Economic news

Asian share markets declined, while the dollar performed turbulently on Wednesday. This came after investors’ sentiment was dampened ahead of the first U.S. presidential debate, with markets closely weighing both parties. MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.1% decline. The index is set to finish 3.3% lower this month, the sharpest […]

China’s manufacturing activity was seen expanding in September, twin surveys showed. The solid expansion followed after the nation’s exports advanced on strong overseas demand, indicating a steady economic rebound from the pandemic drag. The official manufacturing Purchasing Managers’ Index (PMI) was read at 51.5 in September. The figure came higher than the 51.0 reading seen […]

On Tuesday, Walmart Inc (WMT.N) said that it is in talks with Tata Group for a potential investment worth $25 billion. The Indian multinational conglomerate holding company said that Walmart’s investment would be used to fund Tata’s new “super app.” Tata Group said that the app was scheduled to be launched in India in December […]

On Tuesday, Toyota Motor Corporation (7203.T) reported that its annual global sales could reach $5.5 Million in 2025 due to its top-selling electric car units. The Japanese multinational automotive manufacturer announced its plan to sell electric-powered vehicles worth $5.5 Million by 2030. It includes hybrid and plug-in hybrid vehicles worth $4.5 Million and electric and […]

Gold prices were seen climbing above 1%, finally breaking from record lows on Monday, as the dollar slipped from its two-month high perch. Gold had gone through a record low in six months last week, slumping by almost 5% after the Dollar took the spotlight as investors flocked to the Greenback amid the latest round […]

European shares fell on Tuesday morning as investors awaited the first U.S. presidential debate as well as the conclusion for a fiscal stimulus package by U.S. Congress. In Europe, the broader Euro STOXX 600 fell 0.4%, erasing gains from an earlier session, with indexes in Frankfurt, Paris, and London falling by 0.4%-0.5% each. U.S shares […]

The dollar rose on Tuesday, on course for two-month highs, as markets awaited the first debate between the U.S. presidential candidates, progress in U.S. fiscal stimulus talks, and economic data on German inflation. After hitting its biggest weekly gains since April last week when the markets sought safe havens, the dollar fell on Monday and […]

Oil prices fell on Tuesday, losing gains from the previous session, as demand worries due to the coronavirus pandemic outweighed hopes for a new U.S. fiscal stimulus. U.S. West Texas Intermediate crude futures fell 0.8%, or 34 cents, at $40.26 per barrel. The more active Brent crude futures for December delivery slid 0.8%, or 32 […]

Indian house prices are expected to plunge worse than the prediction rendered three months back. This is likely as surging coronavirus infections ravaged demand in an economy trying to fight its historic contraction, a Reuters survey showed. Even before the virus crisis ravaged the country, house prices had seen almost a 1% decline during the […]

The coronavirus pandemic will likely drag Asian countries down to their lowest level of expansion in more than 50 years. Meanwhile, 38 million people are expected to succumb back to poverty, the World Bank warned on Monday.   The bank foresees a 0.9% growth for the region this year, its lowest rate since 1967. China’s […]