Crude oil surges 3 per cent after steepest weekly plunge since mid-April

03-11-2020
On Monday, following release of a series of upbeat manufacturing data across the globe, crude oil futures' prices rose as much as 3 per cent

US consumer spending surges in September, but worries mount on Government stimulus

01-11-2020
US Commerce Department said in a statement earlier on Friday that the US Consumer Spending rose 1.4 per cent in September

US economy reports record-breaking growth in third quarter, yet pandemic scar to last

31-10-2020
On Thursday, US Commerce Department said in a statement that the US GDP grew by a record 33.1 per cent over Q3, 2020 that ended on September 30

Crude oil pummels to five-month lows on renewed pandemic lockdown

30-10-2020
On Thursday, both US and UK crude oil futures' prices faltered as much as 4 per cent, heading towards scoring their steepest weekly percentage declines since April 13

Oil totters over 5% to four-month lows as pandemic worries jitter

29-10-2020
It was a black Wednesday for the black gold futures' prices, as both US and UK crude tumbled as much as 5 per cent amid a likely demand crunch brewing over the horizon

US core capital goods orders hit six-year high in Sept.; consumer confidence ebbss

28-10-2020
Bolstering analysts' view that the US economy's recovery from the pandemic-propelled slump had been slowing down, US Commerce Department said on Tuesday that the US Consumer Confidence fell to the lowest level since the October of 2016

Crude oil woes 3% on pandemic resurgence, Libyan output rebound

27-10-2020
On Monday, both US and UK crude oil futures' prices fell as much as 3 per cent following a rise in pandemic cases alongside a restoration of Libyan crude output

Oil falls 2% as Libyan output soars, pandemic-driven demand worries weigh

25-10-2020
On Friday, oil future' prices fell as much as 2 per cent after Libyan oil authorities had reaffirmed their stance to flesh up oil output up to 1 million barrels per day in four weeks

US initial jobless claims fall to lowest level since mid-March

24-10-2020
On Thursday, US Labour Department data had revealed that the US initial jobless claims had fallen below a staggering 800,000-level for the first time since mid-March

China’s economy regains momentum as pandemic recovery accelerates

20-10-2020
On Monday, China's National Bureau of Statistics had reported that the world's No. 2 economy grew 4.9 per cent over fiscal Q3, 2020 that ended on September 30

Italy approves new stimulus package to aid pandemic-hurt economy

19-10-2020
Following a late-night cabinet meeting on Sunday, Italy's Economy Minister said in a Facebook post that the Coalition Government of Italy had agreed to add a €39 billion pandemic stimulus bill on fiscal 2021 budget

Oil falls on pandemic resurgence, frets of more supply

18-10-2020
On Friday, US and UK crude faltered marginally, though both crude oil futures' prices had registered modest percentage gains over the week

US retail sales surge 1.9% in September; outlook remains gloomy

18-10-2020
On Friday, US Govt. data released on Friday had shown that the US retail sales had jumped as much as 1.9 per cent in September following a 0.6 per cent rise a month earlier

US posts record $3.1 trillion budget deficit in fiscal '20 - A whiplash in red ink

18-10-2020
On Friday, US Treasury and Trump Administration said in a joint statement that the US Government's budget deficit had soared to a record $3.1 trillion in fiscal year 2020 that ended on Sept. 30

New York rating agency Moody’s downgrades UK as pandemic, Brexit shamble outlook

17-10-2020
On Friday, global credit rating agency Moody's had slashed UK's sovereign credit rating to "Aa3" from an earlier "Aa2" citing the pandemic hobbles

US Industrial Output falls 0.6% in September as second wave of pandemic looms large

17-10-2020
US Federal Reserve said in a statement on Friday that the US Industrial Output fell by 0.6 per cent in September, remarking the first decline after four straight months of gains

US initial Jobless claims rise to two-month peak to 898,000; layoffs soar

16-10-2020
US Labour Department said in a statement on Thursday that the US weekly initial jobless claims soar to a two-month peak of 898,000 last week

G-20 extends poor nations’ debt repayment deadline for 6 more months

16-10-2020
Amid a deluge of dismal data indicating a sharp downturn in global economy, leaders of G-20 nations had suspended poor nations' debt repayment deadline for an additional six months

US wholesale prices rise 0.4 per cent in September as food costs surge

16-10-2020
On Wednesday, US Labour Department said in a statement that the US Producer Price Index rose 0.4 per cent in September, in part due to a mass-scale upsurge in food costs

US Consumer Prices rise 0.2 per cent in Sept.; inflation seen tepid

13-10-2020
On Tuesday, US Labour Department data had revealed that the US consumer prices index rose by 0.2 per cent last month following a gain of 0.4 per cent in August

Oil prices slide 1%, but register 9% in weekly gains as Norway oil worker strike ends

11-10-2020
On Friday, Brent and US WTI crude oil futures' prices pummelled as much as 1 per cent, though the benchmarks had logged a weekly percentage gain of over 9 per cent

Pandemic relief pushes US budget deficit to a record $3.1 trillion last year

10-10-2020
On Thursday, US Congressional Budget Office said in a statement that the US budget deficit had climbed to a record $3.1 trillion over the last fiscal year that ended on September 30

US weekly initial jobless claims edge lower as scepticisms grow over Government data

10-10-2020
On Thursday, data released from the US Labour Department had revealed that the US initial jobless claims fell marginally to 840,000 in the week that ended on October 3

Crude oil climbs on supply cuts in US Gulf, plausible reversal in OPEC+ output rise

09-10-2020
Crude oil futures' prices bounced back strongly on Thursday and had pared all of their previous session's losses, as a likely pause in an OPEC+ move to rise output earlier on 2021, had backed crude oil prices

Washington-based World Bank says pandemic could push up to 150mn into extreme poverty

09-10-2020
On Wednesday, World Bank said in a statement that the pandemic outbreak could push at least 150 million people across the globe into extreme poverty