Economic News Category

The crypto gold standard statement is fading fast The volatility of US-focused financial markets has made at least one point clear: bitcoin is not a “digital gold” or a “store of value,” just two major assertions being made. out about cryptocurrency when its price is rising. At $37,000, late Tuesday afternoon, bitcoin is down 22%

Shares in Hong Kong and Japan fall as Asia-Pacific markets fall on Wall Street volatility Shares in Japan and Hong Kong fell 2% as Asia-Pacific markets fell on Tuesday following a volatile overnight session on Wall Street. Japan’s Nikkei 225 fell nearly 2% as auto and technology shares largely fell, while Topix fell 1.83%. Hong

US housing starts to increase unexpectedly in Multi-family apartment buildings Construction of new homes in the United States unexpectedly picked up in December at the fastest pace in nine months, led by apartment projects and showing that builders were looking to remedy the situation Shortage of materials and labor. According to government data released on

Oil prices fell from 2014 peak, supply limited losses Oil prices corrected on Thursday after hitting their highest since 2014 in the previous session on strong demand and short-term supply disruptions, losses-limiting fundamentals, investors are locking in. word. Brent oil futures fell 72 cents, or 0.81%, to $87.72 a barrel, by 0152 GMT. The global

China’s refinery output in 2021 rises 4.3% to a record high on strong fuel demand China’s refinery output hits a record high in 2021, up 4.3% year-on-year, especially due to strong fuel demand in the first half of the year and as refineries increase. increased processing to fill the supply after the new heavy tax