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China unleashes new stimulus, slashes tax for students, low-income workers

05-02-2019

In the wake of an excruciating global slowdown and faltered factory data on multiple occasions, the China would be introducing new stimulus to the economy, to grapple with the intensifying grudge of global-scale slowdown.

Brexit and global slowdown, double whammy weigh on Bank of England

05-02-2019

The BoE (Bank of England) meeting due next week would have more than just Brexit on its tangled mind, as a massive-scale global slowdown could have retested its plan of returning to an aggressive rate-hiking policy

EU tallies no-deal Brexit compensation for Irish farmers

05-02-2019

On Sunday, the 3rd of February, 2019, an Irish edition of the Sunday Times Newspaper report revealed, that, the European Commission had confirmed a compensation for the Irish farmers

Arab banks net profit surge by 54%, relieved of Hamas connections

05-02-2019

The largest bank in Jordan, the Arab Bank Group, had made an announcement on Sunday, the 3rd of February, 2019, saying that, their net profit for the year of 2018 had jumped by 54 percent to $820.5 million

Britain will forever regret a no-deal Brexit: Business secretary Greg Clark

04-02-2019

In a newspaper interview on Saturday, the 2nd of February, 2019, Britain’s business secretary, Greg Clark said that the United Kingdom would always regret a divorce with European Union without any rational deal

Malaysia penalizes Deloitte on breaches associated to 1MDB Scandal

04-02-2019

Last week, the security regulators of Malaysia told that they had fined the much-disputed Deloitte for committing four regulatory breaches related to a $584.7 million sukuk program issued by a firm to the scandal-tinted state fund of 1MDB

China races to purchase US soybeans a day after trade talk

04-02-2019

On Friday, February the 1st, 2019, the Chinese state-owned firms had purchased at least 1 million ton of US Soybeans, just a day after the conclusion of high-level bilateral trade talk

Fed pause reaffirms market fears on US growth

04-02-2019

As the US Federal Reserve had indicated last week that they were done with their rate hiking policy for now, US central bank seemed to have pledged a double-edged sword, signaling explicit confirmation of nerve-wracking anxiety of US growth

US job growth stays gnarly, unemployment rate jumps to 4.0 percent

03-02-2019

In January, the US job growth rose, while employers had been hiring most in past eleven months, highlighting the underlying strength of the US economy despite a gloomier financial outlook

Trump optimistic on trade talk, seeks encyclopedic access for US firms

02-02-2019

While a high-level talk between United States and China had been extended on to an additional third day, the US president Donald Trump voiced resilience on forging a fathomable tariff deal with China

OPEC output drops to two-year low amidst Saudi cut & Venezuela sanction

02-02-2019

According to a press agency survey report revealed on Thursday, the 31st of January, the OPEC oil supply had dropped in to two-year low, as Saudi Arabia and its crude producing gulf allies had curbed the crude oil production

Europe eyes Iranian Crude, seeks to bypass US sanction

02-02-2019

United Kingdom, Germany and France are seeking an opportunity to channel a non-dollar trade with Iran, while averting the US sanctions

US weekly jobless claim rushed to 1 & 1/2 year high following govt shutdown

02-02-2019

The figures of US nationals applying for unemployment benefits had surged to nearly one-and-a-half-year high last week, triggering a contemptuous concern of a sluggish labor market, following a record 35-day long federal government shutdown

Brexit Amendment forwards May to Brussels to renegotiate a Brexit backstop

01-02-2019

On Wednesday, the 30th of January, 2019, following the Tuesday’s (Jan 29th) Brexit Amendment vote, that proffered a breathing space for the UK PM Theresa May and sent her again to Brussels to renegotiate a Brexit backstop deal with European Commission

Fed leaves interest rates unchanged, US Dollar ditched to four-month low

01-02-2019

On Wednesday, the 30th of January, 2019, the US Federal Reserve had kept the interest rate unchanged and told that they would be patient while increasing the lending cost further this year, as there had been growing uncertainty in the US economic outlook

Crude oil price oozing on tighter US supply following Venezuela sanctions

01-02-2019

On Wednesday, the 30th of January, 2019, the crude oil price soared, as the US govt. data displayed signs of squeezed supply and investors seemed to crocodile-catch the buying opportunity amid an inevitable supply disruption following Venezuela sanction.

Yahoo peters out to settle data breach deal with US Justice Department

31-01-2019

In a Monday (Jan. 27th) night decision, a US judge had rejected Yahoo’s settlement proposal over the allegations of lack of transparency on their internet services, which experienced the largest data breach in history

US sanction on Venezuelan state oil firm, pressure mounts on Maduro

31-01-2019

On Monday, the 27th of January, 2019, the US administration had imposed sweeping sanctions on PDVSA, the Venezuelan state-owned oil firm, which used to export around 5,20,000 barrels of heavy crude per day to US refineries.

Disaster in dam extinguish $16.4 billion market cap of Brazil’s Vale SA

30-01-2019

On Monday, the 28th of January, 2019, the shares of Brazilian miner, Vale SA, experienced a histrionic nose-dive, whacking nearly $16.4 billion of its market capitalization

Madrid taxis block major roads in largest anti-Uber protest so far

30-01-2019

During the Monday (Jan. 28th, 2019) morning rush hours, thousands of taxis blocked the central traffic circulation system of Madrid, posing their biggest anti-Uber protest yet, as an attempt to seek firmer regulations on Uber

US lifts sanctions on Russian Oleg Deripaska, Rusal hits all-time high

30-01-2019

On Sunday, the 27th of January, the Trump administration had lifted sanctions over the Russian tycoon, Oleg Deripaska, including the aluminum magnate Rusal, alongside its parent organization En+, although a democrat-led push attempted to bar the endeavor

India’s bankruptcy reforms rotting in the courts

29-01-2019

During the introduction of new bankruptcy rules in 2016, the Indian government officials and investors had expresses extreme optimism, saying that the new bankruptcy resolution would assist the debt-piled state-owned financial organizations

Ambitious Saudi to seek private investments worth of $427 billion

29-01-2019

On Saturday, the 26th of January, 2019, the Saudi Energy Minister, Khalid al-Falih said that the Saudi Arabia had been seeking private sector investments worth of over $427 billion over the next ten year through a thorough industrial development

European economy, “very much okay”, says Netherland’s Knot

29-01-2019

On Sunday, the 27th of January, 2019, the President of the Dutch Central bank, Klaas Knot said that the European economy was “very much okay”, despite daedal distress over the trade conflicts

Brexit deadline could be delayed in short term, says Leadsom

29-01-2019

The Brexit date could be delayed a couple of weeks in order to proffer time to the UK policymakers for the legislations to be approved in the House of Commons, the leader of UK’s lower house of parliament, Leadsom said on Saturday

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