Economic news

Canada’s Prime Minister Justin Trudeau announced on Saturday that he was committed to looking at possible ways to help airlines that were severely affected by the pandemic. Yet the Canadian prime minister laid out no new measures and remained mum on details. “This pandemic has hit extremely hard on travel industries and on the airlines […]

The dollar firmed on Monday as the market mood was weighed by arising global tensions with China and the prospect of negative interest rates. The dollar firmed at 107.25 against the range-bound yen as Japan fell into recession for the first time since 2015. The dollar steadied against Asian currencies, while the dollar index stood […]

Oil prices gained over $1 per barrel on Monday, hitting more than a month-high as production cuts and demand recovery provided a floor for the market. Brent crude rose 3.7%, or $1.19, at $33.69 per barrel. U.S. West Texas Intermediate crude climbed 4.3%, or $1.26, at $30.69 per barrel. The WTI June delivery will expire […]

Japan’s economy succumbed to recession for the first time in 4 -1/2 years, placing the country on track for its sharpest demand slump as the COVID-19 pandemic disrupts businesses and consumers. First-quarter figures highlighted the grave impact of the coronavirus pandemic, with slump in export hitting its lowest level since the 2011 earthquake. More so, […]

Thailand’s economy hit its sharpest downturn in eight years in the first quarter. Though it contracted by less than speculated, struggling months impend as the coronavirus crisis ravages tourism and domestic activity. Southeast Asia’s second-largest economy declined by 1.8% in the first quarter from a year earlier. This came to be the sharpest economic reversal […]

The Asian Markets saw the safe-haven asset, gold, climbing up thus extending its gains from Friday. This is recorded to be its highest point since October 2012. With the relationship between U.S. and China in dire straits, alongside gloomy investment forecasts, investors turned to the yellow-metal. Peter Navarro, the White House trade advisor, aggravated an […]

European shares climbed on Friday as Chinese factory output increased, but U.S.-China tensions remain. The pan-European STOXX 600 surged 1.4%, with travel stocks gaining 2.7%. Miners .SXPP and chip makers also rose after China’s industrial output increased 3.9% in April. Global stock markets fell this month after continuous gains in April due to fears of […]

Oil prices hit more than one-month highs on Friday after gaining over 3% amid signs of demand recovery. Brent crude rose 3.9%, or $1.21, at $32.34 per barrel, gaining 3% for the week. U.S. West Texas Intermediate climbed 3.3%, or 92 cents, at $28.48 per barrel. The benchmark is heading for its third week of […]

European stocks rallied on Friday after investors found comfort in China’s report of an increase in April’s factory activity, exceeding analysts’ forecasts. However, with the simmering trade tensions between the U.S. and China, many speculate that it would lead the shares market to weekly declines. The pan-European STOXX gained 1.4% at 0715 GMT, with travel […]

The Dollar fell on Friday morning, losing some of its gains from the day before. Investor fears mounted as tensions escalated between the U.S. and China after U.S. President Donald Trump signaled in an interview the night before that he might sever ties with the second-largest economy. The U.S. Dollar Index dipped by 0.34% to […]