Fed announces rate hike by 75 basis points
The U.S. Federal Reserve announced on June 15, local time, that it would raise the benchmark interest rate by 75 basis points to an annual level of 1.5-1.75%. This is the largest rate hike by […]
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Baker Hughes stops servicing Russian LNG projects
According to the Russian “Kommersant” on the 16th, citing sources, the American Baker Hughes company stopped providing services for all Russian LNG projects. In addition, there are plans to recall service engineers for a range […]
Russian ruble surges 200% against dollar
It has plummeted by about 50% and rebounded by nearly 200%. Since the beginning of this year, the exchange rate of the Russian ruble against the US dollar has been on a “V”-shaped roller coaster. […]
Deutsche Bank: Japan’s financial markets on the brink of systemic collapse
Deutsche Bank warned that the Bank of Japan’s bond-buying policy to achieve its yield curve control (YCC) target could cause financial markets “dramatic , unpredictable nonlinear” fluctuations, and the yen completely lost its fundamental valuation […]
Dow Jones jumps 100 points as market shakes off Target warning
U.S. stocks edged higher late Tuesday, with the Dow up 100 points. The market appeared to shake off Target’s earnings warning. U.S. Treasury Secretary Yellen said the U.S. is facing an “unacceptable level of inflation” […]
Biden considers removing increased tariffs on China
On June 5, U.S. Commerce Secretary Gina Raimondo said in an interview with CNN that President Biden has asked the Commerce Department to consider canceling some of the tariffs that former President Trump imposed on […]
International oil prices turn from rising to falling
As investors took profits after oil prices rose, international crude oil futures prices rose in the overnight market. On the 6th, intraday fluctuations weakened and turned from up to down. At the close, international oil […]
EU to speed up trade talks with Australia, New Zealand
According to Agence France-Presse reported on June 3, a senior EU official said on the 3rd that the EU will step up efforts to finalize trade talks with Australia, New Zealand and Chile, while ensuring […]
One-third of single women in Japan are in poverty, and more and more people are selling themselves to engage in custom business
Under the epidemic, the yen has depreciated, but wages have not changed. Every ordinary person’s life seems to be getting more stretched because all the consumer prices are going up… With one exception – Only […]
Can Vietnam’s per capita GDP catch up with China in 50 years?
Vietnam is one of the most dazzling emerging economies. Many people say that Vietnam’s economy will catch up with my country’s. Vietnam’s population is less than one-fourth of my country’s, and it is now a […]