Saudi Energy Minister Prince Abdulaziz bin Salman said on Monday it was up to the United States whether or not to withdraw more supplies from its strategic oil reserves. The administration of US President Joe Biden said in November that it would withdraw about 50 million barrels from its reserves …

Official data showed today, Monday, that China’s economy achieved stable growth in 2021 despite challenges, including the re-spread of the epidemic and the complex external environment. According to the National Statistics Authority, China’s gross domestic product rose 8.1 percent year on year to 114.37 trillion yuan (about 18 trillion US …

Oil prices rose on Monday, with Brent futures reaching their highest levels in more than three years, as investors bet that supplies will remain limited due to pressures on production from major producers, while global demand was not affected by the spread of the new mutant Omicron from the Coronavirus. …

The People’s Bank of China set the exchange rate of the yuan against the US dollar at 6.3599 yuan per dollar, at the same time, expectations were for the Chinese yuan to stabilize against the dollar at 6.3604 yuan per dollar, and the previous value of the yuan was 6.3677 …

Japanese Prime Minister Fumio Kishida said on Monday that the coronavirus response is the government’s highest priority, as reported by Reuters. “Serious shortage of hospital beds needs to be avoided at all cost,” Kishida added and noted that they will bring forward COVID-19 vaccination booster shots for the elderly and …

US Retail Sales fell by 1.9% MoM in December, according to data published by the US Census Bureau revealed on Friday. That was well below market expectations for a MoM decline of -0.1% and marked a sharp deceleration from November’s growth rate of 0.2% (downwardly revised from 0.3%). That meant …

In December, Chinese exports rose more than analysts’ expectations, while imports rose less than expected. On Friday, the Chinese Customs Administration revealed, in a statement carried by CNBC, that exports rose by 20.9 percent year on year last month to $340.49 billion, against expectations of a 20 percent increase, compared …

The US dollar fell on Friday for the fourth session in a row, hitting its lowest level in more than two months, as investors took the view that most of the recent tightening tendency from the US central bank was already factored in. On Friday, the dollar index fell 0.2 …

Preliminary data on Friday, January 14 showed that the German economy grew by 2.7% in 2021 after another year of rising Covid-19 cases, pandemic-related restrictions, and supply chain stresses, in line with expectations. This comes after the eurozone’s largest economy contracted by 4.6% in 2020, the first year of full …

European shares fell on Friday after comments pointing to tightening monetary policy from US central bank officials, which reinforced concerns about the repercussions, while German SAP reported strong quarterly profits in the cloud database sector. The pan-European STOXX 600 index fell 0.7 percent, following the path of declining global markets, …