On May 6, the EU will unveil a strategy to phase out purchases of Russian fossil fuels. António Costa, President of the European Council, believes the initiative will send a strong political message to businesses.
China’s copper smelting factories achieved record amounts of production last month. It happened due to increasing prices on joint production of gold and sulfuric acid. According to China’s National Bureau of Statistic, the output of refined metal increased by 8.6% and reached 1.25 million tons.
Gold surged 1.7% on Monday, hitting an all-time high of $3,385 per ounce. The hike was fueled by the escalating trade conflict between the US and China.
The US dollar fell to its weakest level since January 2024 as investors sold American assets following reports that President Donald Trump is considering firing Federal Reserve (Fed) Chair Jerome Powell. US stocks dropped 1%, while Treasury yields rose, Bloomberg data showed.
The Russian Ministry of Economic Development has lowered its expectations for the average price of Brent oil in 2025 by almost 17% to $68 per barrel in contrast with the department's September forecast of $81.7 per barrel, Interfax reported.
Speculative traders have boosted their net long positions on the yen to a record high, according to data from the Commodity Futures Trading Commission as of April 15.
More than a third of German companies plan to slash jobs in 2025, according to Reuters experts who reviewed a study by the German Economic Institute (IW).
By the beginning of the second half of April, the EU's underground gas storage facilities (UGS) were only 36% full, 42% below last year's level. At the same time, the volume of gas withdrawals remains almost twice as high as in 2024, despite the heating season ending on March 28.
Japan’s Finance Minister, Katsunobu Kato, denied Donald Trump’s accusations that Japan was deliberately devaluing its currency to give its exporters an edge.
Investors are now turning back to gold as their key safe-haven asset, JPMorgan said in a report released Thursday. The bank noted that significant capital is moving out of Bitcoin into exchange-traded funds (ETFs) and precious metals derivatives.
The world of business and finance is constantly changing. What trends and directions are relevant today? The answer to this question is key to successfully navigating in a trading and investment environment and better assessing the risks involved.
The global economy can be greatly impacted by major events, causing stock markets and exchange rates to plummet. The repercussions of one nation's crisis may extend to other countries, creating a butterfly effect with far-reaching consequences. While these events may be frightening for some, traders and investors use them as a chance to generate profits amidst a crisis.
Financial institutions act as intermediaries between borrowers and lenders. This group typically includes banks, as well as non-bank organizations such as pension funds, insurance companies, credit unions, and pawnshops. By supporting global trade, business growth, and job opportunities, these institutions play a crucial role in maintaining a stable and thriving economy.
All governments serve as regulators for businesses, both domestically and internationally. The economic policies implemented by separate states have a significant impact on their currency exchange rates and living expenses.
Market players are always looking for tools and opportunities to make a profitable investment, which is accompanied by some risks. This is where capital management comes into play, with the goal of minimizing losses and maximizing profits
By closely monitoring worldwide events and economic strategies of the top nations, traders and investors can make well-informed decisions in the financial world
