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Roundup: U.S. Fed signals March rate hike to combat surging inflation

Roundup: U.S. Fed signals March rate hike to combat surging inflation

2022-01-27 07:43

The U.S. Federal Reserve signaled on Wednesday that the central bank is ready to raise interest rates as soon as March.

Roundup: U.S. crude supplies up, other petroleum data mixed

Roundup: U.S. crude supplies up, other petroleum data mixed

2022-01-27 07:01

U.S. crude oil refinery inputs averaged 15.5 million barrels per day during the week ending Jan. 21.

U.S. stocks end mixed as investors assess Fed statement

U.S. stocks end mixed as investors assess Fed statement

2022-01-27 06:18

U.S. stocks closed mixed on Wednesday as investors parsed the Federal Reserve's latest statement.

Oil prices hit multi-year highs amid geopolitical tensions

Oil prices hit multi-year highs amid geopolitical tensions

2022-01-27 05:36

Oil prices climbed to their multi-year highs on Wednesday as concerns over geopolitical tensions persist.

Microsoft reports surging net income in Q2

Microsoft reports surging net income in Q2

2022-01-26 16:00

SAN FRANCISCO, Jan. 26 (Xinhua) -- Microsoft on Tuesday announced its financial results for the quarter ending Dec. 31, 2021, posting revenues of 51.7 billion U.S. dollars, a 20-percent increase year on year. The companys quarterly net income was 18.

ADB to secure cross-border securities transaction system via blockchain

ADB to secure cross-border securities transaction system via blockchain

2022-01-26 15:03

MANILA, Jan. 26 (Xinhua) -- The Asian Development Bank (ADB) said Wednesday that it seeks to develop ways to directly connect central banks and securities depositories in the ASEAN+3 region within a blockchain network. The ASEAN+3 region consists of

Experts project subdued growth for Dutch economy due to pandemic, inflation

Experts project subdued growth for Dutch economy due to pandemic, inflation

2022-01-26 11:31

THE HAGUE, Jan. 26 (Xinhua) -- The strict measures introduced by the Dutch government to combat coronavirus coupled with a higher-than-expected inflation rate are bound to lead to a lower-than-expected economic growth in the Netherlands in 2022, anal

Chinese company establishes electric vehicle assembling plant in Rwanda

Chinese company establishes electric vehicle assembling plant in Rwanda

2022-01-26 10:51

KIGALI, Jan. 25 (Xinhua) -- Chinese company Tailing Electric Vehicle has established a motorcycle and tricycle assembly plant in Rwanda in a bid to contribute to reducing global emissions and promote green economy. The assembling plant, located in Ga

U.S. stocks close lower as investors eye Fed decision

U.S. stocks close lower as investors eye Fed decision

2022-01-26 09:26

U.S. stocks fell on Tuesday on concerns over hawkish signals from Fed's two-day monetary meeting ending Wednesday.

U.S. crude oil inventories, oil prices down: API

U.S. crude oil inventories, oil prices down: API

2022-01-26 08:26

The American Petroleum Institute (API) on Tuesday reported a decrease of 872,000 barrels of crude oil in U.S. inventories for the week ending Jan. 21.

U.S. dollar ticks up ahead of Fed decision

U.S. dollar ticks up ahead of Fed decision

2022-01-26 06:05

The U.S. dollar edged up in late trading on Tuesday one day ahead of Fed's announcement on the latest monetary policy.

Oil prices gain over 2 pct on elevated geopolitical tensions

Oil prices gain over 2 pct on elevated geopolitical tensions

2022-01-26 05:12

Oil prices posted solid growth on Tuesday as concerns over geopolitical tensions remain.

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