American stock markets fell this afternoon after manufacturing in the world’s largest economy contracted for a fifth month in a row. More than £220bn was wiped...
Overall cost of living has climbed some 20 per cent since the start of the pandemic in 2020. | Photo: Shutterstock 4 min read Last Updated...
Fed Chair Jerome Powell is expected to further pin down the view that the central bank is about to start to loosen credit conditions after taming...
Global stocks plunge amid fears of US ‘collapse’ – latest updates Jump to content
Asian markets tumbled after a tech-fuelled sell-off on Wall Street, as disappointing results caused traders to panic that a months-long rally in the sector may have...
This could result in increased pressure on global stock markets. The Great Recession of 2008-2009 left its scars unhealed, and the Covid-19 economic downturn dealt the...
The US-Saudi Petrodollar deal established on June 8, 1974 was an agreement through which Saudi Arabia agreed to trade crude oil in US dollars in exchange...
The term ‘petrodollar’ denotes the use of the US dollar as the currency for global crude oil transactions. The petrodollar deal, signed between Saudi Arabia and...
The chairman of the US Federal Reserve has warned the battle to tame inflation is not over as policymakers signalled the central bank would cut rates...
The United States is merrily chipping away at the pillars that hold up the dollar as the world’s reserve currency, with the latest blows coming from...
5 min read Last Updated : May 28 2024 | 11:49 PM IST U.S. consumer confidence unexpectedly improved in May after deteriorating for three straight...
News of housing crises, worker exoduses, and slashed budgets tells a tale of the slow decline of US cities. But Oxford Economics, a research and advisory...