Joint Venture Carmakers Exit Price War: Not Can't Afford, But Not Worth It
Here is the translation of the provided text into English: Despite the minimal effectiveness of trading price for volume, the price war should come to a halt.The price war is akin to the recent persi...
Oil Prices Soar!
The eastern Libyan government announced it will halt all oil production and exports due to a "central bank dispute"... On Monday, as the political situation in Libya deteriorated, the eastern Libyan g...
Q2 US GDP Revised Up, Gold Dives $10
Consumer spending continues to be robust!The annual growth rate of the U.S. GDP for the last quarter has been revised to 3%, indicating that the economy still has resilience... Data released by the U....
Dream of Rate Cut Shatters! GBP Surges to 2.5-Year High vs. USD
In contrast to the clear "dovish" tone of Federal Reserve Chairman Powell, the market perceives Bailey's comments as seemingly hawkish... On Tuesday, the British pound rose to its highest level agains...
US Buckles Under Pressure? Fed Announces Unexpected Rate Cut
The Federal Reserve's interest rate cut is like a pebble thrown into the pond of the global economy, causing ripples that have captured the world's attention.It's the first rate cut in four years, wit...
US, Brent Oil Plunge 3%!
OPEC has revised down its global oil demand forecasts for this year and next for the second consecutive month, highlighting the challenges it faces in balancing the market.The organization's monthly r...