Crude oil plunged to 13-month low as coronavirus fears hinder global demands

04-02-2020
On Monday, the 3rd of February 2020, both US and UK crude futures’ prices fell to their lowest level in more than a year as a rising death toll stemmed from an intransigent coronavirus outbreak across China had been tormenting demand outlook

India’s 2020/21 budget focuses on tax cuts, farm spending to revive growth

04-02-2020
On Saturday, Indian Finance Minister, Nirmala Sitharaman had unfurled the world’s fifth-largest economy’s budget for fiscal year 2020/21, pledging to proffer a boost to the purchasing power of the Indian nationals

Germany harbours world’s largest currency account surplus, says IFO

03-02-2020
Earlier in the Asia-Pacific trading hour on Monday, the 3rd of February 2020, the Munich-based Ifo Institute of economic research said in a statement that Germany had scored the world's largest current account surplus last year

Algerian President to place $150 million in debt-laden Tunisian Central Bank

03-02-2020
On Sunday, the 2nd of February 2020, the President of Algeria, Abdel Majid Taboun said that his country would place a stark sum of $150 million in the Tunisian Central bank as fiscal aid

US consumer, factory data disappoints again, suggests economy losing traction

02-02-2020
US Commerce department's December data had resounded a growing outcry in US consumer spending, the lifeline of US economy’s decade long economic expansion accountable for roughly two-thirds of United States’ entire economic activity

US economy misses Trump’s 3 per cent growth target in 2019

01-02-2020
On Thursday, the 30th of January 2020, the US Commerce Department had reflected a moderate pace of growth for the US economy

A new dawn: Britain finally leaves EU in joy and sorrow after 3 years of wrangling

01-02-2020
On Friday, the 31st of January 2020, Britain, which had joined the European Union shortly after the years of Cold War back in the 1973s, leaves the ‘bloc’ as planned, remarking the United Kingdom’s most significant structural change since colonial er

Oil slides to near three-month lows as virus fear looms, OPEC mulls emergency meeting

31-01-2020
On Thursday, the 30th of January 2020, both Brent and US crude futures’ prices shed more than 2 per cent to hit a fresh three-months low as frets of potential financial impacts of coronavirus has been spreading across the globe

Trump signs off USMCA, ends NAFTA nightmare; key democrats not invited

31-01-2020
On Wednesday, the 29th of January 2020, US President Donald Trump had signed off an amended version of USMCA (United States-Mexico-Canada) deal as stated earlier in a bid to replace the 26-year-old North American Free Trade Agreement

US business investment edges lower, consumer confidence at five-month peak

30-01-2020
On Tuesday, the 28th of January 2020, US capital goods order data for December released by the US Commerce Department had reflected a jejune portrait of the US economy

US budget deficit to top $1 trillion in 2020 despite a solid economy, says CBO

30-01-2020
On Tuesday, the 28th of January 2020, the non-partisan Congressional Budget Office (CBO) predicted that the US economy would likely to grow at a solid rate of 2.2 per cent, but its budget deficit could surpass a threshold $1 trillion this year

Trump’s massive US-UK trade deal hits dead-end after javid-Mnuchin clash

29-01-2020
Although Britain may be the closest ally of the United States, yet their relationship appears to be witnessing a transitional period following latest exchange of fresh barbs on digital taxation over the stages of World Economic Forum

Canada starts off USMCA ratification process, urges bi-partisan co-operation

29-01-2020
Earlier on Monday, the 27th of January 2020, the Canadian minority Liberal Government had begun a USMCA ratification procedure, less than 48 hours before the US President Donald Trump has been set to sign off the deal

Oil totters to three-month lows as Wuhan Coronavirus stokes steep demand concern

28-01-2020
On Monday, the 27th of January 2020, both US and UK crude futures’ prices fell more than 3 per cent to a three-month low figure as growing death toll from China’s Wuhan coronavirus outbreak had tormented travel and fuelling demands

US pressing India to purchase $5-$6 billion more farm goods to seal a deal

27-01-2020
Ahead of a upcoming visit of the US President Donald Trump to Indian PM Narendra Modi, New Delhi had been bracing for heavy impacts from a number of new US demands including a purchase of $5 to $6 billion worth of US farm goods

Italy’s budget deficit to be lower than anticipated, says Economy Minister

27-01-2020
On Friday, brightening up outlook of the bloc’s third-largest economy after German and France, Italian Economy Minister, Roberto Gualtieri said that the country’s budget deficit for the fiscal year 2019 would likely to come in below an earlier projecti

India to raise import tariffs on more than 50 items next week

26-01-2020
India, the third-largest economy across the globe by PPP (Purchasing Power Parity) and the fifth-largest by nominal GDP, had been exploring an option to hike import levies on more than fifty items

EU, China and 15 others agree to a temporary fix of WTO crisis

26-01-2020
On Friday, the 24th of January 2020, China, European Union alongside 15 other WTO members had agreed to instrument a momentary mechanism in a bid to settle wide-ranging trade disputes, a majority of which were stemmed from US sanctions

UK crude notches worst weekly loss in a year as China virus fear stoke slowdown fear

25-01-2020
On Friday, the 24th of January 2020, both US and UK crude futures’ prices dropped more than 2 per cent, while Brent crude futures’ prices had scored its steepest slump in more than twelve months

Insys founder Kapoor sentenced to 66 months in prison over US opioid endemic

25-01-2020
Late on Thursday, the American multi-millionaire John Kapoor, 76, the founder of the bankrupted US pharmaceutical based on Chandler, Arizona, Insys Therapeutics, was sentenced to 66 months in prison

Guyana in hunt for oil firms to trade its crude

25-01-2020
Guyana, which is expected to produce 750,000 barrels of crude oil per day by 2025, had been brewing off a plan to begin a search for an oil company aimed at sharing its South American crude

Trump to sign USMCA trade deal Wednesday at the White House

24-01-2020
Late on Thursday, the 23rd of January 2020, a Trump administration official said to a press agency on condition of anonymity that the US President Donald Trump would soon sign off the amended version of USMCA on Wednesday

Trump threatens big tariffs on EU autos as German envoy to US strikes back

24-01-2020
On Wednesday, US President Donald Trump threatened the European Union with a higher tariff on Europe-borne autos if the bloc did not agree with a trade deal

US & Britain exchange fresh threats in tech tax row

23-01-2020
On Wednesday, the 22nd of January 2020, a battle appears to be brewing over the horizon on how Europe will tax global heavy-weight tech conglomerates over the coming days

Macron and Trump declare truce in digital tax dispute

23-01-2020
Late on Monday, the 20th of January 2020, the French President Emmanuel Macron said he had a “great conversation” with his US counterpart Donald Trump about a planned 3 per cent digital tax