China’s imports of Russian crude oil in May hit a record for one month of 8.42 million tons (about 1.98 million barrels per day), up 55 percent from the same month in 2021, according to Chinese customs data. Customs data released on Monday also showed that China imported 260,000 tons …

Cryptocurrency bitcoin rose 5.69 percent to $2,045.29 by 2003 GMT Sunday, up $1,079.23 from its previous close. With this, Bitcoin, the largest and most popular cryptocurrency in the world, is up 13.9 percent from this year’s low of $1,7592.78, which it hit on Saturday. Ether rose 10.42 percent to $1,100.07 …

Russian President Vladimir Putin said Friday that the European Union has lost its “political sovereignty”, in a belligerent speech at Russia’s annual economic forum. Putin criticized the union’s economic policies such as “money printing” to tackle rising inflation. Putin also attacked the West for blaming it personally for its economic …

The Japanese yen fell 1.9% on Friday after the Bank of Japan bucked a wave of monetary tightening and stuck to an ultra-low interest rate, while currency markets looked poised for another choppy session after a series of rate hikes this week. The surprise decision of the Swiss National Bank …

European shares rose on Friday but headed for sharp weekly losses after a series of interest rate increases from major central banks fueled fears of a sharp economic slowdown. The pan-European Stoxx 600 index rose 0.8 percent in volatile trading, but it is still heading for a weekly decline of …

Oil prices rose on Friday, supported by tight supplies and new sanctions on Iran, but prices are on track for a weekly decline after major central banks raised interest rates, which raised fears of a sharp economic slowdown. Brent crude rose 62 cents, or 0.5 percent, to $ 120.43 a …

The price of gold fell on Friday, due to the impact of the rise in the dollar and US Treasury bond yields on the demand for the precious metal priced in the US currency, and prices are heading for the largest weekly decline since mid-May. And gold fell in spot …

Japan’s Nikkei on Friday posted its biggest weekly drop in more than two years, tracking Wall Street’s decline, even as the Bank of Japan kept massive stimulus. The Nikkei index closed down 1.77 percent at 25,963 points, its lowest closing level since May 12, after falling by 2.7 percent earlier …

Oil, Crude, trading

The British pound reached the official target at 164.65, surpassing the target to record its highest level of 165.75. Technically, we tend to the positivity, relying on the pair’s success in stabilizing above 163.65, accompanied by obtaining a positive stimulus from the 50-day simple moving average, which returned to hold …