UK and the EU agree on new deal, await parliaments' ratification
UK prime minister Boris Johnson is counting on Northern Ireland's DUP to provide him with support for the new deal
Economy
Removing Sino-US tariffs would boost global economy by 0.8%, says IMF
A removal of all tariffs that Washington and Beijing had inclined on each other’s exports since early 2018, could have buoyed up the global economic output by 0.8 per cent by the end of 2020
Fearing backlash for Kashmir criticism, Malaysia to up Indian imports
Malaysia could increase the imports of buffalo meat and crude sugar from India after the Indian government hinted at curbing palm-oil exports from Malaysia to India
Italy to add 'web tax' in its 2020 budget
Italy, the third-largest national economy in the euro zone, had been drawing up a plan to introduce a new taxation on digital companies and tech conglomerates
Fed launches Treasury bill buys to appease 'ample' reserves
On Friday, the 11th of October 2019, the Federal Reserve had issued a statement saying that it would soon start-off a purchase of about $60 billion of Treasury bills every month
Digital currencies subject to money-laundering,disclosure law:US regulators
On Friday, the 11th of October 2019, in a bid to distancing digital currencies further from conventional financial system, three US financial regulators had raised alarming bells for US firms with registered digital currencies
US, China agree to ‘phase 1’ trade deal; Trump suspends October tariff hike
On Friday, the 11th of October 2019, following a two-day-long tentative trade negotiation in Washington, the trade-war-struck nations had agreed to a ceasefire on tariff hike
Fed unveils post-crisis rules for domestic, foreign lenders
On Thursday, the 10th of October 2019, the US Federal Reserve had unleashed a package of fiscal rules, first introduced during the era of great financial depression of 2007-2009
Crude oil cruises as OPEC pledges to supply cut
On Thursday, the 10th of October 2019, both Brent and US crude oil futures’ prices soared following comments of OPEC that it would take necessary actions to balance crude oil prices.
US job openings fell to 1-1/2-year low in August, as slowdown fear jitters
On Wednesday, the 9th of October 2019, US Labour department data had added further strains on to a slowing US economy, while US job openings fell to a fresh one and a half year low
US Producer Prices sink, builds strong case for another Fed rate-cut
On Tuesday, the 8th of October 2019, data released by US Labour Department on GMT 18.30, added further glooms on United States’ slowing economy
Hopes of Sino-US trade deal simmer after US ban on Chinese AI firms
On Tuesday, Beijing reacted sadistically after US President Donald Trump alongside his Administration had decided to add more than 20 Chinese AI start-ups into its trade blacklist
Crude oil inches lower as trade deal hopes wane
On Monday, the 7th of October 2019, both UK and US crude oil futures’ prices edged lower despite a buoyant opening of the day
US puts Hikvision, Chinese security bureaus on economic blacklist
On Monday, the US Commerce Department had issued a statement saying that it would be placing 28 Chinese public companies and security bureaus alongside Hikvision on a US trade blacklist
US-China Deputy level trade talk gets underway amid tense air
On Monday, trade negotiators of the world’s first- and second-largest economy launched a new round of trade talk in a bid to resolve the nations’ yearlong trade conflict
Saudi to ease foreign companies’ listing into its capital market
On Sunday, the Saudi Capital Market Authority (CMA)said that the Kingdom of Saudi Arabia had decided to introduce facilitatory measures to ease inclusion of foreign companies
Spain’s Sanchez pledges to fend off food sector against 'unfair' US tariffs
On Saturday, the 5th of October 2019, Spain’s acting PM Pedro Sanchez had pledged to safeguard the agriculture sector of Spain against US proposed tariff hike
China’s FX reserve edges lower to $3,092 trillion in September
Government data revealed on Sunday (October 6th) that China’s FX reserve had fallen more-than-anticipated in September to $3,092 trillion despite an unprecedented recovery of its offshore Yuan
Proposed US tariffs on EU foods will hike price, cost Americans jobs
A new 25 per cent added levy on a swath of European products proposed by the United States would likely to heighten food prices in the United States ahead of holiday seasons and to cost US jobs
Iranian oil minister says Iran'll try "every possible way" to export crude
Bijan Zanganeh also said he was open to bilateral talks with his Saudi Arabian counterpart
US Supreme Court agrees to hear Trump’s appeal on $7.5bn natgas pipeline
On Friday, the 4th of October 2019, the US Supreme Court had decided to hear an appeal filed by Richmond, Virginia-based US energy giant, Dominion Energy Inc. alongside Trump Administration
Venezuela and Russia respite Cuba’s fuel-shortage, but energy woes persist
A fleet of oil shipment from Venezuela earlier this week had proffered some relief to Cuba’s petroleum shortage, which conventionally serves Venezuelan service sectors and healthcare in exchange of fuels
10% tariff hike on Airbus adds to supply disruption for US airlines
Following a WTO ruling that allowed US to impose 10% tariff hike on $7.5bn European goods, US airliners were languishing lavishly to grapple with a tariff hike on Airbus aircrafts
Iraq dollar bonds tumble 1.2 cents amid political unrest, rising death toll
On Friday, the 4th of October 2019, Iraqi dollar bonds had dropped by 1.2 cents to a nearly four-month low amid surging death tolls stemmed off violent demonstrations and protests across the country
US unemployment rate falls to record 3.5 per cent, job growth stable
Friday’s (October 4th) US Labour Department employment data had displayed a brighter spot for US economy, as US unemployment rate was dropped to a decade-low figure of 3.5 per cent last month
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