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‘Never give up!’ Draghi tells Lagarde as he leaves ECB

26-10-2019

On Thursday, the 24th of October 2019, the departing ECB Chair Mario Draghi told to his successor, former IMF (International Monetary Fund) head Lagarde, to “never give up” on undergirding the euro zone economy

Chile Central Bank cuts rate to 1.75% as death-toll rises amid protests

26-10-2019

On Wednesday, the 23rd of October 2019, the Central Bank of Chile had slashed its benchmark interest rate to 1.75 per cent from an earlier 2 per cent, as death rolls rose to 15 yesterday (October 22nd) amid a month-long protest

Crude oil retreats after three-day-rally on renewed demand concern

25-10-2019

Crude oil prices stepped back on Friday, the 25th of October 2019, following three straight sessions of gains, as a gauge of gloomier economic growth forecasts had been tempering investors’ sentiment.

Malaysian PM refuses to stand down on Kashmir criticism amid trade war

25-10-2019

India's body for oil trade had called for a ban on importing palm oil from Malaysia

US existing home sales tumble more than expected in September

24-10-2019

On Tuesday, the 22nd of October 2019, the National Association of Realtor data had revealed that US existing home sales had dropped more-than-anticipated last month

Crude oil cruises on surprise US inventory decline, deeper OPEC output cut

24-10-2019

On Wednesday, the 23rd of October 2019, both US and UK crude futures’ prices rose more than 2.5 per cent after US government data had revealed a surprise decline in US inventory last week

Trump cheers over trade talk as China seeks billion in WTO case against US

23-10-2019

On Monday, the 21st of October 2019, expressing a through-and-through optimism over Sino-US trade talk, US President Donald Trump told that the efforts to turn down the heats of a Sino-US trade war had been going well

Crude oil sours as demand concerns offset trade optimism

23-10-2019

On Tuesday, the 22nd of October 2019, both UK and US crude futures’ prices inched lower, as frets of a global economic downturn which would eventually hurt demands appeared to be taking an upper hand

Thaw in Indo-US relationship as Indian minister talks of deal in the offing

23-10-2019

Indian commerce minister Piyush Goyal announced the development at the US-India Strategic Partnership Forum

India's oil governing body calls for ban on Malaysian palm oil imports

23-10-2019

Solvent Extractors’ Association of India has said the country's national interests outweigh commercial choices

Kuwait and Saudi agree to resume oil production from divided region

22-10-2019

On Saturday, two of the most prominent newspapers of Kuwait and Saudi Arabia reported that Saudi Arabia had sealed an accord with Kuwait to resume oil output in divided region

China to reduce tariffs, remove non-tariff barriers for foreign investors

22-10-2019

On Saturday, the 19th of October 2019, Chinese Vice Premier, Han Zheng, had pledged to adopt a financial policy which would involve lesser tariffs and a removal of non-tariff barriers for global investors

Death-crossed Argentine Peso remains dithered as Central bank inject $150mn

22-10-2019

On Friday, the 18th of October, the Argentine Peso closed the day with little change, thanks to the Argentine Central Bank which had kept intervening FX market to balance its death-crossed currency

Telecom Italia set to appoint a former director of Bank of Italy

22-10-2019

The Italian telecommunication titan, Telecom Italia had been drawing up a plan to place a former director of the Bank of Italy

EU leaders confirm appointment of Lagarde as new head of ECB

22-10-2019

Late on Friday, the leaders of EU, a pact of 28 European nations excluding Britain, had formally announced an appointment of former IMF head, Christine Lagarde, 63, as the new chair of ECB

World trade is likely to be slump by 1.5 per cent, says German FED Chair

22-10-2019

On Friday, the German Fed Chairman, Jes Weidmann, said that the dampening effects of tariff war over multiple fronts of the world had escalated further over the recent weeks

Brexit will happen on Oct. 31st despite PM's unsigned delay request,says UK

21-10-2019

Brooking no refusal, the British government of newly appointed PM Johnson held on to its ground saying that the country will divorce EU by October 31st despite a letter PM Johnson was forced to send to seek for a delayed Brexit

G20 to set stiffer restriction on digital currencies including 'Libra'

20-10-2019

On Friday, the 18th of October 2019, the Finance Minister of G20, a pact of 19 European countries alongside EU, had agreed to incline tougher restrictions on digital currencies likes of Facebook Inc.’s proposed “Libra,”

Italy’s Mattarella hopes to avoid retaliatory tariffs with Trump

19-10-2019

On Wednesday, the 16th of October 2019, the Italian President Sergio Mattarella said to his American counterpart Donald Trump that he hoped the two nations could avoid retaliatory tariffs

Trump says won’t sign China trade deal until he meets with Xi

18-10-2019

On Wednesday, the 16th of October 2019, the US President Donald Trump said that he would not be signing any kind of trade deal with Beijing until he met with his Chinese counterpart Xi Jinping

US retail sales contracts, cast shadows over slowing US economy

18-10-2019

On Wednesday, the 16th of October 2019, US Commerce Department’s data on US retail sales for September released by GMT 18.00, had witnessed a downturn for the worst

Crude oil gains on optimism OPEC will extend supply cut, softer US dollar

18-10-2019

On Wednesday, the 16th of October 2019, both US and Brent crude rose more than 1 per cent after media reports had revealed that the OPEC+ would continue to cut production beyond March 2020

For India, 'strategic interest' important over accepting of int'l sanctions

17-10-2019

Nirmala Sitharaman was speaking about accepting sanctions placed on Venezuela by the United States

Nigeria closed down land borders for all imports to curb smuggling

17-10-2019

On Tuesday, the head of the Nigeria’s Custom Agency said that Nigeria, the second-largest economy in Africa, had decided to shutter down all of its land borders as part of an ongoing effort to crack down smugglers

UK and the EU agree on new deal, await parliaments' ratification

17-10-2019

UK prime minister Boris Johnson is counting on Northern Ireland's DUP to provide him with support for the new deal

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