UK shop price inflation holds at 0.2% in July
UK shop price annual inflation remained unchanged at 0.2 per cent in July, matching its lowest rate since October…
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geopolitical tensions
Yen surges amid escalating Middle East tensions
The Japanese yen surged on Monday, reversing earlier losses, as geopolitical tensions in the Middle East prompted…
China likely to resume gold buying despite recent pause
China is likely to resume its significant gold purchases, despite a recent pause.
China’s Ganfeng Lithium plans to build derivatives desk
Ganfeng Lithium Group Co. is considering setting up a derivatives-trading desk to manage risk in response to market…
French GDP growth to reach 1.3% by ’25 – IMF
The French economy will see growth gradually increase to 1.3 per cent by 2025, starting at 0.9 percent in 2024,…
Global trade may reach $32t in ’24 – UNCTAD report
UNCTAD forecasts global trade to reach almost $32 trillion in 2024, but it is not expected to exceed the 2022…
S. Korea’s c. bank warns of renewed won weakness
The Bank of Korea (BOK) expressed concerns about the Korean Won (KRW) facing downward pressure in its financial…
Afreximbank: Africa’s economies expected to grow by 3.8% in ’24
African economies are expected to grow by 3.8 per cent in 2024, exceeding the global forecast of 3.2 per cent, with…
Asian gold demand soars despite record prices
Gold demand across Asia is surging despite hovering near record highs $2,300 per ounce set in May, driven by…
IMF praises Philippine economic resilience despite challenges
The International Monetary Fund (IMF) praised on Monday the Philippine economy’s resilience despite global…