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Crude oil price inches up on signs of squeezed global supply

20-04-2019

On Thursday, both UK and US crude futures had edged up, while the crude prices remained well-supported amid an ongoing production drop of OPEC’s untold kingpin, Saudi Arabia, and a surprise drop of US oil inventories and drilling rigs.

US planes, tractors on EU tariff list on transatlantic trade dispute

19-04-2019

On Wednesday, the 17th of April 2019, the European Union said that their list of US imports worth of $20 billion would be including planes, tractors, handbags and foods

US trade deficit hits eight-month low on weak Chinese imports

19-04-2019

On Wednesday, the 17th of April 2019, the US Commerce Department’s data had displayed a surprising fall of US trade deficit for two straight months, while in February, the US trade deficit had fallen to an eight-month low

Oil market is fragile due to US pressure on Iran and Venezuela, says Tehran

16-04-2019

On Sunday, the 14th of April 2019, the Iranian oil minister said that the oil balance of supply and demand in the global market had become intensely friable following US sanctions on Iran and Venezuela, alongside raising tension on Libya

Fed should fire up crisis-era stimulus despite solid growth, says Trump

16-04-2019

On Sunday, the 14th of April 2019, the US President Donald Trump said that reckless acts of US Federal Reserve had ratcheted crisis on US economy despite a solid growth and evaporated more than 30 percent of stock market gains

ECB President Draghi worried about Fed’s independence

16-04-2019

On Saturday, in the face of nominating new Fed policymakers alongside a possibility of change in the Fed Chair role of Jerome Powell, ECB President Mario Draghi expressed concerns over the independence of US Central bank

Russia may dump OPEC oil deal to fight for market share: Russ Minister

16-04-2019

On Saturday, the 13th of April 2019, Russ Finance Minister Anton Siluanov said that the OPEC, a 14-nation pact of petroleum exporting nations and Russia might have decided to turn down their output cut policy and boost productions

Slumping India’s trade privilege could hit US consumers, says senator

16-04-2019

Trump Administration’s retaliatory plan to conclude the preferential duty-free imports of up to 5.6 billion worth of Indian goods, could raise costs of Indian goods for American customers

International Monetary Fund urges debt-drowned Italy to reform its budget

15-04-2019

On Friday, the 12th of April 2019, the IMF (International Monetary Fund), accountable to foster global monetary cooperation and to secure financial stability, had urged heavily indebted Italy to slowly restructure its public finances.

Latin American currencies mostly firm, Brazilian equities hit by Petrobras

14-04-2019

On Friday, the 12th of April 2019, most of the emerging market currencies gained against a much-softer American dollar, after signs of stabilization of Chinese economy had reflected on Friday’s (April 12th) data, undermining threats of a global slowdown

Brexit delay avoids terrible outcomes, says IMF’s Lagarde

13-04-2019

On Thursday, Managing Director of International Monetary Fund, an international organization aimed at fostering financial growth and economic stability, Christine Lagarde said that a six-month delay of Brexit had averted multiple terrible outcomes

US consumer price rises robustly, but inflation trend remains benign

12-04-2019

On Wednesday, the 10th of April 2019, there had been a bunch of mixed US data released from the US Labor department, while US Consumer prices had surged to a 14-month high last month

GM crops still remain pointy end to US-China trade deal

12-04-2019

In the recent leg of trade talk, which had still been continuing through a video conference, the genetically modified crops had remained a pointy end for a Sino-US trade deal

Venezuela removes eight tons of gold of its central bank to feed nation

11-04-2019

Venezuelan socialist government led by armed forces backed Nickolas Maduro had removed about eight tons of gold from its Central bank’s vaults last week, as the country had been exploring the options of selling its gold reserves following US sanctions

US Fed proposes new regulatory regime for foreign banks

11-04-2019

On Monday, the 8th of April, the US Federal Reserve had proposed a new regulatory legislation for some 23 foreign banks operational in United States, which may have proffered flexibility for some conventional lenders

UK Crude hits five-month high above $71 on Libyan supply threat

10-04-2019

On Tuesday, the 9th of April 2019, during the midday Asia Pacific trading hours, Brent crude hit a five-month high above $71, while US crude had resurfaced over $64.50 level for the first time after November 1st, 2018.

PM May seeks compromise, as clocks ticking down for a Brexit agreement

09-04-2019

On Sunday, the 7th of April 2019, the British government led by the conservatives has been holding on to the possibility of a compromise with the opposition Labor Party in order to win their supports to leave EU with a deal

China to slash bank reserves to help small businesses

09-04-2019

In the wake of a basket of malevolent economic data signaling a steep slowdown since the beginning of the year, the Chinese government had again been exploring options of introducing further economic stimulus

China’s March foreign reserve surges to seven-month high

09-04-2019

On Sunday, the 7th of April 2019, China’s Central bank had posted a rise in the China’s foreign reserves for fifth straight month in a row in March and the figure had widely beaten previous forecasts, offsetting concerns of a slowing economic growth

G20 must tackle root causes of trade tensions, says EU

09-04-2019

The European Union had been set to tell in a meeting of finance leaders from G20 nations next week that they had to tackle the fundamental causes behind global trade tensions

Big banks to report first quarterly result with a downbeat expectation

08-04-2019

Next week, larger global lenders would begin to release their first quarterly result, while investors seemed to be frightened on an increasingly prominent risk of falling profits

Italy’s economy in a delicate situation, says EU Commissioner Moscovici

08-04-2019

On Friday, the fifth of April 2019, EU Monetary Affairs Commissioner, Pierre Moscovici said ahead of a meeting of euro zone Finance Ministers in Bucharest that the economic condition in Italy has been highly sensitive

US jobless claims hit 49-years low, labor market bolsters

06-04-2019

On Thursday, the 4th of April 2019, data revealed from US Labor Department had unveiled that the number of US citizens filing applications for the unemployment benefits for the first time had dropped to a nearly 50-year low

Labor’s Corbyn says May did not push enough on Brexit

05-04-2019

On Wednesday, the 3rd of April 2019, following a meeting between UK PM Theresa May and Opposition Labor party leader, Jeremy Corbyn, the labor leader said that his PM had not reached far enough

US service, private payroll data accent sluggish economy

05-04-2019

US service sector activity had been down to a 19-month low in March, and private payrolls advanced less than anticipated, spotlighting a break of momentum in the economy

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