According to data collected by the SWIFT system, the participation of the Chinese currency in international financial transactions has significantly decreased over the past month. The share of transactions using the yuan decreased to 3.6%, which is 1.1% lower than in August. Earlier in July, this figure reached a historic high of 4.7%.Experts cannot yet unequivocally determine the reason for this decline, but some attribute it to the easing of pressure on the yuan exchange rate observed in the f... Read More
The non-manufacturing business in America declined in April but the overall growth over 8 years... Read More
Trade surplus in Australia expanded to its 10-month highs in March due to increase in resource... Read More
Interest rates were kept steady by the Federal Reserve and confidently saying that recent inflation... Read More
The European economy slackened in the first quarter of this year but was able to surpass Britain,... Read More
The services sector in Japan rose at the quickest rate in first half of the year due to more demand... Read More
Household borrowing in Britain fell to its lowest level after 5 ½ years in March. On Tuesday, ... Read More
The service industry in China rose for the month of April based on the official survey on Monday,... Read More
The Lloyds Bank survey indicates that British firms are very optimistic towards its economy. More... Read More
France, the euro zone’s second-biggest economy, unexpectedly slowed down a bit in the first quarter ... Read More
Italian caretaker government already established its updated multi-year economic plan on Thursday.... Read More
The Bank of Canada governor Stephen Poloz said the nation is moving toward a positive note after... Read More
South Korea’s economy had rallied in the previous quarter as health exports were buoyed, government ... Read More
The U.S. economy strengthens following the rebound of the U.S. consumer confidence and... Read More
The economic forecast of German government slid down to 2.3 percent from the previous 2.4 percent... Read More
The consumer prices have weakened in the previous quarter as core inflation lower than the central... Read More
Singapore’s inflation remained subdued in the previous month due to a gradual increase in prices of ... Read More
The central bank of Iran has prohibited trading of cryptocurrencies including Bitcoin due to money... Read More
Manufacturing activity in Japan grew at a faster pace this month compared in March, considering... Read More
Japan apprised its G20 equivalent saying that protectionism and interchange of retaliatory measures... Read More
Economic growth of Germany has the tendency to slow down gradually in Q1, however, the upswing in... Read More
Following a loose monetary policy for a decade, the Federal Reserve will probably increase their... Read More
The jobless rate in Australia was unchanged in March compared with the revised forecast in the past... Read More
The International Monetary Fund issued its two-yearly assessment for New Zealand and showed that... Read More
China’s economy advanced at a slightly faster-than-anticipated rate of 6.8 percent in the first q... Read More
The recent forecasts show that economic data continue to feel the impact of the cold weather... Read More
The annual inflation in Malaysia is anticipated to rise by 1.6 percent in March which has risen to... Read More
Chinese economy slowed down gradually in Q1 due to government struggle over credit and financial... Read More
China’s exports dropped unexpectedly in March which has been drop over a year since February 2017. T... Read More
Based on the survey of company directors, the optimism on the British economy has improved compared... Read More
The central bank of South Korea kept their interest rates unchanged on Thursday as Governor Lee... Read More
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