Tag Archives: Europe

The latest decisions taken by Beijing to revitalize the Chinese economy are having a noteworthy impact on the international market. China’s economy, the second largest worldwide, has a lot of ramifications, particularly for Western businesses who have a lot of exposure to the area. Let’s examine how this stimulus can …

Chip stocks dropped on Wednesday on the announcement by ASML, a significant manufacturer of machinery used in semiconductor manufacturing, of a 61% sequential decline in bookings for the first quarter. The equipment required to produce the world’s most sophisticated semiconductors, which may cost hundreds of millions of dollars apiece, are …

Oil prices declined on Wednesday due to a surprise increase in US crude stockpiles, raising concerns about demand in the largest oil market. The EIA report highlighted investor concerns of slowing demand growth, with US crude inventories rising by 1.3 million barrels in the week ended January 5 to 432.4 …

The United States has become the world’s largest exporter of liquefied natural gas for the first time ever, surpassing top suppliers Australia and Qatar. This surge in LNG exports is driven by Freeport LNG’s return to full service and robust global demand, particularly from Europe. With an average of 13.25 …

During the US trading session, natural gas prices dropped 10%, taking over from the European session. The US Dollar is steady ahead of US CPI and the last Fed’s policy meeting for 2023. A COP28 draft agreement is set to be presented, with fossil fuels set to be reduced instead …

Concerns regarding Germany’s recovery, which is anticipated to be challenging, are growing. Due to a combination of rising interest rates, weak global orders, and high energy costs, Germany’s economy has been among the weakest in Europe this year.Given a combination of rising interest rates, weak global orders, and high energy …

The Kremlin said on Wednesday that it is difficult to underestimate the importance of coordination between Russia, Saudi Arabia and other partners on global oil markets amid the escalation of the conflict between Israel and the Palestinian Islamic Resistance Movement (Hamas). Kremlin spokesman Dmitry Peskov added to reporters in a …

The Chinese Renminbi may continue to weaken as foreign direct investment in China declines as a result of animosity from the Chinese government and a deteriorating domestic economy, according to several economists. From $400 billion in yearly direct investment in 2020 to $20 billion in 2023, this decline reflects a …

On Friday, October 6, the Russian government lifted the ban on diesel exports via seaborne pipelines, removing most of the restrictions that were implemented on September 21. Restrictions applied to gasoline exports remain in place. Diesel is the largest portion of Russia’s exports of petroleum products, amounting to about 35 …

Russian President Vladimir Putin has ordered the government to provide state funding to ensure a smooth heating season, including by imposing regulations on the prices of fuel oil for home heating in some regions, the Kremlin said on Thursday. Russia has been facing a fuel shortage and rising prices in …