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US federal Government posts $209 billion budget deficit in November

13-12-2019

On Wednesday, the 11th of December 2019, remarking another month of unjustified spending of the US President Trump alongside his Administration, the US Federal Government had posted a record $209 billion budget deficit last month

US Consumer spending picks up in November as gasoline cost, rents surge

13-12-2019

On Wednesday, the 11th of December 2019, data released from the US Labour Department had eased concerns of a slowdown fret which had been shivering money markets over the past few weeks

Fed keeps interest rate on hold, signals favourable economic outlook next year

12-12-2019

On Wednesday, the 11th of December 2019, at its final policy meet of the year, the US Federal Reserve kept interest rate on hold adding that the benchmark lending costs in the United States would not be changed anytime soon

Crude oil plummets 1% on surprise US inventory build

12-12-2019

On Wednesday, the 11th of December 2019, both US and Brent crude futures’ prices pummelled almost 1 per cent during US midday trading hours following reveal of a surprise crude inventory build

US productivity tumbles in Q3, labour costs revised lower

12-12-2019

On Tuesday, the 10th of December 2019, data from US Labour Department had fanned the flames of a blazing slowdown fear further amid a decade-low US manufacturing activities still choking in to recession

US, Mexico and Canada approve revised USMCA deal

11-12-2019

On Tuesday, the 10th of December 2019, policymakers of Canada, United States and Mexico reached an accord on a fresh revamp of an earlier USMCA deal that replaced a nearly three-decade old NAFTA last year

Hong Kong in dire-strait, braces for a wave of store closure amid protests

11-12-2019

On Monday, HKRMA (Hong Kong Retail Management Association) said that more than one-tenth of Hong Kong city retailers would likely to shutter down their operations in the island city

Crude Oil Rebounds but Gains Capped as Trade War Weighs on Demand

11-12-2019

On Tuesday, the 10th of December 2019, both US and UK crude oil futures’ prices winded down the day with modest gains, paring earlier losses witnessed yesterday (December 9th)

House Democrats, USTR near a deal to pass revised USMCA agreement

11-12-2019

US House Democrats alongside the USTR (United States Trade Representative) Robert Lighthizer had been in an advanced-stage talk to ratify a revised edition of USMCA (United States-Mexico-Canada Agreement) deal

French government adamant on pension reform as nationwide strikes continue

10-12-2019

On Saturday, French Govt. of centre-left President Emmanuel Macron said that the French Govt. would remain determined to execute its planned pension reforms despite nationwide protests

UK PM Johnson promises lower immigration if he wins December 12th election

10-12-2019

Later this week, UK PM Johnson had pledged to reduce immigration rate if he could retain power in the December 12th general election, however, Johnson also added he was not hostile to foreign workers looking to work and live in Britain

Iran instruments budget to deter US sanction impacts as oil export plunges

10-12-2019

On Sunday, the 8th of December 2019, the Iranian President, Hassan Rouhani, had handed out a draft budget of about $39 billion in to the Iranian Parliament, adding that the budget was engineered to dissuade impacts of US sanctions

China November exports fall, but import growth allays demand concerns

10-12-2019

On Sunday, the 8th of December 2019, customs data from China had revealed a shimmering a ray of positivity for the Chinese economy which was scuffling amid a three-decade low growth figure in Q3, 2019

Mexico, US draw closer to finalize USMCA deal

10-12-2019

Negotiators from the United States alongside Mexico were harbouring “very close” to finalize a USMCA (United States-Mexico-Canada Agreement) deal, a White House source familiar with the subject-matter said on Saturday

France ready to challenge Trump’s tariff threat in WTO, says Le Maire

09-12-2019

On Sunday, the 8th of December 2019, French Finance Minister, Bruno De La maire, said that France was all-set to confront a latest threat from the US President Donald Trump to impose added levies of up to 100 per cent on French luxury goods

China’s November foreign reserve eases to $3.096 trillion, focus stays on trade talk

09-12-2019

On Saturday, the 7th of December 2019, the People’s Bank of China (China’s Central Bank) had released its foreign exchange reserve data which fell $9 billion last month to a total of $3.096 trillion, missing an analysts’ estimate

Lebanon seeks financial aid from Germany, UK & Spain, as economic crises deepen

09-12-2019

Lebanon, the Western-Asian country having one of the highest debt ratios across the globe, had been facing off its worst economic crises in decades

Saudi bags deeper output cuts as OPEC+ members back new pact

09-12-2019

On Friday, OPEC-kingpin Saudi was provided with a a spearheaded deal that might yield the crude oil industry’s one of the steepest output cuts in decades

Trump urges World Bank to stop lending to China

09-12-2019

Late on Friday, the 6th of December 2019, the US President Donald Trump had urged the World Bank to stop lending money to China, the world’s second-largest economy

UK House price growth hits seven-month peak in November

08-12-2019

On Friday, the 6th of December 2019, data released from the UK-based mortgage lender, Halifax said that house prices in Britain had surged at its fastest pace in seven months in November on a year-on-year basis

China to waive tariffs on US soybeans, pork in goodwill gesture

08-12-2019

On Friday, the 6th of December 2019, Beijing had issued a public statement saying that China had agreed to waive import tariffs on some US-borne soybeans alongside pork shipments

France rejects US proposal on international tax reform

08-12-2019

On Friday, the 6th of December 2019, France had rejected a US concept for companies to adopt an international tax reform, French Financial Minister, Bruno Le Maire said in a statement

US unemployment rate ticks back to 3.5%; job growth points to resilience

07-12-2019

On Friday, a string of data released from the US Labour Department had depicted an animated portrait of a US economy which appeared to be showing off steep resilience to an economic contraction fret

US factory orders bounce back in October, shipments unchanged

07-12-2019

On Thursday, US factory order data had unveiled a shimmering ray of hope for a battered US factory activity, as new orders for US-made factory goods had sharply rebounded in October

OPEC, allies agree to deepen oil output cut

07-12-2019

On Thursday, the 5th of December 2019, the OPEC members alongside their Russia-led allies had reached an accord to incline one of the steepest oil output cut global markets had ever witnessed

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