Trading in U.S. dollars, the euro, and Hong Kong dollars was brought to a...
Saudi Arabia Opts Out of 50-Year Petrodollar Deal with US, Paving the Way for Diversified Currency Usage
Saudi Arabia has made the strategic decision to not renew its long-standing 50-year petrodollar...
US Inflation Subsides as Energy Price Drops in May
The latest data from the Labor Department indicates that in May, the consumer price...
World Bank Raises Global GDP Outlook for 2024, Further Cuts Thailand’s Growth
The World Bank has adjusted its 2024 global growth forecast slightly upwards, influenced by...
Biden Administration Considers Tightening Restrictions on China’s Access to AI Chip Technology
According to sources familiar with the matter, Bloomberg News reported that the Biden administration...
Fed Is Expected to Hold Interest Rates Steady Amidst Inflation Concerns and Strong Labour Market
Numerous analysts predict that the Federal Open Market Committee (FOMC) will maintain its benchmark...