Economy | Page 10 Of 51

• Home
• News
• economy

Argentina raises taxes on Soybean export to 30%, corn & wheat to 12%

16-12-2019

On Friday, the 13th of December 2019, Argentina’s newly elected centre-left government of Presidents Mario Fernandez hiked levies on exports of Soybeans and Soybean derivatives to 30 per cent

Ethiopia secures $3 billion in debts from the World Bank

16-12-2019

Ethiopia had nailed a whopping sum of $3 billion from the World Bank as debts in a bid to cement a sweeping reform of its conventionally state-controlled economy

Bundesbank halves Germany’s growth forecast to 0.6 per cent for 2020

16-12-2019

Bundesbank, the Frankfurt-based Central Bank of the Federal Republic of Germany, had halved the western European nation’s economic growth projection for 2020 to 0.6 per cent from a prior forecast of 1.2 per cent

Russian Central Bank cuts benchmark borrowing cost again by 25bps to 6.25%

16-12-2019

On Friday, the 13th of December 2019, the Central Bank of Russia’s Board of Directors had reached a decision to slash its key lending rate again by 25 bps to 6.25 per cent from an earlier 6.50 per cent in a bid to revive the nation’s slowing economy

US Treasury’s Mnuchin says trade deal with China will boost global economy

16-12-2019

On Saturday, voicing a resounding tone over global economic outlook in 2020, US Treasury’s Mnuchin said that a “Phase One” trade deal between Washington and Beijing could stem a spirited outlook for global economic growth

China to lower economic growth forecast to 6% for 2020

15-12-2019

China was drawing out a plan to downsize its economic growth target to a reading of roughly 6 per cent in 2020 from this year’s growth forecast of 6 per cent to 6.5 per cent

US retail sales lacklustre; Q4 economic growth outlook dims

15-12-2019

On Friday, the 13th of December 2019, data from US Commerce Department had poured scorns over a recent raft of upscaled US economic readings including a robust upsurge in consumer spending on November,

Oil oozes near three-month peak as trade deal, UK election boost sentiment

15-12-2019

On Friday, the 13th of December 2019, both UK and US crude oil futures’ prices posted solid gains and spiked to their highest levels in nearly three months

Trump and Beijing officials announce limited trade accord, agree to tariff rollback

14-12-2019

On Friday, the 13th of December 2019, leading trade negotiators of Washington and Beijing had cooled down trade tensions announcing a limited “Phase One” trade deal

Unites States reaches ‘deal in principle’ with China on trade

14-12-2019

On Thursday, the 12th of December 2019, Washington had reached a “deal in principle” with Beijing in a bid to resolve its seventeenth-month-long acrimonious trade spat that toiled trillions of dollars from the global financial markets

Brazil slashes interest rate to all-time low 4.50%, hints a pause on easing cycle

13-12-2019

Central Bank of Brazil had slashed its benchmark borrowing cost to an all-time low of 4.50 per cent on record in a bid to revive the nation’s slowing economy which appeared to have benefitted the most from a Sino-US trade spat

US federal Government posts $209 billion budget deficit in November

13-12-2019

On Wednesday, the 11th of December 2019, remarking another month of unjustified spending of the US President Trump alongside his Administration, the US Federal Government had posted a record $209 billion budget deficit last month

US Consumer spending picks up in November as gasoline cost, rents surge

13-12-2019

On Wednesday, the 11th of December 2019, data released from the US Labour Department had eased concerns of a slowdown fret which had been shivering money markets over the past few weeks

Fed keeps interest rate on hold, signals favourable economic outlook next year

12-12-2019

On Wednesday, the 11th of December 2019, at its final policy meet of the year, the US Federal Reserve kept interest rate on hold adding that the benchmark lending costs in the United States would not be changed anytime soon

Crude oil plummets 1% on surprise US inventory build

12-12-2019

On Wednesday, the 11th of December 2019, both US and Brent crude futures’ prices pummelled almost 1 per cent during US midday trading hours following reveal of a surprise crude inventory build

US productivity tumbles in Q3, labour costs revised lower

12-12-2019

On Tuesday, the 10th of December 2019, data from US Labour Department had fanned the flames of a blazing slowdown fear further amid a decade-low US manufacturing activities still choking in to recession

US, Mexico and Canada approve revised USMCA deal

11-12-2019

On Tuesday, the 10th of December 2019, policymakers of Canada, United States and Mexico reached an accord on a fresh revamp of an earlier USMCA deal that replaced a nearly three-decade old NAFTA last year

Hong Kong in dire-strait, braces for a wave of store closure amid protests

11-12-2019

On Monday, HKRMA (Hong Kong Retail Management Association) said that more than one-tenth of Hong Kong city retailers would likely to shutter down their operations in the island city

Crude Oil Rebounds but Gains Capped as Trade War Weighs on Demand

11-12-2019

On Tuesday, the 10th of December 2019, both US and UK crude oil futures’ prices winded down the day with modest gains, paring earlier losses witnessed yesterday (December 9th)

House Democrats, USTR near a deal to pass revised USMCA agreement

11-12-2019

US House Democrats alongside the USTR (United States Trade Representative) Robert Lighthizer had been in an advanced-stage talk to ratify a revised edition of USMCA (United States-Mexico-Canada Agreement) deal

French government adamant on pension reform as nationwide strikes continue

10-12-2019

On Saturday, French Govt. of centre-left President Emmanuel Macron said that the French Govt. would remain determined to execute its planned pension reforms despite nationwide protests

UK PM Johnson promises lower immigration if he wins December 12th election

10-12-2019

Later this week, UK PM Johnson had pledged to reduce immigration rate if he could retain power in the December 12th general election, however, Johnson also added he was not hostile to foreign workers looking to work and live in Britain

Iran instruments budget to deter US sanction impacts as oil export plunges

10-12-2019

On Sunday, the 8th of December 2019, the Iranian President, Hassan Rouhani, had handed out a draft budget of about $39 billion in to the Iranian Parliament, adding that the budget was engineered to dissuade impacts of US sanctions

China November exports fall, but import growth allays demand concerns

10-12-2019

On Sunday, the 8th of December 2019, customs data from China had revealed a shimmering a ray of positivity for the Chinese economy which was scuffling amid a three-decade low growth figure in Q3, 2019

Mexico, US draw closer to finalize USMCA deal

10-12-2019

Negotiators from the United States alongside Mexico were harbouring “very close” to finalize a USMCA (United States-Mexico-Canada Agreement) deal, a White House source familiar with the subject-matter said on Saturday

1

8

10

12

19

51