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ECB’s Weidmann, a potential successor of Draghi, says 'no policy change'

28-05-2019

ECB (European Central Bank) policymaker and a presidency candidate, a German orthodox, Jens Weidmann said on Sunday, the 26th of May 2019, that, he saw no need for ECB to change its policy in a near-term outlook

Promising employments, Ramaphosa takes oath as South Africa’s president

27-05-2019

On Saturday, the 25th of May 2019, promising new employments and justice for the poor, the trade-unionist then turned-to-businessman, Cyril Ramaphosa had taken vow as South African new President.

World fronts on to ‘clear & present danger’ from trade war escalation: OECD

27-05-2019

Amid a wide-ranging warning flying around the Sino-US trade spat, head of OECD had recently added himself into the tallies, saying that the world had been exposed out over a clear and present danger from the escalated trade war

Yuan short-sellers will bear terrible losses: China’s top banking regulator

27-05-2019

On Saturday, the 25th of May 2019, the Banking and Insurance regulator of China had said that it had not been foreseeing a persistent devaluation of Chinese Yuan to offset Trump’s tariff rows

Industry-grade Metal jumps despite declining demand on China hopes

26-05-2019

On Friday, ahead of a long Weekend on US market, nickel spiked to a two-week high and other industrial-grade metals had gained over hopes of a positive resolution of US-China trade conflict alongside a much-softer American dollar.

UK immigration falls to five-year lows, as EU-worker rush slows

26-05-2019

On Friday, the 24th of May 2019, UK Official data had revealed that the number of long-term immigrations to Britain had been dropped to a five-year low in 2018, partly catalyzed by a fall of influx of EU workers

US tariff on China to rattle American Households, says NY Fed

25-05-2019

On Thursday, the 23rd of May 2019, a research published by New York Federal Reserve Bank had unveiled a simmering projection of US economy on Trump’s China tariff,

Arun Jaitley will not be Indian finance minister after PM Modi's reelection

25-05-2019

The 66-year-old is not inclined towards taking up the position because of failing health

Trump trumpeted $16 billion farm aid plan to ease trade war losses

25-05-2019

On Thursday, the 23rd of May 2019, the Trump Administration had set forth a $16 billion aid package for the US farmers to curb some of their losses, resulted from a 10-month-long trade war with China

Crude crushed, on course for biggest weekly plunge in 2019

25-05-2019

On Thursday, the 23rd of May 2019, crude oil futures took a heavy beating, tottered more than five percent, after trade tension had slumped demand outlook and latest record US inventory build had shoveled a deeper hole for crude oil outlook.

PM May offers ‘new deal’ as a final attempt to break Brexit gridlock

24-05-2019

On Tuesday, the 21st of May 2019, the British Prime Minister, Theresa May had started off campaign for a “new deal”, which appeared to be her final attempt to breakdown the Brexit deadlock

Crude oil retreats as US stockpiles surge amid wobbling demand

24-05-2019

On Wednesday, the Crude oil futures lost roughly 2 percent, as a surprising rise of US oil inventories had added to investors’ worries that a long and costly Sino-US trade war would be curbing industrial activities and eventually crude oil demands.

United States seeks to pay $2 per bushel for Soybeans to help farmers

23-05-2019

Weeks after US President Donald Trump had pledged to US farmers a monetary compensation of $15 billion in light of an escalated tariff war with China, the Trump Administration had at last been contemplating a compensatory payment

Who pays off Trump’s tariff, China or US? Companies or consumers?

23-05-2019

On Tuesday, the 21st of May 2019, US President Donald Trump said that Beijing would be paying off the tariffs that he inclined on $250 billion of Chinese imports, however, usually tariffs do not work in that way

Oil little changed, as trade war offsets Gulf supply disruption

23-05-2019

On Tuesday, the 21st of May 2019, both UK and US crude oil futures remained steady, as possibilities of supply chain disruption amid growing tension between Washington and Tehran seemed to be overshadowed by an escalating trade war

Nike, Under Armour, others urge Trump to takeoff footwear from tariff list

23-05-2019

On Monday, the 20th of May 2019, major US footwear companies such as Nike Inc., Under Armour and others had urged US President Donald Trump to pullout footwear products of the proposed tariff lists on Chinese imports.

A Puissant trade war will push world towards recession- Morgan Stanley

22-05-2019

On Monday, the 20th of May 2019, a Morgan Stanley spokesman said that latest pre-matured breakdown of US-China trade war and tariff hikes on Chinese goods would more likely to accelerate an ongoing economic slowdown

Withering worries of a longer, costlier US-China trade war hit markets

22-05-2019

A nerve-wracking worry that China and United States had already been engaged in a longer and costlier trade war, had begun to take death toll on global financial market

Federal Reserve could cut interest rate cut after inflation woes

22-05-2019

James Bullard, governor of St Louis' Federal Reserve Bank, said in an address in Hong Kong that the Fed Reserve had not met its target of two per cent of inflation controlling

Saudi says producers want to reduce oil inventories

22-05-2019

On Sunday, the Saudi Energy Minister, Khalid al-Falih said that a majority of OPEC (Organization of Petroleum Exporting Countries) members, a 14-nation pact of oil exporting nations, had intended to drive down crude oil inventories ‘gently

Backing no-deal Brexit means allegedly harming economy: UK Fin Minister

22-05-2019

In the wake of renewed optimism of a no-deal Brexit ahead of PM May’s departure by early June, British Finance Minister would warn that a divorce with European Union without a deal would be identical to execute deliberate damage

Zimbabwe Central Bank has secured $500 million to offset dollar shortage

21-05-2019

On Saturday, the 18th of May 2019, the Governor of Zimbabwe Central Bank, John Mangudya said that the bank had secured a lump-sum of $500 million as debts from an unspecified international bank to support its foreign exchange trading from Monday

UK PM to make ‘new’ ’bold offer’ in Brexit bill, Labors skeptical

21-05-2019

On Sunday, the 19th of May 2019, the UK PM May said that she would present a ‘new’ and ‘bold offer’ to her lawmakers alongside ‘an improved package of measures’ as a final attempt to ger her amended Brexit deal pass through the UK House of Comm

China’s central bank to keep Yuan stable, in reasonable range

21-05-2019

China’s Central bank would be maintaining the basic stability of its Chinese Yuan exchange rate amid a tumultuous trade relationship with United States, keeping it in a reasonable and a balanced range

Iran changes oil trade tactics, destinations, after re-imposing US sanction

20-05-2019

Iran had been seeking new tactics and new destinations for its oil shipment following re-imposition of a US sanction aimed at reducing the nation’s regional influence and preventing it from expanding its nuclear reactors

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