Written by [email protected] Burgered,” headlined The Economic Times, India’s leading economic daily. The publication elaborated: “From worms to lizards to fungus to finger nails, all kinds of ‘foreign’ objects have been reportedly served to consumers along with burger and fries.” It’s happened before: in Japan, where McDonald’s had to apologize for a tooth being found in French fries, […]

The European Central Bank convenes on October 26th and they had promised us some kind of news on the future of the bond-buying program. The ECB currently buys 60€ billion worth of government and corporate bonds a month and this program is set to run until the end of the year. In 2018, Draghi and […]

Gross Domestic Product has numerous issues, especially as a measure of national-level standard of living. It is supposed to be a measure of total production and therefore the general health of an economy, but it falls short of this in many ways. In the US, the Bureau of Economic Analysis is responsible for estimating GDP, […]

Crude oil prices attempted to reverse lower but the down move was arrested by upbeat EIA inventory flow data. The report showed that stockpiles shed 2.75 million barrels last week, an outflow in excess of the 2.04 million drop projected by economists and a far cry from the build foreshadowed in analogous API figures. Traders seemed to be unfazed […]

Following an article in the Nikkei Asia Review, which reported China will shortly introduce an oil futures contract priced in yuan, there has been some confusion about what it means. The article pointed out that in combination with existing gold futures priced in yuan, an oil exporter to China contracting to accept yuan could use […]