Economic news

More than 1,000 positions for crypto experts have been generated and filled by America’s leading banks and financial institutions in the three years that have passed. A Bloomberg report lodged on November 1st stated that a number of financial institutions are providing notable bonuses to draw in crypto talent. Human resource consultant, Johnson Associates, has […]

On Tuesday, Japan Airlines Co Ltd (JAL) made its first-half loss before interest and a tax of 151.8 billion yen public months ago as it strove to curb costs within the first blow of the pandemic, and had projected that it would be coming out with an annual loss report. The year before, the Japanese […]

Asian shares were mixed on Tuesday, while currencies traded in tight ranges ahead of several important central bank meetings. Investors are anticipating these meetings as these could set the tone for risk appetite heading into the coming year. MSCI’s gauge of Asia-Pacific shares outside Japan regained earlier losses, trading 0.8% higher at 0128 GMT. Japan’s […]

Oil was up on Tuesday in Asia, even as the Organization of the Petroleum Exporting Countries (OPEC) failed to deliver the expected output increases in October. In contrast, China boosted operating rates to meet a spike in the country’s diesel demand. Brent oil futures jumped 0.28% to $84.95 by 10:30 PM ET (2:30 AM GMT), […]

South Korea’s consumer inflation surged to an almost 10-year high in October amid higher costs of oil products, rentals, and outdoor dining. The inflation increase added pressure to policymakers ahead of the last monetary policy meeting of the year. Government data on Tuesday showed that the country’s Consumer Price Index (CPI) went up 3.2% from […]

The House of Representatives in the United States postponed a vote on an infrastructure package as progressives sought more time to deliberate President Joe Biden’s request for a separate $1.75 trillion plan for climate change, preschool, and other social programs. Biden used personal appeals to rally his party behind a climate and social spending package, […]

Japan recorded a decline in its factory output for three consecutive months in September. The loss was attributed to the global supply shortage’s impact on the auto industry. The development was seen to result in an economic contraction in the third quarter. The official data released on Friday showed that factory production dropped 5.4% in […]

China’s manufacturing industry was expected to decline again in October following a foreseen two-consecutive-month decline in activity. The fall was still attributed to an energy crunch and increasing commodity prices. A median estimate from economists showed a minimal change in the official manufacturing purchasing managers’ index, which was read at 49.7 this month from 49.6 […]

China’s President Xi Jinping will attend the Group of 20 (G20) leaders’ summit in Rome on October 30-31 via video link, China’s foreign ministry notified on Friday. The foreign ministry’s notice stated that Xi will not be making a speech at the summit. The Chinese president has not left China since early 2020 when the […]

The world’s leading oil exporter Saudi Arabia may increase prices of light crude grades to Asia in December, boosted by a recovery in distillate margins and spot premiums for Middle Eastern oil this month, trade sources disclosed on Friday. Following two straight months of price cuts, state-owned oil giant Saudi Aramco may increase the official […]