World Economic Magazine

Oil rises on OPEC warning and easing of Shanghai COVID curbs

Oil prices climbed on Tuesday as Shanghai's relaxation of some COVID-19 restrictions eased concerns about Chinese demand and as OPEC…

5 years ago

Cryptoverse: 10 billion reasons bitcoin could become a reserve currency

A crypto platform's pledge to amass $10 billion worth of bitcoin to back its own "stablecoin" is firing up the…

5 years ago

Euro slips vs dollar ahead of expected red-hot U.S. inflation

The euro fell on Tuesday unable to hold on to the post-French election gains, as the dollar held firm supported…

5 years ago

Sri Lanka unilaterally suspends external debt payments, says needs money for essentials

Sri Lanka's central bank said on Tuesday it had become "challenging and impossible" to repay external debt, as it tries…

5 years ago

U.S. yields near 3-year high, euro stronger after French election

U.S. Treasury yields rose to multi-year highs on Monday, while the euro strengthened and the spread between French and German…

5 years ago

Oil slides on release of strategic reserves and China lockdowns

Oil prices dropped by more than $2 a barrel on Monday after a second straight weekly decline on plans to…

5 years ago

SocGen quits Russia with sale of Rosbank to oligarch Potanin

French bank Societe Generale said on Monday it would quit Russia with a deal to sell its stake in Rosbank…

5 years ago

Exclusive: Senior EU officials were targeted with Israeli spyware

Senior officials at the European Commission were targeted last year with spy software designed by an Israeli surveillance firm, according…

5 years ago

Rouble falls sharply as Russia relaxes some capital controls

The Russian rouble weakened sharply in jittery trade on Monday, reversing some of the previous week's gains, after the central…

5 years ago

Dollar index touches 100 for first time in nearly two years

The U.S. dollar index strengthened to 100 for the first time in nearly two years on Friday, supported by the…

5 years ago