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Italy delays Monte Paschi stake sales, as lender struggles to ward off bad loans

31-12-2019

Following an agreement reached with the Brussels policymakers of the European Union Commission, Italy said it would delay its early-2020 presentation of a proposal to sell-off stakes of its money draining Monte dei Paschi di Siena

Dubai budget rolls out record spending to boost growth ahead of Expo 2020

31-12-2019

On Sunday, the 29th of December 2019, Dubai set out its budget for 2020 which had scored a record in terms of expenses over an added costs due to Expo 2020 World Fair in Dubai scheduled to open on October 20th, 2020

OPEC+ may mull oil production growth, says Russ Energy Minister Novak

30-12-2019

Russ Energy Minister Alexander Novak said in an interview with the Russia-24 on Sunday, the 29th of December 2019, that, the OPEC+ members, OPEC and its Russia-led allies could contemplate an option to heighten up crude oil output

Bank of England study finds low borrowing costs could boost birth rates

30-12-2019

A study conducted by two Bank of England analysts later last week had revealed a strange finding that following a rate cut of one percentage point, 2% more babies would be born

Nigeria LNG signs off major natgas expansion deal with oil majors

30-12-2019

Nigeria's NLNG (Nigeria LNG) had rubberstamped a major gas expansion deal as part of a much-required collaboration with a number of oil majors what NLNG said could ramp up its LNG production by more than 30 per cent over the coming years

Zambia’s energy regulator allows state power utility to hike prices by 113%

30-12-2019

Zambian state-backed power firm ZESCO had received an approval from Zambia’s energy regulator to implement its planned price hike of as much as 113 per cent for all of the Zambian nationals

ECB council member Holzman says ECB will not hike rate in 2020, cites Brexit angsts

30-12-2019

Austrian Central Bank Governor alongside an ECB council member, Robert Holzmann said that the ECB would not hike interest rates in the coming years, amplifying worries of a protracted negative interest rate in the eurozone

China’s industrial profit rebounds in November, grows at fastest pace in 8 months

29-12-2019

Data released from China’s National Bureau of Statistics had spilled a shimmering ray of hope for the Chinese economy, as China’s industrial profit grew at its fastest pace in eight months on November

Oil gains for fourth straight session, mounts to 3-month peak on weak US inventory

29-12-2019

Both Brent and US crude oil futures’ prices had extended their three-day long rally on Friday, the 27th of December 2019, harboring on to their three-month-peak following reveal of a softer US inventory build last week

Facebook’s Libra had failed in its current form, says Swiss President

29-12-2019

The President of Switzerland said on Friday, the 27th of December 2019, that, the Menlo Park, CA-based social networking Goliath’s crypto currency project had failed to obtain regulators’ approval due to its current form

US Soybean, Wheat futures’ prices hit highest level since Summer of 2018

28-12-2019

US soybean and wheat futures’ prices spiked to their highest level since the summer of 2018 on Friday, the 27th of December 2019, as a growing anticipation of higher purchases from Chinese importers added to investors' optimism

Japan’s industrial output, retail sales fall, signals contraction ahead

28-12-2019

Adding a fresh blow to the world’s third-largest and Asia’s second-largest economy, Japan, amid an ongoing trade row with its noisy neighbor Seoul, Thursday’s government data had revealed a calamitous economic outlook for the closest US ally in Asia,

Kremlin has ships to finish Nord Stream 2 in two months, says Energy Minister Novak

28-12-2019

Russ Energy Minister Alexander Novak said Thursday that the groups behind Nord Stream II AG involving Russian state-backed energy giant Gazprom could complete the 1,222 kilometers pipeline within a timeline of two months

Zambia forces copper miners to disclose gold output

28-12-2019

Government of Zambia had been poring on a plan to compel copper mining companies to disclose the precise amount of golds they had been producing over the recent years

Crude oil extends gains as trade hopes offset demand worries

27-12-2019

On Thursday, the 26th of December 2019, both Brent and US crude futures’ prices extended their three-day long rallies, while crude oil prices rose nearly 1 per cent to top their three-month peak

India’s PM Modi unveils $842 million infrastructure plan to prevent water shortage

27-12-2019

Amid a havoc-scale shortage of groundwater in seven Indian states such as Rajasthan, Haryana, Punjab, Uttar Pradesh, Maharashtra, Madhya Pradesh, Gujrat and Karnataka, Indian PM Modi had unveiled a $842 million infrastructure plan to tackle water shortage

Foreign tourists in Thailand surge 6% in November, as Hong Kong protests drag on

27-12-2019

Thailand, the Southeast Asian country known for tropical beaches with a $505 billion highly tourist-oriented economy, the eighth-largest in Asia, seemed to be bestowed on a rare bonanza over its tourism industry

China November US Soy imports rise as US tariff-free cargoes arrive at ports

27-12-2019

As tariff-free cargoes with US soybean had started off making ways inside China, China’s soy import from the United States rose robustly in November on an annualized basis

Trump says he and Xi will have a China trade deal signing ceremony

26-12-2019

Spurring up optimisms of a Sino-US interim trade deal earlier on January, the US President Donald Trump said on Tuesday that he and his Chinese counterpart XI Jinping would have a signing ceremony for their planned “Phase One” trade deal

Crude oil cruises on supply cut pledges, slow Gulf output

25-12-2019

In a shorter trading session in the global commodity exchanges on Tuesday, the 24th of December 2019, both Brent and US crude oil futures’ prices rose robustly after Kremlin had confirmed its cooperation with the Saudi-led OPEC

Trump invites UK PM Johnson to White House in new year

24-12-2019

US president Donald Trump had sent a tender invitation to Britain’s newly elected PM Boris Johnson to visit him in the White House in the new year, a number of British media headlines had unveiled on Sunday

Italy won’t pump more taxpayers' money in Alitalia, says Minister after €400mn in aid

23-12-2019

Italy's Industry Minister Stefano Patuanelli had cautioned the government-backed airliner Alitalia saying that the country would not pump more taxpayers’ money in to the Alitalia following reveal of €400 million in fresh monetary injection

French travellers face train disruption ahead of holidays as pension strikes go on

23-12-2019

As a number of Paris-dwellers were seeking to leave the Capital city ahead of Christmas holidays, a two-week long nationwide strike of the railway workers had jampacked the railway stations in Paris

Trump says Trade deal with China to be signed ‘very shortly’

22-12-2019

Reinforcing optimisms of an earlier-than-anticipated interim trade deal between the world’s first- and second-largest economy, the US president Donald Trump moulded a surprise remark late on Saturday (December 21st)

US consumer spending posts solid growth in November, erases slowdown fears

22-12-2019

On Friday, the 20th of December 2019, US Commerce Department data had unleashed an animated orchestration of the US economy which grew by 2.1 per cent over the third quarter of the year backed up by a strong labour market

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