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China’s yearly inflation slightly eased to 2.5% yearly in August, official data showed on Friday. That figure dropped from the highest in two-year July at 2.7% and was under the market estimate of 2.8%. Food prices increased by 6.1%, slowing down an increase of 6.3% in July, which was the highest pace in 22 months. […]
Chinese Foreign Exchange Reserves fall to almost 4-years-low Chinese foreign exchange reserves have decreased for the second month in a row to the lowest since October 2018 when the price of global financial assets fell, according to the government. The data released by the People’s Bank of China showed that foreign exchange reserves decreased to […]
Gold rebounds from Six-Week-Low, Copper increased on Chinese Measures The price of gold recovered sharply from the lowest level of six weeks on Tuesday because the energy crisis that worsened in Europe raised safe-haven demand, while copper extended the benefits of more expectations of Chinese stimulus measures. Read Also: The IMF warns EU countries on […]
When done right, scientific pursuits can help solve some of the most daunting challenges that humans face. But what happens when science is used for sinister objectives, which is always a downside and a potential downside. It can set dangerous precedence which brings us to the Communist Party of China. It is using science to […]
Typhoon Hinnamnor approaches Japan’s Coast: Heavy Rainfall Predicted in China, Japan Shifting focus now the trail of destruction is imminent across southern Japan and parts of South Korea as a super typhoon Hinnamnor now moves through the north through to the East China Sea this weekend. The typhoon Hinnamnor is said to be the strongest […]
Oil’s Selloff on China COVID can send a barrel under $85 The new lockdowns in China caused by dirty COVID extended the sale of oil for the third consecutive day, which increased the probability that the US crude being pushed below $ 85 per barrel since the end of January. Brent crude, a global benchmark […]
Gold sees some relief as Dollar resists 20-year High The price of gold recovered a little on Tuesday, taking some relief because the dollar showed resistance and dropped from the top of 20 years, although the Hawkish signal from the Federal Reserve still burdened the market. Gold at the point increased by $ 1,738.55 per […]
FED uncertainty leads to dropdown in gold prices! Gold prices further fell on Monday as uncertainty persisted on the monetary adjustment path of the Federal Reserve, while copper prices fell on more manufacturing problems in China- a crucial importer. The price of gold spots dropped 0.1% to $ 1,745.46 per ounce, while Gold futures dropped […]
China, US tensions over Taiwan escalate As global tensions over Chinese military drills around Taiwan continue to spike, the relations between world’s superpowers United States and China worsen further. In the latest, China has decided to end cooperation with the United States on several important issues. China’s discontent over US Nancy Pelosi’s Taiwan visit triggered […]