Capitalism has failed in pandemic, market needs reform: Pope Francis 05-10-2020 On Sunday, Pope Francis had laid out his viewpoints for a post-pandemic world in a new encyclical that heavily scrutinized market freedoms
European Central Bank takes a step closer to introducing digital euro 04-10-2020 ECB said in a comprehensive report on Friday that the bloc's Central Bank had been prepared to introduce a digital version of its euro
Oil wobbles 4%, posts second straight weekly decline after Trump gets infected 04-10-2020 On Friday, both US and UK crude oil futures' prices had beaten a hasty retreat following reveal of a cascade of downbeat economic data alongside media reports that said the US President Donald Trump was infected with the pandemic pathogen
US non-farm payroll slows; nearly 4 million Americans permanently unemployed 04-10-2020 On Friday, US Labour Department said in a statement that the US non-farm payrolls rose by a modest 661,000 jobs last month, stoking fears of a fierce slowdown in the cards
US weekly jobless claims hover above 800,000 as layoffs remain elevated 03-10-2020 US Labour Department said on Thursday that the US weekly jobless claims had declined marginally to a still-high 837,000 over the week that ended on Sept. 26
American private payrolls step up in September; challenges loom 01-10-2020 On Wednesday, US ADP National Employment data had said in a statement that the American private sector employers had stepped up hiring in September
US Consumer Confidence surges by the steepest pace in 17 years to 101.8 in Sept. 01-10-2020 On Tuesday, The US Conference Board said in a statement that the US Consumer Confidence had surged by the steepest pace in September in 17 years following hefty losses in August
Crude oil rises 1% on recovery hope, pandemic fears check price gains 29-09-2020 Both Brent and US WTI Crude oil futures' prices rose as much as 1 per cent on Monday, as an upbeat China factory data alongside hopes a US pandemic stimulus had added to investors' optimisms
Chinese Industrial firms' profit climbs for fourth straight month in August 29-09-2020 Earlier on Saturday, China's Office of National Statistics said in a statement that the Chinese industrial firms' profits rose for the fourth straight month in a row in August
US business spending surge more than expected in August; outlook uncertain 28-09-2020 On Friday, US Commerce Department said in a statement that the US capital goods' orders had surged more than anticipated in August, suggesting an uptick in business expenses
Oil woes on supply concerns, soaring US stockpiles 27-09-2020 On Friday, both US and UK crude oil futures' prices had been inched lower on growing worries of a likely supply glut over the coming weeks
US initial jobless claims rise as fiscal stimulus fades 27-09-2020 US Labour Department said in a statement later this week that the laid-off Americans filing for the state unemployment aids rose last week
Chicago soybean futures set for first weekly plunge in six months amid US harvests 26-09-2020 Soybean futures' prices scheduled to be expired on September and November have been set for the first weekly percentage decline since mid-March in the Chicago Board of Trade
Britain warns no-deal Brexit could see 7,000 trucks at border queues 25-09-2020 On Wednesday, the UK Government of PM Boris Johnson had warned a number of logistic firms to prepare for a no-deal Brexit
Fed’s Powell voices optimism on recovery, but urges for further federal aid 23-09-2020 Fed Chair Powell and US Treasury secretary Mnuchin had expressed a cautious optimism over hopes of a quicker-than-anticipated turnaround in US economy
Oil plunges 5% as global economy swoons in line with spike in pandemic cases 22-09-2020 On Monday, crude oil futures' prices had witnessed a sweeping plunge of as much as 5% as a strident rise in pandemic cases had triggered worries of a second wave of the outbreak
US Agricultural Dept. details up to $14 billion in new pandemic relief for farmers 20-09-2020 US Agriculture Department had announced an upsum of $14 billion in second round of pandemic relief bill late on Friday
California’s Playboy Enterprise explores deal to return to stock market 19-09-2020 Late on Friday, a press agency report had revealed that the fashion and lifestyle magazine playboy owner Playboy Enterprises had been exploring an option to make a re-entrance into the US stock market
Oil roars back as OPEC+ address market weakness 18-09-2020 US and UK crude oil futures jumped as much as 2 per cent on Thursday following upbeat remarks from the OPEC members and its allies
OECD report finds global economic outlook not as bad as expected 18-09-2020 Paris-based international trade body OECD said on Wednesday that the fiscal fallout of the pandemic outbreak might be lower than anticipated
US retail sales soar for fourth straight month as growth losses traction 17-09-2020 US Commerce Department said in a statement on Wednesday that the US retail sales rose by 0.6 per cent last month, though a slowdown in the pace of growth had taken a heavier toll on analysts' optimisms
Fed sees core interest rate near-zero at least until 2023 17-09-2020 Following a two-day meet of the US Fed policymakers, the Federal Reserve Chair Jerome Powell had vowed to keep the US Central Bank's core interest rate at a near-zero level at least until end-2020
US industrial production growth slows, up 0.4 per cent in August 17-09-2020 US Federal Reserve said in a statement on Tuesday that the US Industrial production grew by 0.4 per cent in August, remarking a notable decline in the pace of growth
Trump Administration drops tax on Canada aluminium, averts retaliatory tariffs 16-09-2020 On Tuesday, the Office of USTR (United States Trade Representative) said in a statement that the United States had cancelled a 10 per cent added levy on Canadian aluminum
China proclaims new rules to tighten control over financial holding companies 15-09-2020 On Sunday, Central Bank of China had introduced a number of legislation for the financial holding companies in a bid to solidify the country's vast financial sector
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