Socialist Castillo leads Peruvian Presidential election as Sol hits record low

08-06-2021
On Monday, Peruvian Sol tumbled to a record low against its American counterpart following reveal of media toplines that far-left Presidential contender Pedro Castillo had gained a last-minute lead over Fujimori

US Labour Department posts modest Job growth in May as employers raise wages

05-06-2021
On Friday, US Labour Department's closely monitored employment report had unveiled that US employment grew much softer-than-anticipated in May

Oil prices hit two-year high on OPEC+ discipline, demand hopes; Brent tops $72/barrel

05-06-2021
On Friday, US WTI (West Texas Intermediate) and UK crude oil futures had hit their strongest levels in more than two years

US initial jobless claims fall below 400,000 as businesses ramp up hiring in May

05-06-2021
On Thursday, data from US Labour Department had revealed that US initial jobless claims fell below a 400,000 level for the first time since onset of pandemic outbreak more than a year earlier

Sudanese bank launches first green sukuk for renewable energy

03-06-2021
A Sudanese bank had launched the country's first green energy sukuk or Islamic sharia based bond earlier this week

Tempe’s ISM says US factory activity gathers pace; raw material, labour shortage rise

03-06-2021
On Tuesday, ISM said in a statement that its index for US national factory activity gathered traction in May

OECD raises global growth forecast as vaccine rollouts, US stimulus revivify outlook

01-06-2021
On Monday, Paris-based OECD had raised its global growth forecast to 5.8 per cent this year, modestly above a prior estimate of 5.6 per cent unveiled in March

Brent Crude ends at two-year peak as strong demand outlook offsets supply fears

29-05-2021
On Friday, both US and UK crude oil futures' prices closed out the week roughly 5 per cent higher with Brent wrapping up the day at a two-year peak

US consumer prices shoot up as inflation clocks largest annual gain since 1992

29-05-2021
On Friday, US Commerce Department said in a statement that US Consumer prices rose 0.7 per cent last month, while US inflation vaulted the largest annual gain since 1992

White House unfurls $6 trillion budget proposal; hints Money is cheap, let’s spend it

29-05-2021
Late on Friday, the US President Joe Biden had unveiled a $6 trillion budget plan for fiscal 2022

US jobless claims drop to fresh 14-month low as economic recovery accelerates

28-05-2021
On Thursday, US Labour Department data had revealed that US initial jobless claims fell to a fresh 14-month low last week

Singapore first-quarter GDP scales 1.3% higher on upbeat factory output

26-05-2021
Singapore's first-quarter GDP surged as much as 1.3 per cent amid an unprecedented uprising in factory output, official data had revealed on Tuesday

Columbia’s ELFA says US business borrowing for equipment leaps 19% in April

25-05-2021
Columbia-based ELFA said on Tuesday that the US business borrowings for equipment soared 19 per cent in April on a year-on-year basis

Eurozone business growth spikes to three-year high, but ECB’s Lagarde urges caution

23-05-2021
On Friday, survey data from a UK-based British-American research group had unveiled that eurozone's business growth shot up to a nearly three-year high in May

Crude caroms 2% on Gulf of Mexico storm, but clocks worst weekly plunge since March

22-05-2021
On Friday, both US and UK crude futures jumped as much as 2 per cent, however, had reported their worst weekly losses since March

US weekly jobless claims decline below 500,000; mid-Atlantic factory activity cools

22-05-2021
On Thursday, US Labour Department said that the number of Americans filing for first-time state unemployment benefits fell to the lowest since mid-March last week

Oil pummels more than 2 per cent on possible return of Iranian crude

21-05-2021
Both US and UK crude oil futures' prices foundered more than 2 per cent on Thursday amid growing possibilities of a near term supply glut

White House says less than 3% small businesses could face tax hikes under Biden plan

16-05-2021
Late on Friday, White House said in a statement that less than 3 per cent of nearly 30 million US small businesses might face off tax hikes under Biden's latest plan to raise corporate tax to 28%

Oil prices jump as Colonial Pipeline restarts operation; pandemic concerns cap gains

16-05-2021
On Friday, both US WTI and UK crude oil contracts' prices rose more than 2 per cent

US retail sales pause, record saving seen backing spending

16-05-2021
US Commerce Department said on Friday that US retail sales stalled in April following a 10.7 per cent jump in March

US weekly jobless claims drop to 14-month low; inflation heats up

14-05-2021
US Labour Department said on Thursday that the number of Americans filing for first-time state unemployment benefits dropped to the lowest level since mid-March 2020

European Union raises full-year growth forecast to 4.3%, keeps borrowing curb on hold

13-05-2021
On Wednesday, the European Union had raised combined full-year growth projection for 19 members of the bloc sharing the common currency euro to 4.3 per cent in 2021 and 4.4 per cent in 2022, well above an earlier projection of 3.8 per cent

US consumer prices post largest gain since June 2009 as inflation jumps

13-05-2021
On Wednesday, US Labour Department said that its index for US Consumer Prices rose by 0.8 per cent last month, remarking the strongest level in nearly 12 years

US job openings hit all-time high in March as layoffs fall to lowest on record: JOLTS

11-05-2021
On Tuesday, US Labour Department's JOLTS report had revealed that the US job openings had spiked to a record high in March

Crude oil notches weekly gains despite pandemic catastrophe in India

09-05-2021
Crude oil futures' prices rose more than 1 per cent last week despite a severe demand-crunch in India and Japan amid a sharp rise in pandemic cases