›
According to previously unreleased U.S. Commerce Department data, the amount of banned commodities and semiconductors moved through China and Hong Kong to support Russia’s war effort decreased by a fifth this year, but Hong Kong is still a hub for… Read More ›
This week, at a hearing before the European Commission, an industry group representing twelve Chinese automakers claimed that EU tariffs on electric vehicles manufactured in China were illegal and needed to be lifted. At a hearing on Thursday, the China… Read More ›
As central banks have stepped in to defend their currencies, Asia’s foreign reserves have decreased this year, with South Korea, Indonesia, and Japan seeing the biggest reductions. By the end of June, foreign reserves in 12 countries—from Japan to India—had… Read More ›
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