Brazil’s economic activity grew by 3.4%.
Image Credit: riotimesonline On Friday, the central bank of Brazil stated that the country’s economic activity has grown by 3.4% over the past 12 months through October. The IBC-Br Index […]
US mortgage rates hit 20-year high, squeezing homebuyers and refinancers.
Image Credit: Art Wager/ Getty Images The average long-term US mortgage rate has jumped to 7.09% this week, the highest level in more than 20 years, according to Freddie Mac12. […]
China imports more oil from BRICS members while decreasing supplies from Saudi Arabia.
Image Credit: Energy Intelligence China has imported around 9.2 million barrels of oil last month according to analytics provider OilX. Even though its lower than the previous month by 1.6 […]
India decreases its Saudi oil purchases for Russian oil.
Image Credit: livemint.com Two Indian refiners are expected to buy less crude oil from Saudi Arabia in the coming month, after State oil producer Saudi Aramco raised the official selling […]
Peru declares a state of emergency.
Protests across Peru after price surge in fuel and fertilizer.
Huge anti-government protests in Thailand.
Image Credit: Twitter On Saturday, more than a thousand people headed to the streets of Bangkok to protest against the country’s failure to contain the coronavirus outbreaks and its impact […]
Markets in 2021, Up with the Stairs.. Down with the Elevator
Despite the latest inflation readings and possible rate increases in 2023 (Read more here), markets seems to stubbornly shake it off. This behaviour is clear in the US 10-year yield […]
Bitcoin (BTCUSD) New Bull Run?
After a harsh sell-off that wiped almost $1 trillion in the cryptocurrency market, a new bull run might be in play. Bitcoin fell from its all-time high of $64,700 down […]
Fed Maintains Target range at 0 to 0.25%.
https://thevenneconomy.com/2021/06/16/fed-maintains-target-range-at-0-to-0-25/ Summary of Fed Meeting: The path of the economy will depend significantly on the course of the virus. Seeks to achieve maximum employment and inflation at the rate of […]
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