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China Stockpiling Oil At Record Rate
China, the world’s second largest consumer of oil, has been building up its oil reserves at a rate not seen since 2008, reported Bloomberg News on Thursday, as the...
Spain’s “Indignants” Move Beyond Protests To Providing Food Aid For Needy
The Spanish “indignant” movement, which began a year ago to protest economic inequality and spending cuts, have expanded their operations to include the creation of food banks for the...
Infographic: Common Mistakes in Personal Finance
We all probably know a few tips on how to manage personal finance. Some of us may even have a few good habits on spending and saving that we...
OPEC Split over Supply Levels as Oil Prices Slip
Crude prices fell to an eight-month low yesterday amid market speculation over the future of oil supplies and uncertainty over global energy demand. OPEC oil ministers meet in Vienna...
Wealthy Chinese Snap Up US Property
China is now one of the fastest growing international buyers in the U.S. real estate industry, reported the Financial Times on Wednesday, with a “huge" influx of wealthy mainland...
Indonesian Banks “Held Hostage” On Interest Rates By Big Clients: Central Bank
Bank Indonesia (BI), Indonesia’s central bank, are increasingly worried over how some large depositors are currently holding banks “hostage” over interest rates, reported the Jakarta Post on Tuesday, with...
US Oil Production Hits 14-Year High, Could Overtake Russia and Saudi Arabia
The United States produced 6 million barrels of oil per day in the first quarter of 2012, the highest production rate since 1998. According to an energy official, the...
Europe’s Crisis Could Lead to Years of Volatility: World Bank
Europe’s woes are worse than previously believed and could have long term repercussions for the global economy. As a result, developing countries should strengthen their domestic fundamentals by re-emphasising...
Infographic: The World’s Most Expensive Homes
Last year, EconomyWatch took a look at the world's most expensive home: a 27-storey high building located in South Mumbai named Antilia, which was built by Indian billionaire Mukesh...
Greece Prepares $50 Million Emergency Fund Amid Looming Energy Crisis
Greece will release 40 million euros ($50 million) in emergency funds to avert the possibility of rolling blackouts, told a Greek court official to Reuters on Tuesday, with the...


