So many jobs depend on automaking, this is why the industry’s production problems are causing tedious pain to several businesses and organizations. The Opel factory in Eisenach, Germany, is halting production and doesn’t plan to restart until next year. Trouble in the auto industry, a powerful engine of the global …

Hosted by Dubai TV, Mohamed Hashad, Director of Research and Development at Noor Capital, said that there are factors that could pressure oil prices during the upcoming period. Given that it is one of the most traded assets in the markets, it is sensible that oil prices occupy traders and …

The GBP/USD pair is being pressured at the start of the week, down by about 0.3% after sliding from a high of 1.3669 to a low of 1.3608 so far and staying close to a three-week low. Central banks are the focus for the week with uncertainty as to whether …

As Fed’s November meeting looms, spot gold (XAU/USD) prices trade marginally lower on Tuesday, having gradually ebbed in recent hours from the Asian session’s highs in the mid-$1790s to current levels around $1790. Gold prices have been undulating either side of the 200 day moving average (currently at $1792.40). The …

Financial markets stayed calm, on Monday, ahead the storm of three central bank meetings this week; the Reserve Bank of Australia meets Tuesday, the U. S. Fed on Wednesday and the Bank of England Thursday.Global stock markets rose helped by developments on fiscal stimulus and undeterred by concerns of future …

Senator Joe Manchin said, Monday, he does not support the $1.75 trillion social safety net expansion bill Democrats are negotiating until there is greater clarity about its impact on the country’s national debt and the U. S. economy, casting major doubt about whether President Joe Biden can get his agenda …

The Reserve Bank of New Zealand’s governor, Adrian Orr, stated that the unsustainable level of house prices has imposed monetary, financial stability challenges on the country’s economy.House prices and housing affordability are affected by both supply and demand. Prices have become more unsustainable since November 2020. Domestic banks are working …

Natural gas prices increased in West Virginia Monday. The state Public Service Commission approved winter rates and unlike previous years, the rates have significantly increased.With natural gas prices up about four times as much as the price this time in 2020, the utilities are paying more to purchase gas and …

Oil prices settled higher on Monday as expectations of solid winter demand and a belief that a key producer group will not change the current production pace fast helped reverse initial losses caused by the release of fuel reserves by No. 1 world energy consumer China.Brent crude futures settled up …

Commodities are rising again, with copper, aluminum, crude oil, natural gas and wood reaping significant gains compared to pre-pandemic levels.Supply disruptions and a global push toward sustainability may be driving the commodity boom, even as fiscal stimulus and low rate policies also impact the overall economic scene.The U.S. government and …