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US-China trade war leading to recession, says Goldman Sachs

13-08-2019

Dampening outlook of a stack of death-crossed money markets across the globe, Goldman Sachs Groups Inc., said on Sunday that the Sino-US trade spat might be leading global economy towards a recession earlier-than-anticipated

Mexican Banks report failures in processing card payments

13-08-2019

On Saturday, the 10th of August 2019, a fistful of Mexican lenders revealed that they had been experiencing a rough ride while processing payments from credit & debit cards

Chile plans for expansive fiscal policy ahead of another rate cut in Sept.

13-08-2019

Chile, the long country stretching along South America’s western edge, which had witnessed a GDP growth of 4 percent last year from a 1.7 percent a year earlier, had been working on a more expansive monetary policy

White House adviser Bolton to urge tougher UK stance on China and Iran

13-08-2019

National security adviser of US President Donald Trump, John Bolton arrived in the United Kingdom on Sunday, while his latest visit in Britain was aimed at provoking the Brexit-hit British lawmakers to toughen up their stance on Iran & China

US lacks G7, IMF support in its move against Yuan: Officials

12-08-2019

On Sunday, a perspicacious bunch of former and current US alongside G7 officials told that China seemed to be well-insulated from serious consequences of G7 alongside IMF after White House had sought IMF’s help to settle China’s FX rigging

Despite initial bonanza, Swiss Stock exchange seeks to resolve EU spat

12-08-2019

On Sunday, the 11th of August 2019, Chief Executive of Swiss Stock Exchange (SIX), Jos Dijsselhof had told that Switzerland-listed shares’ access to European Union must be restored, if Swiss stocks were to remain lucrative

Iraqi oil minister denies exclusion of Exxon from Southern Iraq project

12-08-2019

On Saturday, the 10th of August 2019, brushing aside possibilities of an exclusion of US oil industry giant, Exxon, Iraqi oil ministry said that the government of Iraq had still been in talks with the US oil giant

US producer price index inches up, markets fully priced in a 25bp rate-cut

12-08-2019

On Friday, the 9th of August 2019, data released from the US Labor Department had revealed US Producer Price Index was edged higher on July, led by a robust rebound of expenses of energy products

Boycott of Japanese products hitting Uniqlo's sales in South Korea

12-08-2019

On Friday, a Japanese casual clothing chain store operator, Uniqlo, had told that the South Korean boycotts had begun to make its mark over Japanese economy by curbing revenues from South Korea exports

IMF stands by China's Yuan despite US call to act on FX rigging

11-08-2019

Despite a US call to act on China's FX rigging, International Monetary Fund, stood by the People’s Bank of China (China’s Central Bank) adding that the value of Chinese Yuan has been well in alignment with the economic fundamentals

Britain’s new leader Johnson eyes funds to ease post-Brexit casualties

11-08-2019

Boris, a head-Brexiteer, had been working out on plans to raise a bailout fund aimed at ramping up businesses over the narratives of a likely no-deal Brexit

China-US trade deal in doubt, Trump says US not ready

11-08-2019

Fanning up the flames further of an already escalated Sino-US trade abrasion, US President Donald Trump raised another alarming bell for money markets saying that he was not yet prepared to reach a trade deal with Beijing

Crude climbs 2% on European inventory decline despite IEA slowdown forecast

10-08-2019

On Friday, the 9th of August 2019, both UK and US crude soared 2 more than percent, while an unprecedented drop in European crude inventories alongside an OPEC+ output cut offset global demand concerns

Malaysia files criminal lawsuit against 17 Goldman Sachs executives

10-08-2019

On Friday, Malaysia’s financial watchdog had filed criminal charges against 17 former and current executives of Goldman Sachs Group Inc., linked with a multi-billion-dollar corruption scandal of 1MDB

Japan’s economy grew 1.3% on second quarter amid jittering trade tension

10-08-2019

On Friday, the 9th of August 2019, Japan’s government had issued a statement saying that the nation’s economy grew at a pace of 1.3 percent during second quarter on a year-on-year basis

China is killing United States with unfair trade tools, says Trump

08-08-2019

On Wednesday, the 7th of August 2019, defending his China tariff further, US President Donald Trump said that his stringent stance on China’s trade behavior would eventually benefit a slowing US economy

Indian central bank cuts key rates, stock markets fail to revive

08-08-2019

The Reserve Bank of India cut the repo rate by 35 basis points

China to launch special tax policy in Shanghai Free trade zone

08-08-2019

On Tuesday, the 6th of August 2019, amid debarkations of trade warfare doldrums, China said that it would soon bring forth a special tax policy for the newly expanded Shanghai Free Trade Zone

Trump looks to right his wrongs as Beijing warns of market chaos

08-08-2019

On Tuesday, as an attempt to curb some concerns of an escapated Sino-US trade spat, US President Donald Trump had brushed aside concerns of a full-blown economic war with China

Brent crude falls beow $60/barrel as Sino-US tension totters risk-appetite

07-08-2019

On Tuesday, both US and UK crude slid more than 2 percent, while UK crude had been hovering near its seven-month lows, as trade tensions alongside geopolitical bubbles had disdained efforts of OPEC+ to cut output by 1.2 million barrels per day.

New Zealand’s Central Bank stuns market with a surprise 50-bp rate-cut

07-08-2019

On Wednesday, the 7th of August 2019, the Reserve Bank of New Zealand (New Zealand Central Bank), shortly dubbed as RBNZ, stunned financial markets with a flabbergasting 50-basis point rate-cut on its official cash rate (OCR)

Germany expects Georgieva to become IMF head, Russia pledges support

07-08-2019

On Monday, German Finance Ministry official said that a majority of German lawmakers including the country’s Chancellor Angela Merkel expressed sheer optimism over Bulgaria’s Kristalina Georgieva, euro zone’s candidate to lead IMF

US new orders hit three-year low, service sector moderates

07-08-2019

On Monday, the 5th of August 2019, while US Commerce Department’s data reveals that US service sector activity witnesses a sweeping plunge

US farmers brace for ‘body blows’ as China slams door to US farm goods

07-08-2019

On Tuesday, worsening global trade outlooks further, Chinese Commerce Ministry had issued a public statement saying that Chinese companies were ordered to stop placing new orders for US farm goods

Crude oil curbed 3% as trade war concerns rattling demand outlook

06-08-2019

On Monday, the 5th of August 2019, both US and UK crude futures’ prices took a tumble of more than 3 percent, as global growth concerns had been trembling financial markets across the world

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