Gas Prices Set To Begin Rising Again
Just as gas prices began to stabilize, consumers are about to see them start to rise again. New data from AAA showed that the national average for gasoline is now…
Volkswagen Cuts Sales Forecast, Loses Dominance In China
Auto giant Volkswagen saw shares slipping following the slashing of its global delivery forecast as it tries to control higher input costs and implement a new strategy in the Chinese…
Stocks Rally As Inflation Data Shows Cooling
On Friday, stocks rebounded after the core PCE, the Federal Reserve’s preferred means of measuring inflation showed price pressures continuing to cool in the US. Released on Friday, the Personal…
ECB Hikes Rates To Record Highs
On Thursday, for the ninth consecutive time, the European Central Bank (ECB) hiked interest rates, following a policy of further tightening amid a stubbornly high inflation, as the risks of…
AFROCOM Head – BRICS Currency Will Replace SWIFT In New Non-Western World
In an interview with Russia Today (RT) on Friday, Igor Morozov, the head of the Coordinating Committee for Economic Cooperation with African Countries (AFROCOM), said that as the unipolar world…
Russia Looks To Leave Use Of Dollar In Trade With Africa
One of Russia’s top bankers said Thursday that one of the topics on the agenda for the ongoing Russia-Africa summit will be the use of alternative payment mechanisms in mutual…
Stocks Fall Despite Hopes Of End To Rate Hikes For The Year
On Thursday, stocks gave up early gains to close sharply negative, despite optimism over hopes that the Federal Reserve will pause its campaign of rate hikes this year, and an…
French Economy Expands 0.5% In Q2
A new batch of preliminary data from the INSEE statistics agency released on Friday showed that the French economy grew significantly more than analysts had expected in the second quarter,…
Toyota Sales Rise 5.1% Globally
Aided by an easing of semiconductor supply constraints, and much stronger Japanese demand, Japanese automaker Toyota Motor reported Friday that sales over the first half of 2023 were up 5.1%…
Amundi Inflows Beat Expectations
The largest fund manager in Europe, Amundi, reported inflows which beat expectations for the quarter on Friday, as an appetite for risk-averse assets drove a 1.9% year over year growth…
