China’s Gold Splurge Reaches Sixth Month as Reserves Rise Again
Central banks across the world continued to buy gold in the first quarter, adding 228.4 tons to global reserves, up 176% YoY, data from the World Gold Council (WGC) showed on Friday.
India Will Upstage China to Become Most Populous Nation by Mid-2023
India is on track to surpass China by mid-2023 as the world’s most populous nation, United Nations data said Wednesday, raising questions about whether a booming, young Indian population will fuel economic growth for years to come.
Global Banks Pledged to Cut Emissions – but Still Invest Billions on U.S. Gas Exports
According to The Guardian, In March, the Intergovernmental Panel on Climate Change warned any new fossil fuel development is likely to push the earth’s climate past an increasingly dangerous 2 degrees of warming.
Indian RBI May Go in for 25 b.p. Interest Rate Hike in Monetary Policy Meeting Next Month
With retail inflation remaining above the comfort level of 6 per cent and most global peers including US Fed continuing hawkish stance, the Reserve Bank of India too may go in for a 25 basis points hike in the bi-monthly monetary policy to be announced on April 6, opined experts.
Black Wednesday? Credit Suisse Stock Nosedives 78% from 1-year High, Sparks $60 bn Rout in European Banks
Trading was halted in some of the European banks including Credit Suisse on Wednesday March 15 to tame the steep plunging, however, that did not stop the company's stock to hit a record low.
SME IPO: Sealmatic India's Initial Public Offering (IPO) Subscribed by 45% on the First Day.
The issue received strong demand from retail investors.
Economists Project China GDP to Record over 6 Percent Growth at Most in 2023, Injecting Impetus into Global Economic Recovery
International organizations and investment banks intensively raised their projections for China's economic growth in 2023 following impressive recovery of the country's consumption market during the Spring Festival holidays.
China’s Reopening Comes With a $720 Billion Inflation Bomb
In China, the reopening of the economy is coming at a time when its central bank is in easing mode – potentially making it all the more inflationary.
China's Population is Shrinking. The Impact Will be Felt around the World
China may be one step closer to losing its place as the world's most populous country to India after its population shrank for the first time since the 1960s.
Energy Minister Novak Warns that Russian Oil Production Curb Needed
The Kremlin will mandate Russian oil producers to reduce output and avoid compliance to a recently introduced price cap mechanism, according to the country’s deputy prime minister in charge of energy issues Alexander Novak.
Japan Delivered a Cold Shower to Investors Across the Globe
A surprise announcement from the Bank of Japan sent investors spinning and global markets reeling on Tuesday.
Pakistan To Become Sixth-Largest Economy In The World By 2075, Says Goldman Sachs
A research paper published by Goldman Sachs projected Pakistan to be the sixth-largest economy in the world by 2075 given that “appropriate policies and institutions” are in place, local media reported.
What’s The Effect of Russian Oil Price Cap Ban and Whether It’s Attainable?
Western governments have agreed to cap the price of Russia’s oil exports
US’ Ban On Chinese Tech Firms Will Only ‘Hurt Global Value Chain, Get Backfire’
The U.S. Federal Communications Commission (FCC) on Friday banned 5 Chinese firms from selling communications equipment in the U.S., citing the catch-all excuse of “national security” a move Chinese experts warned will only hurt the global value chain and will definitely backfire.