THE EUROPEAN Central Bank has moved first to protect global financial markets from the potential chaos caused by Deutsche Bank winding down the trading of $1.1 trillion assets on its balance sheet.
The ongoing trade spat between the world’s two largest economies will restrain the roaring U.S. economy, dulling an expected boost to growth from massive tax cuts passed through Congress just a few months ago, a Reuters poll found.
The second quarter expects to see another gold rally pushed by strong physical demand and the weaker US dollar, according to Boris Mikanikrezai, precious and base metals strategist at Metal Bulletin.
The US debt-to-GDP ratio is projected to jump to 116.9 percent by 2023, leaving behind Italy, according to the International Monetary Fund (IMF).
European markets are set to rise on Thursday morning, as soaring oil prices triggered a broader rally across commodities.
Bitcoin got hammered yesterday after New York Attorney General Eric Schneiderman announced an investigation into some of the major cryptocurrency exchanges.
Oil prices rose on Tuesday, as support from the possibility of supply disruptions and a strong equities market offset the effects of profit-taking following last week's rally above three-year highs.
Donald Trump’s "warning shot" to China and Russia this week on gaming their currencies is more of a damp squib -- at least as far as the world’s second-largest economy is concerned.
The global economy is still on an upswing, but the good times may not last beyond the next year or two.
China's central bank said on Tuesday it will cut the amount of cash most commercial and foreign banks.