China’s imports of Russian oil reached a record high in 2024, rising by 1% compared to 2023. China imported abo The increase is due to high demand from refineries, state-owned oil companies, and a government plan to store more oil. Overall, China’s total oil imports fell by 1.
Norges Bank Likely to Keep Rates at 4.50%: Analysts expect the interest rate to stay at this level. Data Shows Slightly Hawkish Trend: Recent data suggests more pressure for rate hikes, even though core inflation dropped unexpectedly in December. Factors Supporting Tightening: Global interest rates, especially in the U.
BITCOIN WELCOMES TRUMP WITH NEW RECORD HIGH ABOVE $109,000 Bitcoin hit a new record high above $109,000 on Monday. The surge followed Donald Trump’s victory in the US presidential election in November. Bitcoin reached this new high ahead of Trump’s inauguration ceremony later in the day.
Donald J. Trump became the 47th President of the United States. He is the second person in history to serve two non-consecutive terms. Supreme Court Justice John Roberts gave him the oath of office. Former President Joe Biden watched the ceremony. The event took place in the U.S. Capitol
US DOLLAR FALLS AFTER REPORT ON TRUMP DELAYING TRADE TARIFFS The U.S. dollar fell on Monday. A report suggested that President-elect Donald Trump would delay imposing trade tariffs after his inauguration. This forecast had previously helped boost the U.S. dollar following Trump’s election victory in November.
Trump canceled 78 executive orders that Biden had signed. It is not yet known which specific orders were canceled. Trump also signed orders to stop new government rules and pause federal hiring. People cheered when the news was announced at Capital One Arena.
Donald Trump, the new US President-elect, has launched his own cryptocurrency called $Trump. The value of the coin quickly increased to around $5.5 billion. The cryptocurrency was created by CIC Digital LLC, a company linked to Trump's business. Meme coins like $Trump are popular online but can
Frank Elderson is an important member of the European Central Bank (ECB). He is worried about cutting interest rates too quickly. He thinks lowering rates fast could make it harder to control inflation in services. This could also slow down the economic recovery. Elderson believes careful decisions are needed to
CHINA'S IMPORTS OF RUSSIAN OIL HIT RECORD HIGH LAST YEAR China’s imports of Russian crude oil rose by 1% in 2024, reaching a record 2.17 million barrels per day. This increase was driven by strong demand from refineries, state-owned oil companies, and a government mandate to
CHINA'S VICE PRESIDENT HAN ZHENG MEETS MUSK AND VANCE, DISCUSSES CHINA-US RELATIONS China’s Vice President Han Zheng met with US Vice President-elect Vance and Tesla CEO Elon Musk in Washington. Han expressed a willingness to work with the US to improve China-US relations. He emphasized that, despite
The stock market went up on Friday, aiming for its first weekly gain of the year. Dow Jones rose by 337 points (0.8%). S&P 500 increased by 1%, and Nasdaq went up by 1.5%. Big tech companies did well: Tesla stock increased by 4.8%. Nvidia
PBOC SETS USD/CNY REFERENCE RATE AT 7.1886 FOR TODAY The People's Bank of China (PBOC) set the USD/CNY reference rate at 7.1886 today. This is lower than the estimated rate of 7.3353. The PBOC manages the daily midpoint of the yuan, allowing it