The financial stresses afflicting Chinese property developers may be beginning to spread to more and more weaker borrowers. Highlighting this is the ongoing bond collapse for the Chinese owner of…

A Chinese real estate developer is so desperate for business he recently took out an ad offering to let buyers pay up to almost $24,000 of the purchase price in…

Russia is now the top oil supplier to China after May sales notched a 55% increase year over year. China spent $7.5 billion on Russian oil. This was partly due…

In Sri Lanka, in at least two different incidents, mobs formed around gasoline stations and began to riot, only to see the military respond and open fire. The larger incident,…

The Bank of England has revised its inflation predictions, now saying the UK will have 11 percent inflation rates by the fall. Huw Pill, the chief economist for the Bank…

On Thursday the Bank of England raised its main interest rate a fifth straight time, and issued a forecast predicting British inflation would rise above 11 percent this year. BOE…

Driven by rising inflation, the Swiss National Bank raised interest rates for the first time since 2007, raising the policy rate 0.5%, to -0.25%. The franc immediately rose more than…

China’s economic data was released, and beat downbeat expectations that were based on its stringent lockdowns. According to the numbers, there was a 0.7% rise in industrial production in May…

South Korean Truckers protested for a fourth day Friday, over wages and the rising cost of fuel, as analysts worry this may become a significant threat to the semiconductor industry.…

Left-wing ex-guerrilla candidate for Columbia President Gustavo Petro, has indicated if elected, he will seek to end the country’s sugar and oil industries. In place of the petrochemical industry, he…