The ECB should be ready to reduce the cost of borrowing to just below 2% per annum in order to offset the risks caused by global trade conflicts, said Pierre Wunsch, head of the Central Bank of Belgium. According to him, the current economic uncertainty and the resulting shocks require additional support. As one of the steps, Wunsch mentioned a reduction in the deposit rate, which has already been reduced by the ECB from 4% to 2.25% since June last year.Wunsch's statements indicate a revision of... Прочетете още
Today, Donald Trump will officially take office as the 47th President of the United States. The... Прочетете още
Trading on January 16 on the American stock markets ended with different dynamics. The S&P 500... Прочетете още
Europe is significantly increasing its purchases of Russian gas in 2025, spending billions of... Прочетете още
India may face an «oil shock» due to the impending US sanctions against Russian oil. The era of c... Прочетете още
China's GDP grew by 5.4% in the fourth quarter of 2024, exceeding the projected 5% and figures from... Прочетете още
Elon Musk continues to face difficulties in preparing for a mission to the moon. The seventh test... Прочетете още
Saudi Arabia's Energy Minister Abdulaziz bin Salman said that oil has lost its importance as the... Прочетете още
Inflation in Germany in December 2024, calculated according to EU standards, was 2.8% year-on-year,... Прочетете още
Bitcoin continues to hold near the psychological mark of $100,000. Its rapid intraday growth was... Прочетете още
The price of gold reached its highest level in the last month during trading in Asia on Thursday.... Прочетете още
US President Biden summed up the results of his presidency. In his statement, the Democrat noted... Прочетете още
December data on a slowdown in inflation in the UK led traders to predict a further reduction in... Прочетете още
The German economy contracted for the second year in a row, remaining the weakest among the... Прочетете още
French Prime Minister Francois Bayrou expressed his readiness to review the pension reform in order... Прочетете още
The cost of oil transportation is showing a noticeable increase, which is associated with forecasts... Прочетете още
Damage from fires in California continues to grow and may reach $275 billion. Damage estimates are... Прочетете още
Chinese state-owned oil corporations, as well as large private refiners, are actively buying up oil... Прочетете още
The yield on Japan's 40-year government bonds has reached a record high since they entered the... Прочетете още
Gas prices in Europe increased by 6.5% during trading, reaching $509 per thousand cubic meters,... Прочетете още
On Tuesday, the Indian rupee hit a record low, under pressure from high demand for the dollar. This... Прочетете още
A campaign to impose new sanctions against Russian gas and LNG is gaining momentum in Europe. Ten... Прочетете още
OpenAI management is organizing events in Washington and two key U.S. states to strengthen support... Прочетете още
On Monday, the US dollar strengthened, forcing other currencies to reach multi-year lows. Its... Прочетете още
Asian stock markets have fallen for the fourth consecutive session amid weakening expectations for... Прочетете още
The global oil market expected an oversupply and stable prices in 2025, but new US sanctions... Прочетете още
57.3% of Greenlanders support joining the United States, 37.4% are against, according to a survey... Прочетете още
The British pound continues to lose ground, showing a noticeable lag behind the trajectory of UK... Прочетете още
Shares of Generac Holdings Inc. rose 1.7% in the pre-trading session on Friday amid the devastating... Прочетете още
Oil prices showed steady growth on Friday, with Brent quotes exceeding $79 per barrel for the first... Прочетете още
The People's Bank of China announced the suspension of purchases of government bonds to limit... Прочетете още
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