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US auto sales seen dropping 2.1 percent in May: LMC Auto., J.D. Power

US auto sales seen dropping 2.1 percent in May: LMC Auto., J.D. Power

On Tuesday, the 28th of May 2019, auto industry consultants of J.D. Power and LMC Automotive had issued a statement, saying that the US auto sales were expected to decline by as much as 2.1 percent in May

Strong labor market lifts US consumer confidence

Strong labor market lifts US consumer confidence

On Tuesday, data reported by US conference board had revealed that US consumer confidence had surged strongly in May, largely buoyed by regaining of some footing on households and an upbeat labor market

EU could snap Italy with a 3-billion-euro fine on excessive debts: Salvini

EU could snap Italy with a 3-billion-euro fine on excessive debts: Salvini

On Tuesday, the Italian Deputy Prime Minister, Matteo Salvini said that the European Commission could hit Italy with as much as 3 billion euro fine for breaking EU rules

Canada takes first leap towards ratifying USMCA

Canada takes first leap towards ratifying USMCA

On Monday, the 27th of May 2019, Canada made headway towards ratification of a new North American trade pact with United States and Mexico

Oil outlook blurs as China’s economy weakens, OPEC-cut puts price on hold

Oil outlook blurs as China’s economy weakens, OPEC-cut puts price on hold

On Tuesday (May 28th) morning, early Asian trading hours, crude oil price outlook appeared to be mixed, severely oppressed by a weakening economy goading a decline in demand, in particular in China

Iraq purchases 1,20,000 tons of US rice, as China tension spurs

Iraq purchases 1,20,000 tons of US rice, as China tension spurs

On Sunday, the 26th of May 2019, Iraqi traders had bought a hefty lot of 1,20,000 tons of American rice at a closed auction

S&P keeps South Africa underrated, eyes post-election reform

S&P keeps South Africa underrated, eyes post-election reform

On Friday, the 24th of May 2019, the Global rating company, S&P had kept South African local and foreign currency credit rating at a ‘junk’ status

Australian real-estates see shimmers of hope on rate cut, mortgage reform

Australian real-estates see shimmers of hope on rate cut, mortgage reform

Shattering property market of Australia may have been stabilized over the coming months, as optimism of a plausible interest rate cut and further easing of mortgage legislations had given rise to a surge to buyer’s inquiry

ECB’s Weidmann, a potential successor of Draghi, says 'no policy change'

ECB’s Weidmann, a potential successor of Draghi, says 'no policy change'

ECB (European Central Bank) policymaker and a presidency candidate, a German orthodox, Jens Weidmann said on Sunday, the 26th of May 2019, that, he saw no need for ECB to change its policy in a near-term outlook

Promising employments, Ramaphosa takes oath as South Africa’s president

Promising employments, Ramaphosa takes oath as South Africa’s president

On Saturday, the 25th of May 2019, promising new employments and justice for the poor, the trade-unionist then turned-to-businessman, Cyril Ramaphosa had taken vow as South African new President.

World fronts on to ‘clear & present danger’ from trade war escalation: OECD

World fronts on to ‘clear & present danger’ from trade war escalation: OECD

Amid a wide-ranging warning flying around the Sino-US trade spat, head of OECD had recently added himself into the tallies, saying that the world had been exposed out over a clear and present danger from the escalated trade war

Yuan short-sellers will bear terrible losses: China’s top banking regulator

Yuan short-sellers will bear terrible losses: China’s top banking regulator

On Saturday, the 25th of May 2019, the Banking and Insurance regulator of China had said that it had not been foreseeing a persistent devaluation of Chinese Yuan to offset Trump’s tariff rows

Industry-grade Metal jumps despite declining demand on China hopes

Industry-grade Metal jumps despite declining demand on China hopes

On Friday, ahead of a long Weekend on US market, nickel spiked to a two-week high and other industrial-grade metals had gained over hopes of a positive resolution of US-China trade conflict alongside a much-softer American dollar.

UK immigration falls to five-year lows, as EU-worker rush slows

UK immigration falls to five-year lows, as EU-worker rush slows

On Friday, the 24th of May 2019, UK Official data had revealed that the number of long-term immigrations to Britain had been dropped to a five-year low in 2018, partly catalyzed by a fall of influx of EU workers

US tariff on China to rattle American Households, says NY Fed

US tariff on China to rattle American Households, says NY Fed

On Thursday, the 23rd of May 2019, a research published by New York Federal Reserve Bank had unveiled a simmering projection of US economy on Trump’s China tariff,

Arun Jaitley will not be Indian finance minister after PM Modi's reelection

Arun Jaitley will not be Indian finance minister after PM Modi's reelection

The 66-year-old is not inclined towards taking up the position because of failing health

Trump trumpeted $16 billion farm aid plan to ease trade war losses

Trump trumpeted $16 billion farm aid plan to ease trade war losses

On Thursday, the 23rd of May 2019, the Trump Administration had set forth a $16 billion aid package for the US farmers to curb some of their losses, resulted from a 10-month-long trade war with China

Crude crushed, on course for biggest weekly plunge in 2019

Crude crushed, on course for biggest weekly plunge in 2019

On Thursday, the 23rd of May 2019, crude oil futures took a heavy beating, tottered more than five percent, after trade tension had slumped demand outlook and latest record US inventory build had shoveled a deeper hole for crude oil outlook.

PM May offers ‘new deal’ as a final attempt to break Brexit gridlock

PM May offers ‘new deal’ as a final attempt to break Brexit gridlock

On Tuesday, the 21st of May 2019, the British Prime Minister, Theresa May had started off campaign for a “new deal”, which appeared to be her final attempt to breakdown the Brexit deadlock

Crude oil retreats as US stockpiles surge amid wobbling demand

Crude oil retreats as US stockpiles surge amid wobbling demand

On Wednesday, the Crude oil futures lost roughly 2 percent, as a surprising rise of US oil inventories had added to investors’ worries that a long and costly Sino-US trade war would be curbing industrial activities and eventually crude oil demands.

United States seeks to pay $2 per bushel for Soybeans to help farmers

United States seeks to pay $2 per bushel for Soybeans to help farmers

Weeks after US President Donald Trump had pledged to US farmers a monetary compensation of $15 billion in light of an escalated tariff war with China, the Trump Administration had at last been contemplating a compensatory payment

Who pays off Trump’s tariff, China or US? Companies or consumers?

Who pays off Trump’s tariff, China or US? Companies or consumers?

On Tuesday, the 21st of May 2019, US President Donald Trump said that Beijing would be paying off the tariffs that he inclined on $250 billion of Chinese imports, however, usually tariffs do not work in that way

Oil little changed, as trade war offsets Gulf supply disruption

Oil little changed, as trade war offsets Gulf supply disruption

On Tuesday, the 21st of May 2019, both UK and US crude oil futures remained steady, as possibilities of supply chain disruption amid growing tension between Washington and Tehran seemed to be overshadowed by an escalating trade war

Nike, Under Armour, others urge Trump to takeoff footwear from tariff list

Nike, Under Armour, others urge Trump to takeoff footwear from tariff list

On Monday, the 20th of May 2019, major US footwear companies such as Nike Inc., Under Armour and others had urged US President Donald Trump to pullout footwear products of the proposed tariff lists on Chinese imports.

A Puissant trade war will push world towards recession- Morgan Stanley

A Puissant trade war will push world towards recession- Morgan Stanley

On Monday, the 20th of May 2019, a Morgan Stanley spokesman said that latest pre-matured breakdown of US-China trade war and tariff hikes on Chinese goods would more likely to accelerate an ongoing economic slowdown

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