US Fed to allow capital relief for Wall St. lenders to expire this month 21-03-2021 On Friday, US Fed said in a statement that it would no longer extend a temporary change in SLR (Supplementary leverage ratio) which was introduced to provide flexibility for large lenders to proffer additional credits to US households and businesses
US labour market remains strong, but jobless claims rise unexpectedly 20-03-2021 On Thursday, US Labour Department data had unveiled an unexpected uptick in weekly initial jobless claims, though US labour market gathers steam as mid-Atlantic factory activity nears 50-yr peak
Oil plummets, slides 7% as vaccination politics worsens pandemic outlook in Europe 19-03-2021 On Thursday, both US and UK crude oil contracts had witnessed their steepest intra-session plunge since last Summer, sliding as much as 7 per cent over fresh concerns of a pandemic resurgence
US retail sales, manufacturing drool amid harsh winter; no reason to panic: analysts 17-03-2021 US Commerce Department said in a statement earlier on Tuesday that US retail sales fell by as much as 3.0 per cent last month
US Feb. revenues soar, but budget deficit hits record $311bn as pandemic costs weigh 15-03-2021 Later this week, US Treasury said in a statement that the US Government's budget deficit had soared to a record $311 billion in February
African economies set to bounce back 3.4 per cent this year as debt fears mount 14-03-2021 African Development Bank Group said in a statement late on Friday that the African economies' growth would average around 3.4 per cent this year
Brent settles near $70/barrel on recovery hopes after seven straight weeks of gain 14-03-2021 Both US WTI and UK crude futures wrapped up the week nearly flatlined after hitting a 13-month peak earlier on Monday
US producer prices index rises strongly in February; inflation worries abate: survey 14-03-2021 On Friday, US Labour Department said in a statement that its index for producer prices accelerated by the steepest pace since October 2018 on an annualized basis in February
US initial jobless claims fall to four-month low as labour market gathers steam 13-03-2021 In latest sign of a consolidation in US labour market, Labour Department said earlier on Thursday that the number of Americans filing for first-time jobless benefits fell to a four-month low last week
US consumer prices rise in February; inflation remains tepid 11-03-2021 US Labour Department said earlier on Wednesday that its index for US consumer prices rose 0.4 per cent in February, while inflations remained tepid last month
Oil frolics on springtide after OPEC+ holds cuts, strong US job growth 07-03-2021 Both US and UK crude oil futures' prices extended their recent leg of blowout gains on Friday, climbing as much as 3 per cent
US labour market claws back sharply after months of lull; non-farm payrolls surge 07-03-2021 On Friday, US Labour Department's closely monitored job report had revealed the US economy added more jobs than expected in February
US Senate passes Biden’s $1.9 trillion pandemic stimulus bill on party-line vote 07-03-2021 US Senate had voted 50-49 to pass the US President Biden's $1.9 trillion pandemic stimulus bill late on Saturday
US labour market regains footing; initial jobless claims tick up amid winter storm 06-03-2021 US labour Department said on Thursday that the number of Americans filing for first-time state unemployment benefits rose marginally during the week that ended on February 27 despite a severe winter storm in the densely populated US state of Texas
Crude oil rises over 5% as OPEC+ keeps output cut untamed 05-03-2021 On Thursday, crude oil scaled back to more than a year peak as OPEC+ kept production cuts unchanged
UK’s Sunak sees economy returning to pre-pandemic size by mid-2022, raises Corp. tax 04-03-2021 UK Finance Minister Rishi Sunak said in a budgetary speech on Wednesday that the UK Government was planning to step up corporate taxation to 25 per cent by 2023
Crude oil leapfrogs over 2 per cent as US fuel stocks drop, OPEC+ mulls output cut 04-03-2021 Both US and UK crude futures gained more than 2 per cent on Wednesday as US gasoline stockpiles fall to record-low last week
Tempe's ISM survey says US manufacturing activity scales three-year high in February 03-03-2021 An ISM (Institute of Supply Management) survey data on US factory activity published late on Monday had unveiled that US manufacturing activities had bounced back to a three-year peak in February
Oil drowns more than 1% as China February factory output disappoints 02-03-2021 On Monday, both US and UK crude oil contracts winded down sharply lower amid supply concerns following reveal of a downbeat factory activity in China last month
Biden scores first legislative win as US House passes $1.9 trillion stimulus bill 28-02-2021 Late on Saturday, the US House of Representatives had voted 219 to 212 to pass a $1.9-trillion pandemic stimulus bill as proposed by the US President Joe Biden earlier in January
US Consumer Spending picks up in January as recovery underway; inflation benign 27-02-2021 US Commerce Department said on Friday that the US Consumer Spending surged to a seven-month peak in January
US consumer confidence picks up in February as Fed’s Powell downplays inflation risk 24-02-2021 The Conference Board Inc survey report published earlier on Tuesday had unveiled that US Consumer Confidence shot up in February
Oil roars back, snaps up two-day long losing streak as Texas storms hinder output 23-02-2021 Both Brent and US crude oil gain as much as 3 per cent on Monday as storm-hit shale producers in Texas said that it would take at least two weeks to restore output to a normal level
Crude oil pulls back further from 13-month peak, clinch marginal rake-off in the week 21-02-2021 Both US and UK crude futures tumbled for a second straight session on Friday, however, had clocked marginal weekly percentage gains
US labour market backpedals, set to add impetus on Biden’s push for $1.9tn stimulus 20-02-2021 On Thursday, US Labour Department said in a statement that US initial weekly jobless claims rose unexpectedly last week
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