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Ukraine Central Bank Chief quits, calls resignation a protest agin political pressure

05-07-2020
On Friday, Chief of the Ukrainian National Bank (The Central Bank of Ukraine) had resigned over potential conflict of interests with the lawmakers in Kiev

Trump approves five-week extension for small business pandemic loan application

05-07-2020
On Saturday, the US President Donald Trump had signed off a law that in effect would extend the small business pandemic loan application deadline until August the 8th

Crude oil collapses on pandemic fear, but registers weekly percentage gain

04-07-2020
On Friday, both US and UK crude futures' prices had faltered after gaining as much as 2 per cent a day earlier over upbeat US job data alongside a drop in US crude inventory

US job growth guffaws as non-farm payroll reports record surge in June

03-07-2020
The US Labour Department said in a statement earlier on Thursday that the US economy had added a record 4.8 million jobs in June

Washington-based IMF says Gulf economies to shrink by 7.6% this year

02-07-2020
An IMF official said on earlier on Tuesday that the six economies of GCC (Gulf Cooperation Council) including the OPEC-kingpin Saudi would face a shrinkage of 7.6 per cent this year

Mexico loses 12 million jobs in pandemic mayhem, workers in informal sectors grow

02-07-2020
Mexico's National Statistics Agency, INEGI said in a statement late on Tuesday that the second-largest LATAM economy had shed 12 million jobs since mid-March

New York’s Consumer Board says US consumer confidence rebounds in June

01-07-2020
On Tuesday, the NY-based Consumer Board survey had revealed that the US Consumer Confidence had perked up in June

China industrial profits post first monthly rise in six months as lockdown eases

30-06-2020
On Sunday, China's National Bureau of Statistics said in a report that the Country's industrial firms' profits surged by 6 per cent in May on a year-on-year basis

Zimbabwe terminates stock exchange, mobile payments over ‘economic sabotage’

29-06-2020
On Friday, the Zimbabwean Government had suspended mobile transactions and all kinds of trading activities in the country's stock exchange

US consumer spending posts record surge in May; outlook gloomy as earnings simmer

28-06-2020
US consumer spending had reported a record surge of 8.2% in May on a monthly basis following a record decline in April

US initial jobless claims hover above 1.4mn for straight 14th week; economy struggles

27-06-2020
US initial jobless claims fall slightly last week, while other economic data released on Thursday had hinted a struggling US labour market in a medium- to long-term outlook

Washington’s ELFA says US business borrowing for equipment falls 26% in May

26-06-2020
The Washington-based Equipment Leasing and Finance Association said on Wednesday that the US business borrowing for equipment fell 26 per cent in May on an annualized basis

Oil nosedives over 5% as US crude inventories hit record, pandemic worries mount

25-06-2020
Both US and UK crude futures had faltered over 5 per cent on Wednesday following reveal of an EIA report that the US crude inventories had hit a record upsurge of 1.4 million barrels last week

New York's Fitch downgrades Canada’s credit rating below “AAA” for the first time

25-06-2020
New York City-based global rating agency Fitch on Wednesday downgraded Canada's sovereign credit rating below "AAA" for the first time on record

OPEC-kingpin Saudi Arabia launches $4 billion tourism development fund

22-06-2020
Saudi Arabia's Ministry of Tourism had told in a statement on Sunday that the petroleum-rich Mideast nation had initiated a $4 billion tourism development fund

Oil soars as OPEC+ production cut, China demand outweigh pandemic fears

21-06-2020
Both US and UK crude gained more than 1 per cent on Friday despite growing concerns regarding a pandemic-led downturn in demands

US retail sales post record surge in May; uncertainty remains

16-06-2020
US Commerce Department data on US retail sales in May had reported a record rise of 17.7 per cent, compared to battering of 14.7 per cent in April

Britain to introduce phased border controls with EU from 2021

16-06-2020
United Kingdom said later last week that the world's sixth-largest economy by nominal GDP was working out a phased border control with EU from mid-2021

UK economy takes 25% hit from pandemic, recovery seen slow

16-06-2020
UK's office for National Statistics said in a statement that the UK economy was contracted by a quarter over March and April this year

New York’s Fitch Rating Inc. keeps Germany’s credit rating stable at ‘AAA’

15-06-2020
Fitch Rating Agency had maintained Germany's credit rating stable at "AAA" citing strong policy response in battle against the pandemic

Copper secures fourth consecutive weekly rise as inventories fall

15-06-2020
As economies reopen across the globe and China demands showed a sign of uptick, the industrial base metal Copper futures' prices had logged fourth consecutive weekly percentage gain

New York lender JPMorgan says Saudi’s oil market share set to hit the peak of 1980s

15-06-2020
A report from the US lender and financial services provider JPMorgan said later this week that Saudi's oil market share would likely to hit its highest level since 1980s

Brazil’s budget deficit to reach $140bn this year, gross debt to hit 92.7% of GDP

14-06-2020
Brazil's Economy Ministry said in a statement that the LATAM economy was bracing for a record $140 billion in budget deficits this year

US consumer confidence picks up in early June as unemployment glooms linger

14-06-2020
University of Michigan's US Consumer Confidence Index survey report had witnessed an uptick in June, mostly prompted by a surprise gain of 2.5 million in US non-farm payrolls last month

Lebanese protestors shut down roadways with fires as currency collapses

13-06-2020
A nationwide protest against the elites had escalated in Lebanon later this week, as the country's currency, which had devalued over 70 per cent since October last year, was trading over 5,000 per dollar