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China to slash bank reserves to help small businesses

China to slash bank reserves to help small businesses

In the wake of a basket of malevolent economic data signaling a steep slowdown since the beginning of the year, the Chinese government had again been exploring options of introducing further economic stimulus

China’s March foreign reserve surges to seven-month high

China’s March foreign reserve surges to seven-month high

On Sunday, the 7th of April 2019, China’s Central bank had posted a rise in the China’s foreign reserves for fifth straight month in a row in March and the figure had widely beaten previous forecasts, offsetting concerns of a slowing economic growth

G20 must tackle root causes of trade tensions, says EU

G20 must tackle root causes of trade tensions, says EU

The European Union had been set to tell in a meeting of finance leaders from G20 nations next week that they had to tackle the fundamental causes behind global trade tensions

Big banks to report first quarterly result with a downbeat expectation

Big banks to report first quarterly result with a downbeat expectation

Next week, larger global lenders would begin to release their first quarterly result, while investors seemed to be frightened on an increasingly prominent risk of falling profits

Italy’s economy in a delicate situation, says EU Commissioner Moscovici

Italy’s economy in a delicate situation, says EU Commissioner Moscovici

On Friday, the fifth of April 2019, EU Monetary Affairs Commissioner, Pierre Moscovici said ahead of a meeting of euro zone Finance Ministers in Bucharest that the economic condition in Italy has been highly sensitive

US jobless claims hit 49-years low, labor market bolsters

US jobless claims hit 49-years low, labor market bolsters

On Thursday, the 4th of April 2019, data revealed from US Labor Department had unveiled that the number of US citizens filing applications for the unemployment benefits for the first time had dropped to a nearly 50-year low

Labor’s Corbyn says May did not push enough on Brexit

Labor’s Corbyn says May did not push enough on Brexit

On Wednesday, the 3rd of April 2019, following a meeting between UK PM Theresa May and Opposition Labor party leader, Jeremy Corbyn, the labor leader said that his PM had not reached far enough

US service, private payroll data accent sluggish economy

US service, private payroll data accent sluggish economy

US service sector activity had been down to a 19-month low in March, and private payrolls advanced less than anticipated, spotlighting a break of momentum in the economy

Turkish Lira plunges as US threatens sanctions on Russian weapon purchase

Turkish Lira plunges as US threatens sanctions on Russian weapon purchase

On Tuesday, the 2nd of April, the Turkish Lira had plunged as much as 3 percent, an incident which JPMorgan had forecasted a week earlier amid a tumultuous political outlook

Asian Development Bank trims growth estimates for Asia in 2019-20

Asian Development Bank trims growth estimates for Asia in 2019-20

The ADB's Asian Development Outlook revised its December 2018 estimates for 2019 to 5.7% from 5.8%

Brexit deadlocked, May’s deal rejected despite her offer to quit if passed

Brexit deadlocked, May’s deal rejected despite her offer to quit if passed

United Kingdom seemed to be no nearer to resolve a whirlpool of uncertainties surrounding its divorce from EU, after UK House of Commons had again failed to find any alternative to May’s divorce deal

Turkish Lira turns positive, as Istanbul slips out of Erdogan’s hand

Turkish Lira turns positive, as Istanbul slips out of Erdogan’s hand

On Monday, the 1st of April 2019, the Turkish currency had strengthened, eased some of its earlier losses after President Tayyip Erdogan’s AK Party had lost control of the Turkish capital of Ankara

China posts factory activity growth for the first time in four months

China posts factory activity growth for the first time in four months

After contracting factory activity for four months in a row, surprisingly, China had posted a growth in its factory activity on march, as an official survey data revealed on Sunday

South African petroleum price to jump nearly nine percent in April

South African petroleum price to jump nearly nine percent in April

On Sunday, the 31st of March 2019, the energy department of South Africa had made a statement saying that the retail price of petrol in South African would be rising more than 9 percent from April 3rd

Mexican Peso falls after Trump threatened to close border

Mexican Peso falls after Trump threatened to close border

On Friday, the 30th of March 2019, the US President Donald Trump had threatened Mexico of closing United States’ southern border, saying that he would be terminating all kinds of connection with Mexico including trade

Turk President Erdogan sees positive trend for Lira after a volatile week

Turk President Erdogan sees positive trend for Lira after a volatile week

On Friday, the 30th of March, the Turkish President Tayyip Erdogan said that a positive trend had been approaching on the Turkish Lira exchange rate, yet the trend had not yet reached an ideal level

EU economic weakness barely shows any impact on job market

EU economic weakness barely shows any impact on job market

Despite a whirlpool of economic downturn, the German Federal Employment Agency (BA) had briefed on Friday, the 30th of March 2019, that there had not been any sign of slowing down in the euro zone labor market.

British current account in negative, vulnerability rising

British current account in negative, vulnerability rising

In the face of a weak export and Brexit uncertainty, the UK current account deficit had been pushed into the negative territory.

US new home sales rise to 11-month high in February

US new home sales rise to 11-month high in February

Sales of new home sales in United States had surged to an eleven-month high on February , signaling that a lower mortgage rate had been starting to uplift the struggling US housing market

White House again urges Fed to reverse rate hike

White House again urges Fed to reverse rate hike

On Friday, the 30th of March 2019, the US President Donald Trump had said that the Federal Reserve had made a grave mistake by hiking interest rate too fast last year

Goldman’s China-backed fund to purchase US firms amid trade tension

Goldman’s China-backed fund to purchase US firms amid trade tension

Despite intense criticism over Goldman Sachs' tie-up with Chinese state-controlled fund to acquire US firms, Goldman Sachs’ act had stoned multiple US lawmakers including US President Donald Trump

No-deal Brexit fear renewed, as UK parliament sinks May’s deal

No-deal Brexit fear renewed, as UK parliament sinks May’s deal

Later on, Friday, the UK lawmakers had drowned PM Theresa May’s Brexit deal for the third time, leaving UK’s withdrawal from EU in a tempestuous turmoil on the very day it supposed to depart the European Union

US trade deficit narrows sharply as exports rebound

US trade deficit narrows sharply as exports rebound

On Wednesday, the 27th of March 2019, US Commerce Department’s data had revealed that the US trade deficit in January had dropped more-than-anticipated, as China had boosted purchases of agricultural goods, in particular US soybeans

Germany to inject more money into Deutsche Bahn rail network

Germany to inject more money into Deutsche Bahn rail network

The German Government had been planning to inject more than $57 billion ($50 billion euros) in order to upgrade its domestic rail network over the next decade, a mass-selling Bild Newspaper report revealed on last Sunday

Ireland promises substantial aid to farmers in a no-deal Brexit scenario

Ireland promises substantial aid to farmers in a no-deal Brexit scenario

On last Saturday, the 23rd of March 2019, the Agriculture Minister of Ireland, Michael Creed had promised a substantial aid package to the farmers, if they suffer losses as an aftermath of a new UK tariff under no-deal Brexit scenario.

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