New York’s Conference Board says US Consumer Confidence sinks to nine-month low

02-12-2021
On Tuesday, data from NY-headquartered Conference Board said that US consumer confidence had tumbled to a nine-month low last month

Eurostat says Eurozone inflation hits record high in likely peak

01-12-2021
Eurostat data had unveiled on Tuesday that eurozone inflation had spiked to a record high in November

Oil slumps as Omicron plays havoc, posts biggest monthly fall since Mar. 2020

01-12-2021
On Tuesday, both US WTI and UK crude oil benchmarks had reported their steepest monthly declines since March 2020

Oil gains over 3% on hopes Omicron-dip overdone; questions raised on market rigging

30-11-2021
On Monday, both US and UK crude oil futures' prices had eked out more than a 3.0 per cent in gains

Cobalt-rich Congo tries to push into battery manufacturing

29-11-2021
The Democratic Republic of the Congo had been brewing off an option to launch an EV production line

London’s IHS Markit says eurozone Nov. growth surprisingly strong but outlook darkens

26-11-2021
IHS Markit's flash Eurozone composite PMI (Purchasing Managers' Index) soared to 55.4 in November, handsomely beating an analysts' estimate of 53.2

US consumer spending soars 1.3% in October; inflation heats up

25-11-2021
US consumer spending jumped as much as 1.3 per cent in October

US weekly initial jobless claims drop to 52-year low; economy eyes strong '21 finish

25-11-2021
US weekly initial jobless claims fell to the lowest since November, 1969 over the week that ended on November 20

Olaf Scholz takes Germany's reigns as its new Chancellor in a new coalition govt

24-11-2021
The Social Democrats, Greens and the Free Democrats will form the new government

Pakistan commits to providing $28 million in assistance to Afghanistan

24-11-2021
The country also said that it also would allow for passage of assistance from India to reach Afghanistan

United States to make available 50 million crude barrels to resolve oil crisis

23-11-2021
Other countries, too, will carry out a similar release including India

US President Joe Biden extends Fed Reserve Chair Jerome Powell's tenure

23-11-2021
Powell's entry into the Federal Reserve began almost a decade ago, in 2012

Australian government announces reopening of borders for students, workers

22-11-2021
A significant percentage of the population getting vaccinated has been cited as the reason for this call

US House passes Biden’s $1.75 trillion social spending bill, sending to Senate

20-11-2021
US House had passed Biden's $1.75 trillion social spending bill on Friday

Crude oil nosedives over 2%, tumbles below $80 as Europe lockdown concerns mount

20-11-2021
On Friday, both US WTI and UK crude oil futures' prices had fallen below $80 per barrel for the first time since late-September

US weekly jobless claims near pre-pandemic level as manufacturing regains speed

20-11-2021
US initial weekly jobless claims fell to the lowest level since the beginning of pandemic outbreak last week

Canada’s annual inflation-rate marches to 18-year peak, set to keep rising

18-11-2021
On Wednesday, data from Statistics Canada had revealed that Canada's core inflation indicator (CPI) rose to a fresh 18-year peak last month

Saudi PIF nearly triples US stock holdings, adds Alibaba, Walmart

17-11-2021
Saudi PIF said in a filing with US SEC (Securities and Exchange Commission) on Monday that its US stock holdings had nearly tripled over third-quarter

Peruvian GDP en route to exceed pre-pandemic levels in 2021, says Central Bank

16-11-2021
The Peruvian Central Bank's head of economic studies, Adrian Armas said later last week that the pandemic-battered LATAM economy's growth had been well on track to exceed a pre-pandemic level

Greece sees strong 2021 tourism recovery after robust Jan. to Aug., says Minister

15-11-2021
Greek Tourism Minister Kikilias said in a newspaper interview published on Sunday that the Greek economy was witnessing a strong recovery in tourism and entertainment sector

Eurostat says Eurozone factory output beats expectation as recovery gathers momentum

15-11-2021
On Friday, Eurostat data had unveiled that the eurozone's industrial output fell less than anticipated ahead of an all-important holiday season

Turkish Lira hits record low below 10 against US Dollar

14-11-2021
On Friday, Turkish Lira fell to a new record low against its American counterpart

Oil prices post third straight weekly plunge after volatile week

13-11-2021
Crude oil prices had reported their third straight weekly percentage declines on Friday

Brussels raises 2021 eurozone growth forecast, sees strong 2022

12-11-2021
EU Commission had raised eurozone growth forecast for both 2021 and 2022 citing an improved economic landscape

US Consumer Price Index leaps to 31-year peak as gasoline, food prices skyrocket

12-11-2021
US Consumer Price Index had surged by the steepest pace in 31 years on October