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Turkish watchdog to investigate JPMorgan after lira plunge

25-03-2019

On Saturday, the 23rd of March 2019, the Turkish financial and banking watchdog said that they had initiated a probe on JPMorgan Chase & Co. and other banks over complaints they received after a steep fall of Turkish Lira

Hundreds of thousands march in London for a new Brexit referendum

25-03-2019

On Saturday, the 23rd of March, thousands of people, opposing United Kingdom’s withdrawal from EU had marched through Central London, demanding a new referendum as the excavating Brexit chaos had been sinking PM May’s authority

China to cut time for patent review by 15 percent

25-03-2019

Chinese Government had been exploring a potential option to slash time for patent reviews as much as by 15 percent later in 2019, a Chinese state-owned news agency, Xinhua report revealed on Saturday

US factory sectors soften, yields-curve inverted, lethal sign for economy?

24-03-2019

In March, US manufacturing activity had surprising dropped despite a strong labor market and wage growth, pointing towards a troubling sign that the economy might soon have joined China, Italy & Germany

Saudi pushes for at least $70 per barrel crude oil

23-03-2019

Budget concerns had been pressing Saudi to thrive for a higher oil price of as little as $70 per barrel this year, at least three industry sources with knowledge regarding OPEC output cut mentioned on Friday

Global growth rebound hopes buffeted by weak factory data

23-03-2019

In march, manufacturers of world’s top five economic superpowers had languished lavishly, as surveys showed a deteriorating outlook on factory output amid a gruesome trade war

Fed prods Americans to purchase more on credit

23-03-2019

Federal Reserve’s much more dovish-than-anticipated decisive statement earlier this week had already signaled that another interest rate-hike this year might have already been out of the questions, goading the US citizens to purchase more

Fed says no rate hike in 2019, slashes growth forecast

22-03-2019

Later on, Wednesday, the 20th of March 2019, the US Federal Reserve had put an end to its rancorous cycle of rate hiking, evaporating possibilities of any rate hike this year

US crude surges above $60 per barrel on squeezed supply

22-03-2019

On Wednesday, the 20th of January, the US crude price rose above $60 per barrel for the first time in 2019, to a fresh four-month high

Canada budget offers stimulus, yet may not be enough to re-elect Trudeau

21-03-2019

On Tuesday, the 19th of March 2019, the Canadian PM, Justin Trudeau’s government had introduced new financial stimulus, mostly aimed for the middle-class voters

US factory orders barely rise in January, shipments sour

21-03-2019

In January, new orders for US made goods rose less-than-anticipated and shipments had fallen further for fourth straight month in a row, proffering further evidence of a steep contraction in the manufacturing activity.

Mexico and Brazil to create free trade zone for light vehicles

21-03-2019

On Tuesday, the 19th of March 2019, the Mexican government had said that they had agreed to a free trade with Brazil for light vehicles, which had been subjected to 40 percent of regional content requirement

Brexit drives biggest UK business investment cut in a decade

19-03-2019

On Monday, the 18th of March 2019, an employer group said that the scale of business investment on United Kingdom had dwindled to its lowest level in 2019 in a decade.

Trump’s offshore drilling proposal to include Atlantic East Coast

19-03-2019

On Saturday, the 16th of March 2019, at a latest energy industry conference, a US Interior Department official had said that the Trump Administration would more likely to open up particular portions of the Atlantic for drilling critical energy supplies

Northern Irish DUP may back UK PM’s Brexit deal next week

19-03-2019

A Spectator Magazine report revealed that the Norther Irish party, DUP, which had been highly critical to pass PM May’s amended Brexit deal through the UK House of Commons, would likely to support PM May’s third Brexit vote next week

Arab Funds signs $300 million financing agreement with Sudan

18-03-2019

On Saturday, the 16th of March 2019, a spokesman for Arab Funds authorities said that Sudan had recently signed a $300 worth of loan deal with Arab Funds, as its government had been thriving to grapple with an economic crisis

China may cut interest rates sooner as economic aid

18-03-2019

On Friday, the 15th of March 2019, the Chinese Premiere, Li Keqiang said that China wanted to avert a steep economic contraction by any means, even if it would cost a slash on the interest rates.

Euro zone inflation rises slightly, ECB target still a million miles away

18-03-2019

On Saturday, the 16th of February, an analysts’ poll containing economists, analysts and journalists had said that the inflation in the Euro area had raised slightly on February, yet it remained well-below ECB’s target of 2 percent

US job opening surged 1,02,000 in January: Labor Dept.

17-03-2019

On last Tuesday (March 12th), the US Labor department had mentioned in their monthly Job Openings and Labor Turnover Survey (JOLTS), that a revised data on US Job openings in January had shown an increase of 1,02,000 jobs

US manufacturing sector muzzled, economy loses momentum

16-03-2019

On Friday, US manufacturing data had revealed that the output had plunged for second straight months in February, alongside factory activity over New York State had been contracted to a two-year low

Trump’s Trade war cost US economy $7.8 billion in 2018

16-03-2019

On Friday, study conducted by a team of economist from leading American Universities Published this week had revealed that the US President Donald Trump’s rattling battle with China had cost his economy over $7.8 billion last year

Trump-Xi trade summit postponed, Aussie shares tumble

15-03-2019

On Thursday, the 14th of March 2019, US Treasury Secretary, Steven Mnuchin said that a trade summit between Chinese President Xi Jinping and US President Donald Trump would not take place by the end of March

MPs voted down no-deal Brexit in any conditions, pound soars 9-month high

15-03-2019

On Wednesday, the 13th of March 2019, the UK lawmakers had rejected a no-deal Brexit scenario, cementing the way to delay the Brexit and to find a way out of the nation’s worst political gridlock in generations.

Parliament crushes PM May’s EU divorce deal, Sterling volatile

14-03-2019

On Tuesday, the UK lawmaker had simply whacked the PM May’s European Union Brexit amendment deal, slumping Britain into deeper crisis and forcing the UK House of Common to decide within next two days whether to back a no-deal Brexit

Pompeo set to meet oil executives, push US crude exports, Iran issue

14-03-2019

US secretary of State, Mike Pompeo would be meeting with top oil executives before addressing a conference scheduled to be held later on Tuesday (March 12th), at least three people of companies briefed on the subject matter revealed

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