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U.S. stocks fall amid tech sell-off

U.S. stocks fall amid tech sell-off

2022-01-14 05:31

U.S. stocks sank on Thursday, pressured by overall weakness in tech names.

Oil prices drop modestly after mixed U.S. inventory data

Oil prices drop modestly after mixed U.S. inventory data

2022-01-14 05:25

Oil prices retreated on Thursday after the latest U.S. fuel inventory report painted a mixed picture.

Global economy projected to grow by 4 pct in 2022, 3.5 pct in 2023 -- UN report

Global economy projected to grow by 4 pct in 2022, 3.5 pct in 2023 -- UN report

2022-01-14 03:03

After expanding by 5.5 percent in 2021, the global output is projected to grow by only 4 percent in 2022 and 3.5 percent in 2023.

U.S. inflation surges to record high in nearly four decades

U.S. inflation surges to record high in nearly four decades

2022-01-12 23:27

U.S. consumer prices in December continued to rise at the fastest annual pace in almost 40 years.

Ending U.S.-China trade dispute is best hope for world recovery: British economist

Ending U.S.-China trade dispute is best hope for world recovery: British economist

2022-01-12 16:47

HONG KONG, Jan. 12 (Xinhua) -- An end to the U.S.-China trade dispute is the worlds best hope for long-term pandemic recovery, a British economist has said. A return to strong U.S.-China bilateral trade would do much to restore economic confidence, D

Chinese company to build power plant in Bolivia

Chinese company to build power plant in Bolivia

2022-01-12 15:03

XINING, Jan. 12 (Xinhua) -- Sinohydro Bureau 4 Co., Ltd., an engineering company based in Chinas Qinghai, has signed a construction contract to build a gas-fired power plant in Bolivia. The contract to build the power plant, which is part of a steel

Economic Watch: World Bank slashes global growth forecast amid new pandemic waves

Economic Watch: World Bank slashes global growth forecast amid new pandemic waves

2022-01-12 12:08

The World Bank Group on Tuesday slashed global growth forecast for this year amid incessant COVID-19 flare-ups.

Japan logs 7.8 bln USD current account surplus in November

Japan logs 7.8 bln USD current account surplus in November

2022-01-12 09:22

Japan logged a current account surplus of 897.3 billion yen (7.8 billion U.S. dollars) in November.

U.S. stocks rise as tech, energy rally

U.S. stocks rise as tech, energy rally

2022-01-12 06:50

U.S. stocks advanced on Tuesday, buoyed by strength in the technology and the energy sectors.

Oil prices jump amid demand hopes

Oil prices jump amid demand hopes

2022-01-12 06:34

Oil prices surged on Tuesday as investors bet on robust global demand despite the spread of the Omicron variant.

U.S. doctors perform worlds first pig-to-human heart transplant

U.S. doctors perform world's first pig-to-human heart transplant

2022-01-12 03:39

A 57-year-old American patient with terminal heart disease has received a successful transplant of a genetically-modified pig heart.

Berkeley professor Pierre-Olivier Gourinchas appointed as IMF chief economist

Berkeley professor Pierre-Olivier Gourinchas appointed as IMF chief economist

2022-01-11 07:39

WASHINGTON, Jan. 10 (Xinhua) -- The International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Monday announced her intention to appoint Pierre-Olivier Gourinchas, professor at the University of California, Berkeley, as the instituti

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