$9T Exits India; 665T Gold Arrives in China
On September 25th, spot gold hovered near its historical high of $2,650 per ounce. So far this year, the price of gold has risen by 25% and has set 25 new historical records. However, the recent rise ...
OECD Raises Global Growth Forecast, Cuts US Outlook for Next Year
In 2025, is the US economy slowing down and becoming a "drag" on global growth?On Wednesday, the Organisation for Economic Co-operation and Development (OECD) downgraded its forecast for US economic g...
Economic Gloom Deepens, ECB Mulls "Consecutive Rate Cuts" from Oct Amid Inflation Control Confidence
Signs of a weakening European economy and fading inflation concerns have significantly strengthened expectations for an interest rate cut by the European Central Bank (ECB) in October.On Wednesday, Se...
U.S. Mortgage Rates Drop for 8th Week, New Home Sales Fall, House Prices Slide for 7th Month
Data released by the U.S. Department of Commerce on Wednesday showed that after a significant increase in July, new home sales in the United States fell back in August, highlighting that buyers remain...
Saudi Arabia Hoards Gold, China Sells 41% US Debt, Oil Yuan Rises
On September 25th, just 40 days before the U.S. election day countdown, the veil of the U.S. House of Cards was once again lifted, with another black swan event taking flight. U.S. police have stated ...
Japanese Komatsu vs. China's XCMG: $27B vs. How Much?
When it comes to renowned companies in the field of construction machinery, Komatsu Limited from Japan definitely deserves a mention. Since entering the Chinese market in the late 1950s, Komatsu has b...