Business News
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Bitcoin soars 40% up to $62,253 on growing optimism
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[ad_1] NEW YORK: Bitcoin breached the $60,000 mark for the first time since April on growing optimism that American regulators will greenlight the first US futures exchange-traded fund for the cryptocurrency. The digital currency was up more than 40 percent…
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China witnesses highest factory inflation in 25 years
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[ad_1] BEIJING: China’s factory-gate prices rose at the highest rate in at least 25 years in September, official data showed Thursday, hit by the rising cost of coal. The producer price index (PPI), which measures the cost of goods at…
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IMF official sees energy prices spiralling down by early 2022
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[ad_1] WASHINGTON: Rising energy prices are weighing on households but the recent spike is unlikely to fuel a 1970s-style oil crisis and should retreat early next year, IMF chief economist Gita Gopinath told AFP Tuesday. Energy prices collapsed last year…
