Oil rises as US crude stockpile slumps; dented demand hope caps gain

31-12-2020
On Wednesday, both Brent and US WTI (West Texas Intermediate) crude oil contracts edged higher following an EIA report revealing a surprise drawdown in US crude oil stockpiles

Dubai approves $15.5 billion budget for 2021, down 14% from prior estimate

29-12-2020
On Sunday, the ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, had approved a stark upsum of $15.5 billion in fiscal 2021 budget, 14 per cent down from a prior estimate forecasted earlier this year

Vietnam’s 2020 economic growth slips to 30-year low, but outperforms regional peers

28-12-2020
On Sunday, Govt. data from Vietnam had revealed that the country had witnessed its slowest economic growth in more than three decades this year

US averts horrendous ending of '20 as Trump finally signs off $2.3 trillion bill

28-12-2020
The US Government seemed to have prevailed a tempestuous ending of a pandemic-battered 2020, as the departing US President Donald Trump had finally signed off the $2.3 trillion financial package that includes a $892bn in pandemic stimulus

Brexit trade deal published as European leaders call on an end to “ugly” division

27-12-2020
On Saturday, both UK Government of PM Johnson and EU Commission had unveiled the 1,246-page Brexit trade deal text, a thousand-page political paddling wrapped around a trade ballot

Crude oil edges higher after Brexit trade deal, but wilts over 1.5% in the week

25-12-2020
On Thursday, both US and UK crude oil futures' prices had rounded off the session in an upscaled note, but both futures fell more than 1.5 per cent over the holiday-shortened week

US core capital orders, shipments rise in November, point to modest growth momentum

25-12-2020
US Commerce Department data released earlier on Wednesday had unveiled that the orders for US-made core capital goods soared 0.4 per cent last month, suggesting an uptick in future business investment

EU and UK clinch narrow Brexit deal as Britain preserves zero-tariff access into EU

24-12-2020
On Thursday evening, the leaders of EU Commission and Britain had secured a narrow Brexit trade deal which in effect would avert a catastrophic divorce for United Kingdom with the world's largest trading bloc

Oil tumbles 3% as new pandemic pathogen strain rekindles demand concerns

22-12-2020
On Monday, both UK and US WTI (West Texas Intermediate) crude oil futures' prices wrapped up the day nearly 3 per cent lower as a new strain of the pandemic pathogen had been stoking fears of a sweeping plunge in demands

Oil sprouts to 9-month peak as Brent surpasses $52/bbl in 7th straight weekly gain

20-12-2020
On Friday, both US and UK crude future' prices rose as much as 1.5 per cent with Brent crude hitting a nine-month peak

US weekly jobless claims edge higher as pandemic restrictions weigh

19-12-2020
US Labour Department said in a statement earlier on Thursday that the US weekly initial jobless claims edged higher last week, remarking a second straight week of rise amid a stiffening of pandemic restrictions

US manufacturing output rises 0.8% last month in latest sign of recovery: US Fed

17-12-2020
On Tuesday, US Federal Reserve said in a statement earlier in the day that the US manufacturing output rose by 0.8 per cent in November, beating analysts' estimates

Washington commits to providing wheats, financial aids over four years to Sudan

16-12-2020
On Monday, Sudanese acting Finance Minister Heba Ahmed said in a statement that the US Government had pledged to a nearly $1 billion in new investments, debt reliefs alongside a provision of wheat supply over four years

Crude oil posts a sixth straight week of gain, ends session lower on pandemic frets

14-12-2020
On Friday, both US and UK crude oil futures' prices had clocked a sixth straight week of percentage gain

US Producers Prices Index rises 0.1%; Consumer Sentiment improves

13-12-2020
On Friday, Government data had revealed that the US Producers Prices Index barely rose last month, though consumer sentiments improved earlier this month

Economic bellwether copper hits 7-year peak, ends lower on Brexit, US stimulus frets

13-12-2020
On Friday, the London Metal Exchange (LME) benchmark copper futures' prices had spiked to a fresh seven-year peak

EU leaders unchain €1.8 trillion budget after compromise with Poland & Hungary

12-12-2020
On Thursday, EU leaders had agreed to a historic €1.8 trillion EU budget that included a €750 billion in pandemic relief bills following compromise with Warsaw and Budapest

US weekly jobless claims rise amid stiffer business restrictions; inflation benign

12-12-2020
On Thursday, US Labour Department data released earlier in the day had revealed a sharp spike in US weekly jobless claims

Brent crude rises above $50 a barrel for first time since March over vaccine optimism

11-12-2020
On Thursday, crude oil futures rose around 3 per cent over vaccine optimism as UK crude climbed above $50 per barrel for the first time since early-March

US Job openings rise steadily defying widespread pandemic restriction: JOLTS

11-12-2020
On Wednesday, US Labour Department's JOLTS report had revealed that US Job Openings scaled higher in October despite a raft of pandemic-led restrictions

Cuba attracts $1.9 billion in foreign investment in ’20 despite US sanctions

10-12-2020
On Tuesday, Cuban Trade Minister Rodrigo Malmierca said in an online press conference that the fiscally embattled and US sanction hit Central American island country had received as many as $1.9 billion in foreign investments last year

Argentine Congress approves dubious wealth tax as pandemic hits state coffers

06-12-2020
Late on Friday, the Argentine Congress had voted 42 to 26 to pass a contemptuous wealth tax bill which in effect would enable the Government to incline at least 2 per cent in additional taxes on the people having assets worth of over $2.45 million

US labour market loses cogency as non-farm payrolls data disappoint

06-12-2020
US labour market hung loose in November as the pandemic-strained economy had added only 245,000 jobs in non-farm payrolls last month following a solid rise of 610,000 jobs registered in October

US weekly jobless claims fall; service sectors activities hang loose

05-12-2020
In the latest flashpoint of a rapidly spreading stagnation in economic activities, US service sectors activities fell to a nearly six-month low in November with weekly jobless claims hovering above a historically high

UK crude oil futures spike to pre-pandemic level after OPEC+ output cut deal

04-12-2020
On Thursday, UK crude futures' prices had jumped to their highest level since early-March, while US WTI (West Texas Intermediate) crude oil futures' prices settled above $45.50 per barrel