Biden, Urged Not to Reduce Biofuel MandatesCommodities

Biden, Urged Not to Reduce Biofuel Mandates

A group of U.S. Democratic lawmakers have asked President Joe Biden not to cut the amount of biofuels that oil…

Slowing Growth, Rising Inequality in East Asia:  World BankEconomy

Slowing Growth, Rising Inequality in East Asia: World Bank

Major setbacks in East Asian countries in recovering from coronavirus add to concerns that the resurgent pandemic will widen the…

Euro to Dollar Exchange Rate Fell ahead of the ECB ForumForex

Euro to Dollar Exchange Rate Fell ahead of the ECB Forum

On Tuesday, the euro to dollar exchange rate traded lower as market participants looked forward to the European Central Bank’s…

Wells Fargo Stocks Declined as it Settled a $37 Million FineNews

Wells Fargo Stocks Declined as it Settled a $37 Million Fine

On Tuesday, Wells Fargo stocks declined as the bank settled a $37.00 million fine from a government lawsuit.  The third-largest…

Brent Oil on Course for $80 a BarrelCommodities

Brent Oil on Course for $80 a Barrel

Brent was at its highest since October 2018 and was headed for $80 a barrel helping oil prices to rise…

German Inflation could Accelerate and Stay above 2%Economy

German Inflation could Accelerate and Stay above 2%

German inflation is likely to speed up further and stay above 2% through mid-2022, exceeding the European Central Bank’s (ECB)…

Evergrande Group Rebounds as its NEV Unit Shares PlungeNews

Evergrande Group Rebounds as its NEV Unit Shares Plunge

On Monday, China Evergrande Group rebounded while its new energy vehicle (NEV) unit sharply plunged.  The embattled real estate developer…

Yen Exchange Rate Slips as Evergrande Contagion Fears AbateForex

Yen Exchange Rate Slips as Evergrande Contagion Fears Abate

On Monday,  the yen exchange rate slipped as the China Evergrande contagion fears started to ease. Moreover, the USD/JPY pair…

Oil Prices Steady as Output StumblesCommodities

Oil Prices Steady as Output Stumbles

Oil was headed for a third straight week of gains and prices steadied near a two-month high above $77 a…

The Greenback Wallows Near a Week Low as Taper Fears EaseForex

The Greenback Wallows Near a Week Low as Taper Fears Ease

On Friday, the greenback wallowed near a one-week low after traders mostly brushed off their tapering fears. The US dollar…