The Financial Policy Committee (FPC) of the Bank of England stated that risks in the global economy have risen considerably following the declaration of extensive tariffs on imports in the U.S., with a threat of a "further sharp correction" in financial markets. The committee found that hedge funds encountered mandatory short positions because of severe market volatility, yet have typically...

According to the Saudi news agency SPA, Saudi Aramco has found fourteen hydrocarbon fields and reservoirs in the Empty Quarter and Eastern Region of Saudi Arabia, as stated by the kingdom's Energy Minister Prince Abdulaziz bin Salman. Three oil fields of Arab Extra Light quality have been located in the Eastern Region: Jabu, Sayahid, and Ayfan. The oil reservoirs Jubaila and Unayzah-A were found...

China launched consultations within the World Trade Organization (WTO) with the United States regarding the extra import tariffs enacted by Washington. According to the statement from the trade association, China contests the tariffs implemented from April 5: 10% for all trading partners and 34% specifically on Chinese products (effective April 9). China contends that the actions are not...

According to Reuters, Bitcoin dropped to $78,800, experiencing a 5% decrease in its value. Bloomberg reported that Ethereum and Solana dropped over 9%. The agency observes that cryptocurrency markets are "showing no notable improvement in risk sentiment" following U.S. President Donald Trump's announcement of higher customs tariffs on imports from the nation on April 2. Bitcoin's value...

The European Commission (EC) imposed fines totaling approximately €458 million on several leading car manufacturers and the European Automobile Manufacturers' Association (ACEA) for their involvement in a cartel concerning car recycling. The regulator determined that the firms and ACEA had engaged in anti-competitive agreements and coordinated actions in this sector for over 15 years. Among other...

David Kostin, a strategist at Goldman Sachs Group, has reduced his target estimate for the U.S. S&P 500 index for the second time within a month, according to Bloomberg, citing the analytical report. Previously, on March 11, Kostin revised his prediction for the S&P 500 from 6,500 points at the end of 2025 to 6,200. He has now revised expectations downward to 5,700 points. The Goldman Sachs...

In February, the percentage of Chinese electric vehicles in the overall sales of these cars in Europe dropped to the lowest level in two years because of trade restrictions. As reported by the analytical firm Dataforce, it declined to 6.9% from 7.8% in January. In October 2024, the European Union authorized steep tariffs on imports of Chinese electric vehicles, with rates that can go as high as...

Analysts from Goldman Sachs Group increased their gold price prediction for the end of 2025 to $3300, as reported by Bloomberg, referencing a research note. This marks the second upward adjustment in Goldman Sachs' prediction for the precious metal since the start of the year. Just over a month ago, in February, analysts forecasted the price of gold to reach $3100 by the conclusion of 2025....

Several leading commodity and energy trading firms may anticipate their return to Russia if the sanctions are removed, according to Bloomberg. The agency notes that some of them are still skeptical about the possibility of such a scenario occurring soon. “If the sanctions are relaxed sufficiently for us to go back to Russia, then why not? That is our responsibility,” Torbjörn Törnqvist, the...