International Economic
Goldman Sachs posts better-than-expected Q2 results
Shares of Goldman Sachs were rising in premarket trading after the iconic investment bank bested analysts' forecasts for both its top and bottom lines in the second quarter.
Wednesday preview: UK CPI, Ashmore Group in the spotlight
Financial markets' focus in the middle of the week will continue to be on inflation, but on this side of the Pond this time around.
GM set to invest $71m in new tech campus in California
General Motors said on Tuesday it would invest $71m to build a new campus in California to expand its capacity in advanced technologies such as flying cars and lunar rover vehicles.
UK police seize haul of cryptocurrency in London worth almost £180m
British detectives seized a haul of cryptocurrency in London on Tuesday that was worth almost £180m.
NFIB says US small business confidence 'strong', prices jump alongside
US small business confidence strengthened in July on the back of improved expectations for the economy.
Energy bill hike to force additional 392,000 UK households into fuel poverty
An estimated 392,000 UK homes could be added to the 3m households already unable to pay energy bills in winter as prices rise by up to 10%.
US CPI exceeds forecasts by wide margin, core inflation also spikes
The cost of living in the US jumped past forecasts in June driven higher by big increases in the cost of energy, food and those of vehicles.
Rising oil prices could slow recovery, IEA warns
Rising oil prices could slow the global recovery unless major producers can strike a deal to increase production, the International Energy Agency said.
Bitcoin trading volume plummets: investors hoard 'crypto'
Cryptocurrencies continue in summer mode in which they have been for a few weeks already. Bitcoin is determined to stay in a trading range between $ 33,000 and $ 35,000, as part of a consolidation movement that encapsulates it between 30,000 and 40,000 as support and resistance, respectively, of greater importance. The rest of the market behaves in a similar way, oscillating between rises and falls of 5% that make it remain flat. The volume of operations and the withdrawal of capital from crypto exchanges are two symptoms of this torpor that they do not want to leave behind.
Latin America could become 'global hub of bitcoin' claim analysts
El Salvador's decision to accept bitcoin as legal tender has generated a wave of interest in other Latin American countries that see cryptocurrencies as an opportunity to boost their economies and circumvent some of their inefficiencies. Panama, Mexico and especially Paraguay have taken steps towards a generalized adoption of the most operated of cryptocurrencies, with important legislation to provide a new legal framework, which makes analysts think that Latin America could become a world center of reference in cryptocurrencies .
Chinese exports beat expectations as markets reopen
China's exports rose faster than expected in June as lockdown easing and vaccinations in overseas markets more than offset in-country port delays and virus outbreaks.