US factory activity jumps over 13-1/2-year high on latest sign of recovery

23-01-2021
On Friday, IHS Markit's survey report for US manufacturing activity had revealed that the world's No. 1 economy's factory activities jumped more than 13-1/2-year high earlier this month

Crude oil futures plunge as frets of demand crunch, supply glut jitter

23-01-2021
On Friday, both US and UK crude oil futures' prices had beaten a hasty retreat, while Brent crude futures' prices had logged a 0.4 per cent in weekly decline

US weekly jobless claims dip marginally as solid factory activity anchors economy

22-01-2021
On Thursday, US Labour Department said in a statement that the US initial jobless claims fell by 26,000 to a seasonally adjusted 900,000 during the week that ended on January 16

Washington rolls back Trump policies on pandemic, climate after Biden inauguration

21-01-2021
On Wednesday, shortly after Joe Biden's inauguration as the 46th US President, Biden had signed off more than 15 executive laws, mostly aimed at cleaning up a mess the Trump Administration had left behind

Crude oil surges over 2% on stimulus optimism ahead of Biden inauguration

20-01-2021
On Tuesday, both Brent and US WTI (West Texas Intermediate) crude oil contracts' prices jumped ahead of an inauguration of the President-elect Joe Biden

Israeli economy to grow 4.6% in 2021 amid positive vaccine response: Finance Ministry

19-01-2021
Israeli Finance Ministry had said in a statement earlier on Sunday that the country would likely to witness a growth of 4.6 per cent this year

Italy’s debt to hit record 158.5% of GDP in '21, 2nd-highest after Greece in bloc

18-01-2021
On Saturday, Italy's senior Government officials said that the country would witness a record rise in public debts to 158.5 per cent of GDP this year

Oil posts first weekly decline since late-December on China lockdown, demand concern

17-01-2021
On Friday, both US and UK crude oil futures faltered as much as 2 per cent following renewed lockdown measures on a number of Chinese cities

US manufacturing shines, but retail sales fall in December for third straight month

17-01-2021
On Friday, US Commerce Department data released earlier in the day had revealed that the US retail sales were slumped 0.7 per cent in December following a 1.4 per cent plunge a month earlier

US initial jobless claims near four-month peak as labour market weakness lingers

16-01-2021
On Thursday, US Labour Department said in a statement that the number of Americans applying for first-time state unemployment benefits rose by a staggering 181,000 to a seasonally adjusted 965,000, the highest level since late-August

US consumer prices post robust rise in December, but inflation remains benign

16-01-2021
US Labour Department said in a statement earlier on Wednesday that US Consumer Prices Index rose robustly last month, though inflation indicators remained tepid

US job openings down in most industries, layoffs spike as labour market losing steam

14-01-2021
US Labour Department's JOLTS report released earlier on Tuesday had revealed an acceleration in lay-offs later last year with job openings faltering by a moderate 105,000 to a seasonally adjusted 6.527 million

Oil mushrooms eleven-month high over supply disruption, Saudi output cut

13-01-2021
Brent crude futures hit an eleven-month trough on Tuesday with US WTI crude oil futures' prices spiking to their highest levels in nearly a year

Swiss GDP to grow 4% in ’21,global economy set to recover by mid-2021:Govt. economist

11-01-2021
The Swiss Government's leading economist, Eric Scheidegger, said in an interview with a local weekly NZZ am Sonntag published earlier on Sunday, that, the Swiss GDP was expected to grow by 4 per cent in both 2021 and 2022

Oil sprouts to 11-month peak, rises 8% in the week as Saudi cuts output

10-01-2021
Both US West Texas Intermediate and UK crude oil contracts surged to an 11-month peak on Friday, leading to an 8 per cent in weekly percentage gain

US trade deficit rises to $68.1 billion in November, more than 14-year high

09-01-2021
US Commerce Department said later this week that the country's trade deficit had soared to a nearly 14-year-peak in November 2020

US weekly initial jobless claims dip, but layoffs hit record high in 2020

09-01-2021
On Thursday, Labour Department data had revealed that the US initial weekly jobless claims fell marginally last week

US private payroll posts first decline in eight months amid spike in pandemic cases

08-01-2021
American private employers had slashed jobs for the first time in eight months in December amid a persistent spike in pandemic cases, ADP job data had revealed on Wednesday

Tempe’s ISM survey says US factory activity rises in December, nears 2-1/2-year high

07-01-2021
On Tuesday, Institute of Supply Management (ISM) survey data on US factory activity had revealed that factory activities in the US had been accelerated by their steepest pace in nearly two years and a half

Oil oozes 5 per cent on Saudi voluntary output cut, Iran tension

06-01-2021
On Tuesday, both US and UK crude oil futures' prices rose nearly 5 per cent on a voluntary output cut of 1 million barrels per day from the OPEC-Kingpin Saudi Arabia

US manufacturing PMI ends 2020 at six-year peak, says IHS Markit

05-01-2021
On Monday, an IHS Markit's survey data on US Manufacturing PMI (Purchasing Managers' Index) had revealed that factory sector activity in the US rose to a six-year peak last month

Oil edges higher, but posts 20% annual drop in tumultuous 2020

03-01-2021
Both Brent and US crude oil futures edged higher in the last trading session of 2020, but both contracts shed as much as a fifth of their valuation in 2020

Oil rises as US crude stockpile slumps; dented demand hope caps gain

31-12-2020
On Wednesday, both Brent and US WTI (West Texas Intermediate) crude oil contracts edged higher following an EIA report revealing a surprise drawdown in US crude oil stockpiles

Dubai approves $15.5 billion budget for 2021, down 14% from prior estimate

29-12-2020
On Sunday, the ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, had approved a stark upsum of $15.5 billion in fiscal 2021 budget, 14 per cent down from a prior estimate forecasted earlier this year

Vietnam’s 2020 economic growth slips to 30-year low, but outperforms regional peers

28-12-2020
On Sunday, Govt. data from Vietnam had revealed that the country had witnessed its slowest economic growth in more than three decades this year