According to data collected by the SWIFT system, the participation of the Chinese currency in international financial transactions has significantly decreased over the past month. The share of transactions using the yuan decreased to 3.6%, which is 1.1% lower than in August. Earlier in July, this figure reached a historic high of 4.7%.Experts cannot yet unequivocally determine the reason for this decline, but some attribute it to the easing of pressure on the yuan exchange rate observed in the f... Leer más
The negotiated wages in Germany climbed by 2.8 percent in the first quarter which has significantly... Leer más
ECB President Mario Draghi stressed in a statement made last Monday that the eurozone is still in... Leer más
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Amidst the ongoing G-7 summit in Italy, US President Donald Trump has stated via his adviser that... Leer más
Oil prices declined by 5 percent following the extension of production cuts by Opec causing other... Leer más
The South African Reserve Bank kept its interest rates unchanged on Thursday as it played down the... Leer más
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The credit rating of China was downgraded by Moody’s Investors Service on Wednesday, the previous A... Leer más
Fed officials are now more than ready to raise its short-term interest rates after stating in... Leer más
On Tuesday, the U.S. spending reserved for foreign aid for Mexico and Central America are to be... Leer más
Two surveys conducted by American businesses this month and showed that the US economy continued to... Leer más
British people could possibly face a period of living squeeze as the UK consumer prices are now... Leer más
The Organization of the Petroleum Exporting Countries together with its partners are about to... Leer más
Intercontinental lenders in Greece has a comprehensive meeting discussing debt sustainability on... Leer más
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Exports from Japan notably increased for five consecutive months indicating a strong offshore... Leer más
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The extension of production output cut from big oil producing countries caused the oil prices to... Leer más
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The Malaysian economy gained momentum during the first quarter which is anticipated to be reflected... Leer más
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The Trump administration has recently informed its senators that it is now considering enforcing... Leer más
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The April reading for the US industrial production data recorded a significant surge compared to... Leer más
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Aside from the victory of Portugal in the Eurovision Song Contest, its economy accelerated at its... Leer más
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