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US whiskey exporters still struggling a year after EU tariff hike

US whiskey exporters still struggling a year after EU tariff hike

After more than a year Europe had hit US whiskey with added tariffs, US whiskey exporters were still struggling to even out the odds of higher tariffs amid steep competition on EU markets.

Argentina's economic crisis scalps another victim, economy minister resigns

Argentina's economic crisis scalps another victim, economy minister resigns

Nicolas Dujovne resigned after Argentine president Mauricio Macri lost in a primary poll held last week.

No-deal Brexit on agenda in Boris Johnson's first overseas visit

No-deal Brexit on agenda in Boris Johnson's first overseas visit

The United Kingdom's prime minister will also have individual meetings with Angela Merkel and Emmanuel Macron

ANZ brings down India's GDP forecast to 6.2% for 2019-20

ANZ brings down India's GDP forecast to 6.2% for 2019-20

The Australian and New Zealand Banking Group also revised its GDP estimates for India for 2020-21

UK to face food, fuel and medicine shortages in a no-deal Brexit

UK to face food, fuel and medicine shortages in a no-deal Brexit

United Kingdom would be facing off steep shortage of foods, medicines and fuels if UK lawmakers decided to leave European Union without a deal

Don’t expect higher interest for years, says German finance minister

Don’t expect higher interest for years, says German finance minister

Finance Minister of Germany, the world’s fifth-largest economy, said on Saturday (August 17th) that the interest rates of a stack of Central Banks across the globe would likely to remain “very low” over the “next few years,

China set to unveil rate reforms to lower key borrowing costs

China set to unveil rate reforms to lower key borrowing costs

On Saturday, the 17th of August 2019, the People’s Bank of China (China’s Central Bank) had unleashed a core interest rate overhaul policy in a bid to lower borrowing costs for small- and medium-scale businesses

Crude oil rises in choppy trade alongside equities, dovish OPEC capped gain

Crude oil rises in choppy trade alongside equities, dovish OPEC capped gain

On Friday, both US and UK crude went through a sharp rebound after facing off steep losses for two consecutive sessions, as gains of energy equities over expectation of further policy stimulus from Central Banks buoyed outlook

US to exempt some Chinese furniture, modem from planned 10% tariff hike

US to exempt some Chinese furniture, modem from planned 10% tariff hike

On Friday, the 16th of August 2019, top officials of White House had told that the US President Donald Trump and his Administration were working on a plan to drop an added tariff on some made-in-China household furniture alongside internet modems

Trump calls ‘China talks’ productive, while Beijing vows retaliation

Trump calls ‘China talks’ productive, while Beijing vows retaliation

Later on Thursday, the 15th of August 2019, US President Donald Trump said that Chinese and US negotiators had been holding productive talks, besides they were expected to meet as early as next month for next leg of face-to-face meet

Fed’s Kashkari says rate cut likely, US economy needs stimulus

Fed’s Kashkari says rate cut likely, US economy needs stimulus

On Friday, President of Minneapolis Federal Reserve Bank, Neel Kashkari, 46, a Republican, who oversaw the troubled asset relief program between 2007-2009, said that the Fed would likely to cut interest rates more than twice this year

US housing market mired in soft patches, consumer sentiment sour

US housing market mired in soft patches, consumer sentiment sour

On Friday, data released by US Commerce Department by GMT 12.30, early US trading hours, had darkened outlook further for US housebuilding despite a sharp fall in mortgage rates, as US home building had posted a plunge for three straight months

OPEC forecasts bearish oil outlook for rest of 2019, points to 2020 surplus

OPEC forecasts bearish oil outlook for rest of 2019, points to 2020 surplus

On Friday, the 16th of August 2019, OPEC (Organization of Petroleum Exporting Countries), the 14-nation pact of crude oil exporting countries, sent a downbeat signal on crude oil market outlook for the rest of 2019, citing concerns over a steep slowdown

Fitch downgrades Argentina’s credit rating to ‘CCC’ from ‘B’

Fitch downgrades Argentina’s credit rating to ‘CCC’ from ‘B’

On Friday, the 16th of August 2019, global credit rating agency, Fitch Ratings, widely contemplated as one of the “Big Three credit rating agency”, headquartered in New York, had downgraded Argentina’s sovereign debt rating to ‘CCC’ from ‘B’

Macri put zero-tax on basic foods to revive prospect of re-election

Macri put zero-tax on basic foods to revive prospect of re-election

Argentine President Mauricio Macri, had issued a public statement on Thursday, the 15th of August 2019, saying that he would put an end to taxing basic food products

Mexican central bank slashed borrowing cost for the first time in 5-years

Mexican central bank slashed borrowing cost for the first time in 5-years

On Thursday, the 15th of August 2019, the Central Bank of Mexico slashed its core lending cost by 25-basis point to 8.00 percent for the first time since 2014

Strong US retail sales in July briefly ease glooms over US economy

Strong US retail sales in July briefly ease glooms over US economy

On Thursday, the 15th of August 2019, US Commerce department had released a mixed bag of economic data for July, while retail sales soared dramatically

China pledges to counter latest US tariff as Trump vows a deal on US terms

China pledges to counter latest US tariff as Trump vows a deal on US terms

On Thursday, the 15th of August 2019, top officials of Beijing had pledged to counter latest US tariff hike on $300 billion worth of Chinese imports

China’s economy worsens in July, industrial growth at 17-year low

China’s economy worsens in July, industrial growth at 17-year low

On Wednesday, the 14th of August 2019, adding further strains on scuffling Chinese industrial activity, data from China’s National bureau of Statistics had revealed that its industrial activity was slumped to a 17-year low

Crude oil tumbles 3% on bleak economic data, US inventory surge

Crude oil tumbles 3% on bleak economic data, US inventory surge

On Wednesday, the 14th of August 2019, both UK and US crude wrapped up the session 3 percent lower after falling as much as 5 percent during midday US trading hours

Concerns over Macri hits Argentine market again, Peso down by 4%

Concerns over Macri hits Argentine market again, Peso down by 4%

On Tuesday, the 13th of August 2019, Argentine Stocks alongside its currency took a heavy header after witnessing a sharp plunge on Monday (August 12th)

US to delay China tariffs on some products for Christmas sales

US to delay China tariffs on some products for Christmas sales

On Tuesday, the 13th of August 2019, US President Donald Trump and his administration had delayed a 10 percent tariff on certain China-made products

US & UK in talks over a partial trade deal, could take effect on Nov. 1st

US & UK in talks over a partial trade deal, could take effect on Nov. 1st

On Tuesday, the 13th of August 2019, a senior official of White House said that the United States and United Kingdom had been in an advanced stage talk to reach a partial trade agreement

Argentine markets slumped as Macri’s conservative digests landslide defeat

Argentine markets slumped as Macri’s conservative digests landslide defeat

On Monday, the 12th of August 2019, a stack of Argentine stocks alongside Argentine Peso pummeled after current conservative president Mauricio Macri had stomached a landslide defeat on Sunday’s (August 11th) election.

Fed will cut rate in September FOMC minutes, says Morgan Stanley

Fed will cut rate in September FOMC minutes, says Morgan Stanley

On Monday, the 12th of August 2019, a perspicacious group of analysts of Morgan Stanley said that they were expecting Federal Reserve to trim interest rate again in September, which might follow another rate-cut in October

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