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President Ramaphosa’s speech underscores weak South African credit outlook,says Fitch

17-02-2020

Fitch said President Ramaphosa's speech included only partial details leaving deep dots behind on core policy areas such as electricity and power sectors and undermined impacts of a weak credit rating outlook

Crude oil rises 1 per cent on hopes of rebound in China demands

16-02-2020

On Friday, the 14th of February 2020, both Brent and US crude futures’ prices rose more than 1 per cent as investors appeared to have brushed aside demand concerns related to a fast-spreading coronavirus outbreak in China

Europe wants G20 to make digital taxation a top priority this year

15-02-2020

The European Union, a 28-member pact of European countries alongside its allies would more likely to step up pressure on G20 leaders to reach a common tariff rules to tax the tech conglomerates

US January industrial output fall on strange weather, Boeing Co. drag

15-02-2020

On Friday, the 14th of January 2020, the US Federal Reserve had depicted a downcast on US factory activity which had recently recovered from a recession according to ISM (Institute of Supply Chain Management) data

EU threatens Brexited Britain to lay off transport levies or to face off courts

14-02-2020

On Wednesday, the 12th of February 2020, a top EU executive had sent a reminder to Britain saying a Brexit might be done, but the United Kingdom had yet to secure post-Brexit trade deals for the transitional period

EU opens trade door to Vietnam, closes it to Cambodia

13-02-2020

On Wednesday, the 12th of February 2020, the EU had agreed to open up its market to Vietnam as a part of an EU-Vietnam free trade treaty

Crude cruises 3% as demand worries ease after fewer new coronavirus cases

13-02-2020

On Wednesday, the 12th of February 2020, both US and UK crude futures’ prices ended up the day with solid gains after China’s top health advisor had reported the lowest number of coronavirus infection in a day since late January

Oil rebounds from 13-month low as new coronavirus cases slow down

12-02-2020

On Tuesday, the 11th of February 2020, both US and UK crude oil futures’ prices gained more than 1 per cent after new China coronavirus data had shown that the number of infections was slowing down

Britain, EU part ways over financial market access

12-02-2020

On Tuesday, the 11th of February 2020, Britain’s Finance Minister Sajid Javid said that UK was looking to a stable relationship with the EU Commission over the ‘decades to come’ in financial services

Oil drools to 13-month low on bleaker Chinese demand, traders eye OPEC+ cut

11-02-2020

On Monday, the 10th of February 2020, both US and UK futures’ prices hit a rock-bottom after Kremlin said over the weekend that it would require more time to assess the possible market scenarios to agree with another steeper production cut

Hundreds of Chinese businesses seeking billions to offset epidemic impacts

11-02-2020

On Monday, the 10th of February 2020, over 300 Chinese businesses had filed for bank loans that totalled to a whopping upsum of $8.2 billion or ¥57.4 billion

Trump’s $4.8 trillion budget likely to receive thumbs down from US Congress

11-02-2020

US President Donald alongside his administration’s ambitious budget plan for fiscal year 2020-21 that included a whopping $4.8 trillion in Government spending had already been met with steep criticisms

White House forecasts minimal impact on US economy from China’s coronavirus

11-02-2020

White House Economic Advisor Larry Kudlow said late on Friday that the Administration of US President Donald Trump had not been anticipating any large-scale impacts on US economy from China’s Wuhan virus epidemic

US House approves $4.7 billion disaster aid, tax breaks for Puerto Rico

10-02-2020

The United States-controlled Caribbean island city of Puerto Rico, which had yet to recover from a series of severe earthquakes last month would receive a lump-sum of $4.7 billion in new fiscal aid

White House adviser says UK’s 5G action won’t hinder trade deal

10-02-2020

Larry Kudlow said that PM Johnson’s latest decision to allow China’s Huawei Technologies a limited role in developing UK’s 5G network amid an ongoing US sanction would not impact efforts to reach a post-Brexit UK-US trade deal

Fitch affirms Italy’s rating at ‘BBB’ with negative outlook

09-02-2020

On Friday, the 7th of February 2020, the NY-based American credit rating agency, Fitch Rating Inc. had affirmed Italy’s sovereign credit rating at ‘BBB’ with negative outlook

Myanmar’s watermelon industry feels stings as epidemic hits China trade

09-02-2020

Myanmar’s watermelon industry, one of the largest across the globe had been facing off a steep downward spiral in sales this year amid a pandemonium in prices following lack of China demand

UK Finance Minister Javid considers tax hike on higher earners in March budget

09-02-2020

UK Finance Minister, Sajid Javid, had been brewing off a plan to implement a tax hike for higher earners at his March 11th budget, a practice widely exercised in the emerging economies

Crude falls 1 per cent as Russia seeks more time to assess further OPEC+ output cut

09-02-2020

On Friday, the 7th of February 2020, both UK and US crude futures’ fell more than 1 per cent after Kremlin had told that it would be requiring more time to assess market outlook before agreeing to further production cuts

China plans to halve tariff on some US imports as coronavirus dangers dangle

07-02-2020

Earlier on Thursday, the 6th of February 2020, a representative of Chinese Commerce Department said that the world’s second-largest economy, China, had halved additional tariffs on more than 1,717 US goods in January

US weekly jobless claims hit nine-month low; productivity rebounds

07-02-2020

On Wednesday, the 5th of February 2020, US Labour Department job data had revealed an upbeat portrait of US labour market

Crude oil drools 1% as demand concerns offset hopes of bigger OPEC+ cut

05-02-2020

On Tuesday, the 4th of February 2020, despite a resounding opening of the day, crude oil prices futures’ prices had botched to maintain the momentum and dipped as much as 1 per cent

US manufacturing rebounds, but construction spending contracts

05-02-2020

On Monday, the 3rd of February 2020, data released from the ISM (Institute of Supply Management) had eased concerns over a recessed US manufacturing activity

Mauritania secures $2 billion in debt from UAE to support ongoing investments

05-02-2020

The President of Mauritania, Mohammed Ould Ghazouani, who was sworn to take the office back in August 1st, 2019, had been in an official visit in to the United Arab Emirates

Crude oil plunged to 13-month low as coronavirus fears hinder global demands

04-02-2020

On Monday, the 3rd of February 2020, both US and UK crude futures’ prices fell to their lowest level in more than a year as a rising death toll stemmed from an intransigent coronavirus outbreak across China had been tormenting demand outlook

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