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People place more trust on financial companies than govt. & politics

23-01-2019

According to a major survey conducted by a communication marketing firm and organized by the World Economic forum, people put more trust over the privately managed financial organizations and companies than their governments or political leaders

Trade war & a weak Europe could supplement global shutdown, says IMF

22-01-2019

In the wake of a series of poor economic data from China, resulted by Trump’s tariff war and a weak European economy, led by faltered German financial, alongside manufacturing data, the IMF had cut its world economic growth forecasts

Oil prices rally, banking on OPEC supply cuts

22-01-2019

Brent crude was trading at $62.83 a barrel, while the West Texas Intermediate was trading at $53.92 a barrel

Chinese economy down to a 28-year low, experts say slide could continue

21-01-2019

China's GDP for 2018 was placed at 6.6%, while for the fourth quarter, ending December, it was about 6.4%

US government barred from processing seismic permits for offshore drilling

21-01-2019

With the US currently reeling under a shutdown, Judge Richard Gergel of the South Carolina District Court ordered that the permits would not be processed during the shutdown

White House fancies former PepsiCo CEO,Treasury official to lead World Bank

18-01-2019

On Tuesday, the 15th of January, 2015, a Trump Administration official had said that the White House had been considering the Treasury Department’s David Malpass, former Pepsico Inc. chief executive officer, Indra Nooyi to lead World Bank

US Drugmakers welcome 2019 with price hikes

17-01-2019

Despite quite a bit of dribbling from the US policymakers, the US drug makers had kicked off 2019 with a price hike on over 250 prescription drugs, including the top-selling medicine in the world, Humira,

Shutdown inflicts further wounds, contractors & coast guards without pay

17-01-2019

Later on, Tuesday, the 15th of January, 2019, the White House estimates displayed that the United States’ economy has been taking much heavier-than-anticipated hit from the partial government shutdown

Well Fargo centers on cost cut, as revenues and loans shrunk

17-01-2019

The loan book of Well Fargo & Co. had drowned and the revenues had not been riant at all, facing steep decline across all of their businesses on fourth quarter of 2018

Oil surges over 2 percent on optimism over Chinese economic stimulus

16-01-2019

On Tuesday, the 15th of January, the oil prices had surged about 2 percent, alongside the world stocks, which had remained well-supported throughout the day, by the China’s plan to initiate a policy for stabilizing

Chopped up China exports posts worst figures in two years

16-01-2019

China’s export had experienced a surprise-shrinkage on December, 2018, posting their worst figures in over two years, while the imports had also contracted, fanning the flames of further weakness in the world’s second largest economy on 2019.

China craves to conclude Huawei “Fabrication” saga

16-01-2019

Earlier on Monday, the 14th of January, 2019, China had urged countries to put an end to the debarkations of Huawei “fabrications”. The news, just, came after an hour, the Polish had signaled a controlled use of Huawei products

VW to build new electric vehicle in US, set to invest $800 million

15-01-2019

On Monday, the 14th of January, 2019, the Volkswagen AG had said that they had been investing $800 billion to build a new electric car at its Chattanooga plant, located in Tennessee

PG&E blows over bankruptcy filing on California Wildfire

15-01-2019

The United States’ biggest power utility in terms of the number of customers, the PG&E Corp. had said on Monday, the 14th of January, 2019, that they had been preparing to seek bankruptcy protection

PM May warns again of a no-deal catastrophe, ahead of Tuesday’s Brexit vote

15-01-2019

The UK parliament appears to be divided on Brexit, as clocks are ticking towards the Brexit vote due to be held on Tuesday, the 15th of January, 2019 and UK PM May had again warned the UK lawmakers

No extraordinary OPEC meeting before April, says Saudi Energy Minister

15-01-2019

On Sunday, the 13th of January, 2019, the Saudi Energy Minister, Khalid al-Falih said in Abu Dhabi that he saw no need of an Extraordinary meeting of OPEC (Organization of Petroleum Exporting Countries) before April, 2019,

US govt. shutdown breaks record, crosses three-week mark

14-01-2019

On Saturday, 12th of January, 2019, the partial US government shutdown entered in to its 22nd day, while US President Trump remained adamant over his demand of $5.7 billion to build a wall along the Mexico-US border

China to bring down restrictions on foreign investments

14-01-2019

According to Chinese Commerce Ministry, China had been planning to bring down restrictions on foreign investments, an official Xinhua news agency report revealed on Saturday, the 12th of January, 2019.

US Government shutdown may muzzle January job growth

14-01-2019

The ongoing daedal distress over the American parliament regarding the partial shutdown could curb job growth up to 5,00,000 in January and the unemployment rate might again revert back to 4 percent

OPEC is not an enemy to US, says UAE energy minister

14-01-2019

Earlier on Saturday, the 12th of January, 2019, the United Arab Emirates’ Energy Minister, Suhail al-Mazrouei said in an industry conference in Abu Dhabi that, the oil producer group, OPEC was not an enemy of the United States.

Elon Musk’s SpaceX to slash 10 percent of its workforce

13-01-2019

On Friday, the 11th of January, 2019, Elon Musk’s rocket company, SpaceX had said that they would be reducing their workforce as much as 10 percent, while the company has currently been employing over 6,000 employees.

Tax cut on China will support employment & economic stability, says premier

13-01-2019

Earlier on Saturday, the 12th of January, 2019, Chinese Premier, Li Keqiang had been quoted saying that the China’s plan of curbing tax, targeting to the smaller companies would eventually support economic stability

US consumer prices fall amid a plunge in fuel price

13-01-2019

On Friday, the 11th of January, 2019, the US labor department revealed that the US consumer prices had fallen for the first time in nine months on December, followed by an immense plunge in the gasoline prices

Investors eyeing on China ahead of 2019 slowdown or worse

13-01-2019

It has been a decade since China helped the drowned global economy to gear up with a huge stimulus plan. Nevertheless, investors are again looking ahead on to China, as world’s economy is for certain headed towards a slowdown

“Yellow Vest” Protest in France may yank euro zone bond markets

13-01-2019

The French response to the “Yellow Vest” protest might be a critical point for the Eurozone bond markets, as it could kick off an era of escalated public debt in the bloc

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