Reuters Says New Highs Await Gold In 2024
This week, Reuters reported that as uncertainty about the prospects for the global economy fester, the safe-haven demand generated by that sentiment is expected to send gold to even higher…
In Malaysia, McDonald’s Sues BDS Malaysia For Boycott
On Sunday, Reuters reported that according to court documents, McDonald’s Malaysia in suing the Boycott, Divestment, and Sanctions (BDS) Malaysia movement for inflicting damage on its business by posting a…
Oil Pops Off Naval Clash With Houthis In Red Sea
Oil began the year with a surge, rising 1% on Tuesday after a naval clash in the Red Sea focused investor attention on possible Middle East supply disruptions and expectations…
President Putin Says After “Structural Shift” Russian Economy Is Growing
On Monday, during a visit to Vishnevsky Military Hospital in Moscow, President Vladimir Putin said the Russian economy was doing quite well and expanding rapidly despite the imposition of Western…
China On Track To Be No. 1 Exporter Of Automobiles
On Friday, Nikkei Asia reported that according to preliminary data from the China Association of Automobile Manufacturers (CAAM), China is presently poised to become the world’s largest car exporter this…
FT Survey Sees Bleak 2024 For Eurozone
A new survey from the Financial Times of 48 economists predicts that the Eurozone’s 20-nation bloc will see only moderate economic growth, growing only 0.6% in 2024. There were more…
Dollar’s Share Of Global Reserves Continues To Decline
According to the newest data released by the International Monetary Fund (IMF), the US dollars share of global bank reserves has continued to decrease, plummeting to 59.2% for the third…
Russian Natural Gas Production Continues To Increase
According to a new report in the business daily Kommersant this week which quotes official data, for the fourth month in a row in November, Russia’s natural gas production has…
Houthi Rebels Strike One Container Ship In Red Sea, US Navy Downs Two Missiles
US Central Command has announced that an American destroyer downed two anti-ship ballistic missiles launched from Yemen Saturday, after responding to a distress call from yet another container ship which…
China Factory Activity Sees Worst Contraction In Six Months
Pressure is mounting on the Chinese government to take stronger action to support the nation’s economy after December’s factory activity contracted to the lowest level in six months. According to…
