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South Korea to spend $6.5 billion in R&D to curb reliance on Japan imports

06-08-2019

South Korea’s government had issued a public statement on Monday saying that Seoul was sketching out a plan to invest as many as $6.48 billion (7.8 trillion won) over the next seven years to ramp up research and development

Zimbabwe hikes gasoline price 26% amid shortage, import tax increase

06-08-2019

On Sunday, the 4th of August 2019, Zimbabwe had again hiked its gasoline price by 26 percent after a raise on fuel import tax last week, suffocating the crisis-sickened nation further

Japan, United States push towards a broad bilateral trade deal by September

06-08-2019

Washington and Tokyo had reached an accord to work out a broad bilateral trade deal by September as an attempt to resolve potential conflict of interests over tariffs on automobile sector and beef

US says 'no free trade treaty with UK' unless digital tax proposal scrapped

05-08-2019

Amid a chaotic debate over lurking possibilities of a no-deal Brexit, Trump Administration had asked Britain to back off of its latest proposal to tax US tech titans

Turkey Central bank will lower interest rate further, says Erdogan

05-08-2019

Voicing a much-stringent tone to reduce the transcontinental nation’s inflation, Turkey’s President Tayyip Erdogan said on Sunday, the 4th of August 2019, that Turkey’s Central Bank would reduce interest rate further

Deadly Siberian forest fire forces Russian oil companies to halt production

05-08-2019

Casting further shadows over the grief-sickened Russian oil industry, the third-largest crude oil producer in the world, a cascade of deadly forest fires in Siberia recently forced multiple oil companies to halt productions

Russia faces new US sanction, Kremlin says system well-insulated

05-08-2019

On Saturday, following another round of US sanction on Russia’s financial system over poisoning a former US Spy in Britain, Finance Minister of Russia, Anton Siluanov said that, Russia’s financial system was well-shielded

German Industry raises alarms over new China tariff, says recession looming

04-08-2019

On Friday, the 2nd of August 2019, a top official of the Federation of German Industries (BDI), raised alarming bell over US President Donald Trump’s new China tariff

Trump defends his stance on new China tariff

04-08-2019

Despite a swath of combat of quotes underway following United States’ new China tariff on all of remaining imports worth of $300 billion, US President Donald Trump said in a tweet on Saturday that "things were going well with China"

US non-farm payroll disappoints in July, a September rate-cut in focus

04-08-2019

An upsurge in the US labor market seems to be running out of steam during beginning of second half of the year amid economic slowdown, as US Labor Department had revealed another set of disappointing data on Friday

China vows to retaliate Trump’s 10% tariff hike on its $300bn exports

04-08-2019

On Friday, the 2nd of August 2019, ratcheting up tensions between the trade-war-struck nations, Beijing’s new envoy to Washington, Zhang Jun told that China would implicate “necessary countermeasures”

Crude oil rebounds 3% as US drilling rig count misses estimates

03-08-2019

On Friday, the 2nd of August 2019, both US and UK crude gained more than 3 percent after witnessing a record intra-day plunge in several years yesterday (August 1st)

US manufacturing mired in soft patch as China tariff weighs on orders

03-08-2019

On Thursday, the 1st of August 2019, US labor department unveiled another bundle of disappointing data pointing towards a withering slowdown in the United States’ economy

US retailers fume on new China tariff, say move will hurt job, spike prices

03-08-2019

On Thursday, the 1st of August 2019, following US President Donald Trump’s latest tweet, that came barking out of the woods without any prior signal, US retailers were bursting with angers over possibilities of a price hike

Bank of England cuts full-year growth forecast to 1.3% ahead of Brexit

02-08-2019

On Thursday, ahead of a likely no-deal Brexit or a Canada-plus type Brexit that may spur tensions further among the EU nations and UK over the near-future, Bank of England had slashed the nation’s growth forecast for 2019

Oil jackknifed 7% lower after Trump's tariff hike on $300bn Chinese imports

02-08-2019

On Thursday, the 1st of August 2019, both UK and US crude went through a sharp nosedive of more than 7 percent, while benchmark US crude futures’ price witnessed its worst intra-day plunge in more than four years

US labor cost moderates in second quarter, Midwest manufacturing dented

02-08-2019

On Wednesday, the 31st of July 2019, US Labor Department had revealed a bundle of disdainful economic data suggesting a further slowdown in economic growth at the beginning of third quarter

Crude climbs on US inventory decline, trade-talk optimism

02-08-2019

On Wednesday, the 31st of July 2019, benchmark crude oil futures’ prices soared and scored fifth straight sessions of gains after reveal of a larger-than-anticipated US inventory decline

Trump says will hit China with new tariffs; trade tension jitters again

01-08-2019

Dumping out possibilities of a near-term resolution of trade dispute between the world’s first- and second-largest economy, US President Donald Trump made an aggressive move to incline a 10 percent tariff hike on $300 billion worth of Chinese exports

US consumer spending slows in June, benign inflation banks on a rate cut

01-08-2019

On Tuesday, the 30th of July 2019, US Commerce Department had reported the smallest gains in consumer spending last month in more than 32-weeks

Cuba imposes sweeping market price control amid inflaming economic crisis

01-08-2019

On Tuesday, the 30th of July, US sanction-hit anti-capitalist government of Cuba had inclined a sweeping price control measure on all of its privately owned and state-controlled business

Crude oil soars on hope of fed rate cut, another US crude inventory decline

31-07-2019

On Tuesday, crude oil futures’ prices rose more than 2 percent on expectation of a softer American dollar following Wednesday’s (July 31st) FOMC minutes, while forecasts of another US crude inventory decline had added further bullish wings

Japan’s factory activity botlenecked to 1½-year-low as trade rows escalate

31-07-2019

On Tuesday, the 30th of July 2019, Japan’s government data showed the nation’s factory activity was telescoped by the most in one year and a half in June, remarking the latest G20 major to post a contraction

Crude oil edges higher on prospect of US interest rate cut

30-07-2019

On Monday, the 29th of July 2019, both UK and US crude futures’ prices posted modest gains, as growing optimism of a likely US interest rate cut less than 24 hours away had offset slowdown worries

Saudi to roll out next phase of flour mill sales as privatization push

30-07-2019

Saudi Arabia, one of the top twenty economies in the world, said on Sunday, the 28th of July 2019, that its state-controlled grain buyer SAGO would set out next phase of sales of its flour mills as a privatization push

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