BEIJING, Nov 8 (Reuters) – China’s central bank will likely move cautiously on loosening monetary policy to bolster the economy, as slowing economic growth and soaring factory inflation fuel concerns over stagflation, policy sources and analysts said. Momentum is faltering in the world’s second-largest economy due to fresh curbs to control COVID-19 outbreaks, power shortages...Read More

Oct exports +27.1% yr/yr vs +24.5% forecast, +28.1% in Sept Oct imports +20.6% yr/yr vs +25.0% forecast, +17.6% in Sept Oct trade surplus at $84.54 bln, vs $65.55 bln forecast BEIJING, Nov 7 (Reuters) – China’s export growth slowed in October but beat forecasts, helped by booming global demand ahead of winter holiday seasons, an...Read More

In America, 10% of the population controls half of the wealth. Corporations grow to enormous sizes, destroying small business competition. Capitalism is doing something dangerous to our free-market economy.  The debate around capitalism is admittedly trite. However, I want to defend free-market economics and clear its name from capitalists who falsely praise it and socialists...Read More

Despite positive economic data from the world’s largest economy, the US Dollar Index fell to 94.2 index points, down by over 140 basis points on Friday. In a better-than-expected US nonfarm payrolls report, more than 425K new jobs were added to the economy, giving the US Dollar Index a boost to new yearly highs, around...Read More

              Forgive senior Saudi officials for their head-scratching in response to the simultaneous and contradictory demands from the Biden administration that Riyadh’s royals pump more oil into the world economy while reducing carbon emissions. In my travels over the last two weeks — first to Riyadh to hear Minister of Energy Prince Abdulaziz bin Salman...Read More

Investors propelled US stocks to a record high last week, buoyed by declining unemployment and advancements in the treatment of Covid-19 giving hope to a resurgent economy. The S&P 500 index of blue-chip US stocks, seen as a benchmark for the health of corporate America, rose 2 per cent for the week to Friday, its...Read More

Class conflict and economic hardship in ‘Squid Game’ is real for many South Koreans  NPR Read more…Read More

The reopening of the land border between Mexico and the United States for non-essential trips on November 8, will bring with it a rise in the value of the dollar, said the economist Domingo Ramos Medina. In an interview for the newspaper El Sol de Mexico, the expert commented that possibly the American currency remains...Read More

Joe Biden touts US economy as job growth regains momentum US employment increased more than expected in October as the headwinds from the summer surge of Covid-19 infections subsided. By Joshua… Read more…Read More

David Solomon, the chief executive of Goldman Sachs, said last month that his firm would continue funding fossil fuel companies, stressing that not doing so would lead to much higher prices. “We have to balance good public policy with the short-term implications and that’s why it is a transition,” he said. “If we’re too aggressive...Read More