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Friday, December 3, 2021

Electricity Crisis Eases, Chinese Factory Activities Gradually Improve

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Official data released Tuesday (30/11) showed that manufacturing activity in China edged up in November. This increase was supported by an easing of electricity...
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Oil Price Continued to Fall Amid Omicron Concerns, OPEC+ Meeting in Focus Starting Wednesday

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According to Financial Times, the chief executive officer of Moderna, Stéphane Bancel, issued a warning that the existing vaccine will not be effective against...

Omicron variant: Could be another good reason for OPEC to halt production?

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During Black Friday last week, just as people were excited and cheering about holiday travel and retail shopping, a new variant emerged from South...
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Gold Price Hikes Amid Concerns Over New COVID Variant

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The prices for gold have risen on Friday afternoon's trading due to concerns over the risk of global economic recovery being potentially hit hard...

Lowest World Oil Prices in the Last 2 Months

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Reported on Friday (26/11). World oil prices hit their lowest level in two months following the issue of a new variant of the Covid-19...

US Economy Ends 2021 on Strength

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The decline in claims for jobless benefits reported by the US Department of Labour on Wednesday (24/11), was driven by the difficulty of adjusting...
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The Gamble of SPR, Is it Worth it?

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Over this Tuesday, the White House announced a report detailing a coordinated Strategic Petroleum Reserve (SPR) release with other Asian countries to combat inflation,...

Estimated, Jerome Powell Will Be More Aggressive Against Inflation

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Powell has remained adamant for months that current inflation is only temporary. He said the Fed would be patient in deciding when to start...
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Indonesia Will Maximize G20 2022 for Economic Recovery

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It has been recently announced that Indonesia will be the upcoming host for G20 Summit 2022, which will be held in Bali precisely. Indonesia will...

“Cryptocurrency is Prohibited” According to Indonesia Council of Ulema

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  The Indonesian Ulema Council (MUI) has issued a legal fatwa for cryptocurrencies. MUI forbids the use of cryptocurrencies or cryptocurrencies as currency. The Fatwa...

China Keep Pushing Cryptocurrency Out Of Their Country

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China is keeping determined to suppress the existence of Bitcoin, Ethereum, and other cryptocurrencies in its country. This has to be done in order...

UK Inflation Soars Up To 4.2%

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Britain's inflation rate jumped to 4.2%, near its highest level in a decade in October. This is due to high energy bills and a...

US Retail Spending Remains High

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  Over the past month, US retail sales remained high, despite the scarcity in some goods sectors as well as rising inflation. The US Department of...

Crazy Bets on Oil continued, some option traders eyeing 250 dollars for Brent Crude

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As inflation soars and supply dwindles from global inventory, traders are eager to bet oil price rising to higher levels. According to Markets Insider,...

Artist Beeple’s Real-Life NFT ‘Human One’ Sells for $28.9 Million

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A 3-D video sculpture created by an artist called Beeple has sold for $28.9 million to an NFT bidder in Switzerland. The auction went...
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Cold weather forecast and conflict in Europe over Russian Pipeline sending natural gas price...

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According to World Oil, temperatures are set to drop starting this week. In Europe, France, Spain, and Germany are forecast to be colder than...

Asia-Pacific Shares Mixed As Investors Monitor Biden-Xi Talks

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Asia-Pacific shares were mixed on Tuesday morning as investors monitor the virtual meeting talks between the US president and the Chinese president. The meeting...

Google to Invest $740m in Australia for “Digital Future Initiative”

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Google, the US technology giant, has announced it would be investing about A$1bn (the equivalent of $740m) in Australia. The investment is regarded as...