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US, China to reignite trade talks ahead of Trump-Xi meeting at G20 summit

19-06-2019

On Tuesday, rekindling the hope a of trade talk, US President Donald Trump said that he had a “very good conversation” with the Chinese President Xi Jinping and the two leaders would be participating at an extended meeting next week

China’s Belt & Road will reduce poverty, but lacks transparency: World Bank

19-06-2019

On Tuesday, the 18th of June 2019, World Bank, the largest lender across the globe for poor, developing and emerging countries had published a report saying that the massive Belt and Roar infrastructure project of China could reduce poverty

Crude climbs on Middle East tension, US-China deal optimism

19-06-2019

On Wednesday, the 19th of June 2019, both UK and US crude oil futures prices had extended gains over renewed hope of a resolution of the ten-month-long grueling trade spat between US and China

Saudi crown prince says seals $533mn privatization deals this year

18-06-2019

On Sunday, the 16th of June 2019, the Saudi Crown Prince, Mohammed bin Salman said in an interview with the state-owned Asharq al-Awsat Newspaper that, the government of Saudi Arabia had finalized privatizations of multiple deals worth of $533 million

Chinese regulators to revamp Baoshang Bank as soon as possible

18-06-2019

On Sunday, the 16th of June 2019, a newspaper affiliated to China’s Central Bank said that the takeover of Baoshang Bank by the Chinese government might have resulted in some kind of disruption, but it prevented a bigger and baleful financial instability

Youth unemployment a ‘national crisis’ in South Africa, says Ramaphosa

18-06-2019

On Sunday, the 16th of June 2019, recently reelected South African President, Cyril Ramaphosa said that the youth unemployment had become ‘national crisis’ in South Africa

Argentina faces massive blackout amid deepening economic crisis

17-06-2019

On Sunday, the 16th of June 2019, Argentina alongside much of its neighboring Uruguay and Paraguay had faced a nationwide power outage, disrupting businesses, drilling rigs, stores, traffic lights, internet connection and a many more

Canada to approve a disputed pipeline extension ahead of October election

17-06-2019

Canadian government appears to be all set to approve a much-debated plan of expanding an oil pipeline this week, people with direct knowledge regarding the issue had said on Sunday

Tehran has no plans to dismiss oil minister despite growing US tensions

17-06-2019

On Sunday, the 16th of June 2019, a spokesman for Iranian government said to the state news agency ISNA that Iran had no plans of ousting its oil minister despite his failure to avert a US ban on its oil.

Pakistan says seizes $3.4 billion in ADB budgetary aid

17-06-2019

On Saturday, the 15th of June 2019, the de facto finance minister of Pakistan, Hafeez Sheikh said in a tweet that Pakistan would receive $3.4 billion of budgetary aid from the ADB (Asian Development Fund) to support its wobbling economy

Trump says it doesn’t matter if Xi attends G20

17-06-2019

On Friday, the 14th of June 2019, the US President Donald Trump said that it would not be mattered whether Chinese PM Xi Jinping attended a G20 summit later this month in the Japanese city of Osaka, triggering the possibility of a trade deal

Moody downgrades Turk sovereign credit rating to B1

16-06-2019

Moody’s investor service, an American credit agency, headquartered in New York, had slashed Turkey’s sovereign credit rating to “junk territory” on Friday saying that an imbalance in public finances and payment crisis in Turkey would continue to ri

US retail sales surge in May, ease slowdown concerns

16-06-2019

On Friday, the US Commerce Department’s retail sales data released by GMT. 12.30, had posted a notable upsurge in May, and a revised retail sales figure for April were higher than prior estimates, pointing towards a robust consumer spending

Trump meets Apple CEO, as China dispute looms

15-06-2019

On Thursday, the 13th of June 2019, US President Donald Trump had met Apple CEO Tim Cook over trade and other red-button issues forcing tech companies to underperform

Crude rises on tanker attack offshore of Iran, Oman, global stocks rise

14-06-2019

On Thursday, the 13th of June 2019, both US and UK crude futures surged following confirmation of a military attack on two oil tankers offshore of Iran, while a gauge of global stock indices had added gains despite faltering economic data

US Government posts all-time-high $208 billion budget deficits in May

14-06-2019

On Wednesday, the 12th of June 2019, data released by US treasury department by late US trading hours had revealed that the US government had fallen short of around $208 billion in its budget on May

Canada to amp up aids for canola exporters, as China dispute drags on

14-06-2019

Canadian Government had decided to start off an insurance program for the canola exporters, who had been struggling to find new buyers amid trade tensions between Beijing and Ottawa

China’s vice premier Liu calls for more monetary stimulus

13-06-2019

Earlier on Thursday, the 13th of June 2019, Chinese vice premier Liu He, who led a Chinese team of negotiators to avert an escalation of Sino-US trade spat, had called for more monetary injection to support the economy

US job openings falter, hiring hits all-time high: JOLTS

12-06-2019

On Monday, the 10th of June 2019, the Job Openings and Labor Turnover Survey (JOLTS) of US Labor Department had revealed a report showing US job opening fell shortly on April, but hiring remained at an all-time high

Mexico eyes Brazil on US asylum deal, Trump reiterates tariff threat

11-06-2019

On Monday, following a deal that averted a calamitous trade dispute between the two neighboring nations, Mexican Foreign Minister said that the United States and Mexico had been exploring additional options to restrict the flow of illegal immigrants

Oil extends gain on supply cut, weak economy strains outlook

10-06-2019

On Monday, the 10th of June 2019, both US and UK crude extended their winning streak, after rising sharply over 3 percent on last Friday (June 7th) over US-Mexico deal on illegal immigrant issues.

China exports grow despite US tariff hike, imports fall to three-year low

10-06-2019

On Monday, the 10th of June 2019, data released by Chinese customs by GMT. 01.33, had showed that unexpectedly China’s exports had returned to growth in May despite a US tariff hike imposed earlier on May

Iran has no plans to leave OPEC despite UAE & Saudi tensions

10-06-2019

Amid a US sanction on Iranian crude oil aimed to cripple its economy, regional influence and nuclear programs, tensions were spiked higher in Tehran, while UAE and Saudi had pledged to increase production earlier last month to cover for Iranian crude

Fintech could tear apart global financial systems, warns IMF’s Lagarde

10-06-2019

On Saturday, the 8th of June 2019, International Monetary Fund’s Managing Director, Christine Lagarde said that a growing presence of tech giants with big data and artificial intelligence could severely disrupt the world’s financial systems

Chile’s central bank slashes borrowing cost, braces for global slowdown

09-06-2019

On Friday, the Central of Chile had unprecedentedly slashed its benchmark interest rate by 50 points to 2.5 percent, as the world’s largest copper producing nation had been bracing for a sharp economic slowdown

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