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Moody’s slashes Hong Kong’s rating to ‘Aa3’ as pro-democracy protest drags on

21-01-2020

On Monday, the NY-based American credit rating agency Moody’s, widely contemplated as one of the top three credit rating agencies alongside Fitch’s and S&P, had slashed Hong Kong’s credit rating to “Aa3” from “Aa2"

Rwanda's economy to grow by 8 per cent in 2020, 2021, says IMF

20-01-2020

Rwanda, the landlocked East African nation having had one of the fastest-growing economies across the globe, would likely to witness an economic growth of 8 per cent in 2020 alongside 2021, said IMF

Libya cuts oil production after Hafter's National Army shut down pipelines

20-01-2020

On Sunday, the National Oil Corporation of Libya had issued a statement saying that the Libya’s Internationally recognized Government based on Tripoli was forced to slash production in its sub-Saharan and Elephant oil fields

Direct foreign investment in Saudi rose to a decade-high on first 9 months of 2019

20-01-2020

On Sunday, Monetary Authority of Saudi Arabia had issued a public statement saying that influx of direct foreign investment in to the Kingdom of Saudi Arabia surged more than 10 per cent to $3.50 billion during the first nine months of 2019

US & China trade deal allays global uncertainty, says IMF Chief

20-01-2020

Late on Friday, the International Monetary Fund (IMF) said in a statement that the signing off of the “Phase One” trade deal between Washington had Beijing could ease a whirlpool of uncertainty that the global financial markets had been witnessing

Eastern Libya authorities halt more than half of the country’s oil export

19-01-2020

Libya, a divided country which had been at the mercy of violent military confrontations over the past few years, had witnessed its oil output slashed by half on Saturday (January 17th)

Birth rate hits 70yr-low in China as couples struggle to afford education,health care

19-01-2020

On Friday, the 17th of January 2020, Government data from People’s Republic of China, the world’s second-largest economy, had rounded up debarkation of a disturbing demographics

Softbank to invest up to $40 billion in Indonesia’s new capital, says Minister

19-01-2020

On Friday, an Indonesian lawmaker said the Japanese investment conglomerate, SoftBank Group had offered the fast-growing South-east Asian economic HubSpot an investment of up to $40 billion into the country’s new capital city on Borneo Island

Record 45 million people across Southern Africa face hunger: UN Food Agency

18-01-2020

On Thursday, the UN World Food Programmehad said an all-time high of 45 million people in the Botswana-based 16-nation Southern African Development Community (SADC) had been lavishly languishing from hunger & poverty

US Senate passes amended USMCA deal, Canada still to approve

18-01-2020

On Thursday, the 16th of January 2020, the US Senate had approved an amended version of the USMCA (United States-Mexico-Canada) deal signed off late on 2018 in a bid to replace a 26-year-old NAFTA

China posts weakest annual growth in 29 years as trade war torments

17-01-2020

On Friday, the 17th of January 2020, data released from the Chinese National Bureau of Economics, had unfurled a debarkation of another set of disdainful economic data, as in 2019, China’s economy grew at its lowest pace in roughly three decades

UK Housing Market gets a boost from election: RICS; BoE rate decision eyed

17-01-2020

UK Housing market picked up robustly last month following a decisive victory for the UK PM Boris Johnson that smoothened up Britain’s divorce from the EU, a survey conducted by a London-based professional body RICS had revealed

What’s inside US-China Phase 1 trade deal?

17-01-2020

The US President Donald Trump and Chinese Vice Premiere Liu He had signed off an initial US-China trade deal late on Wednesday, the 15th of January 2020, dubbed as “Phase One” US-China trade deal

US, China have no arrangement for future tariff cuts, says Lighthizer, Mnuchin

15-01-2020

US Treasury’s Steven Mnuchin and USTR (US Trade Representative) Robert Lighthizer, said in a joint statement on Tuesday, the 14th of January 2020, that, the war-struck nations had no agreement to cut tariffs in future

Phase One trade deal stops draining money, but won’t end US-China dispute: US Chamber

15-01-2020

On Monday, a Senior US Chamber of Commerce official said the China trade deal aimed at putting an end to an 18-month-long acrimonious trade torment might not exactly be the same what it seemed

Israel to face 4% budget deficit unless spending cuts & tax hikes: Finance Minister

14-01-2020

Israeli Finance Minister, Moshe Kahlon, said in a statement that the Middle Eastern country beside the Mediterranean Sea, might witness its budget deficit reaching at least 4 per cent of entire GDP

Kenya’s tourism earning, arrivals rise in 2019

14-01-2020

On Friday, the 10th of January 2020, Tourism Ministry of Kenya had issued a statement saying that the fifth-largest economy of Africa’s annual earnings from tourism rose 3.9 per cent last year to $1.61 billion

Equatorial Guinea to add 20,000 bpd oil output this year

14-01-2020

On Sunday, the 12th of January 2020, Oil Minister of Equatorial Guinea said that the country would be producing an additional 20,000 barrels of oil per day or 0.2 per cent of entire global oil output from October this year

China US trade deal commitments not changed during translation, says Mnuchin

13-01-2020

US Treasury’s Mnuchin said on Sunday, the 12th of January 2020, that Beijing’s commitments in the “Phase One” trade deal with Washington had not been changed over a time-consuming translation process

French PM offers concession to unions over pension reform

13-01-2020

French PM Edouard Philippe had offered a major concession to labour unions opposing the French Government’s sweeping reform of current pension policy on Saturday, the 11th of January 2020

US, China agree to semi-annual talks to resolve deep differences

12-01-2020

On Saturday, the 11th of January 2020, Beijing and Washington had agreed to a resumption of semi-annual trade talks in a bid to resolve their deep economic differences

As White House plans “Phase One” trade deal ceremony, still no final deal text

12-01-2020

On Friday, the 10th of January 2020, White House officials said in a press briefing that the Trump Administration had invited more than two hundred people to witness the January 15th’s Sino-US “Phase One” trade deal signing ceremony

Trump’s tariffs cost US companies $46 billion so far, reveals Commerce Dept. data

11-01-2020

A number of tattering tariffs inclined by the US President Donald Trump over the past one year and a half, aimed at a sweeping reform of the United States’ trade relationship, costed American companies more than $46 billion in added tariffs

US weekly jobless claims fall marginally, cooling labour markets cast shadows

11-01-2020

US Labour Department data released on Thursday, the 9th of January 2020, had revealed a mixed reflection of US job market, as US citizens applying for jobless claims for the first time in their lives fell more than anticipated last week

Trump says US-China “Phase Two” deal may need to wait until November US election

11-01-2020

Trump said on Thursday that his administration was looking to begin negotiations of a “Phase Two” China deal soon, but a “Phase Two” US-China trade deal might need to wait until November US Presidential election

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