Crude oil demand in China has been a hot topic of discussion for most of 2024 with fuel consumption likely to remain subdued in the coming months as well. The primary reason for lower demand in China has been declining processing rates in refineries and the growing fleet of electric…
Veteran emerging markets investor Mark Mobius has highlighted US tech companies with a focus on emerging economies as the best investment opportunities for the coming year. According to Mobius, firms leveraging technology to boost productivity, particularly in high-growth markets like China, India, and Southeast Asia, are well-positioned for sustained success.…
Oil was volatile on Friday as prices rose on renewed concerns over supply risks after Israel and Hezbollah traded accusations of ceasefire violations. At the time of writing, the price of West Texas Intermediate crude oil was $69.28 per barrel, up 0.8% from the previous close. Brent crude on the…
On Thursday, Brazil’s government presented a package of measures to save more than 70 billion reais ($11.8 billion) over the next two years. These policies are part of a new fiscal framework that aims to improve the country’s economic health. However, investor reactions have been characterized by uncertainty and worry,…
In recent weeks, the Canadian dollar has been under considerable pressure, weakening past the 1.4 per USD mark and inching closer to its mid-2020 low of 1.41, which was last observed on November 15th. This downturn comes as investors closely digest GDP data that has significant implications for monetary policy…
Wall Street’s major averages rose on Friday at the start of a shortened trading day. At the time of writing, the Dow Jones Industrial Average was up 0.3%, while the S&P 500 index added 0.2%. The Nasdaq Composite index was up 0.1% from the previous close. David Morrison, senior market…
India’s economic growth has decelerated to its slowest pace in almost two years, raising concerns about the nation’s overall economic outlook for the fiscal year ending March 2025. The Statistics Ministry announced on Friday that the Gross Domestic Product (GDP) grew by 5.4% in the three months ending September 2024,…
The oil markets were left on the edge after the Organization of the Petroleum Exporting Countries and allies postponed their much-anticipated meeting on Sunday. OPEC on Thursday said that the ministerial meeting scheduled for Sunday will now be held on December 5. Oil prices have been moving sideways on Friday,…
China has transformed into the world’s largest car producer and exporter, surpassing traditional automotive powerhouses like Germany and Japan. This remarkable rise has been driven by massive government investment, a booming domestic market, and a relentless focus on innovation. China’s domestic market is the world’s largest for cars — nearly…
In recent weeks, the Canadian dollar has been under considerable pressure, weakening past the 1.4 per USD mark and inching closer to its mid-2020 low of 1.41, which was last observed on November 15th. This downturn comes as investors closely digest GDP data that has significant implications for monetary policy…