Economic news

Japanese government bonds gain with 30-year yield hitting its lowest in 3 months Japanese government bonds (JGBs) saw gains on Monday with the yield of 30-year bonds hitting its lowest in 3 months. The drop in its yield level has been due to growing concerns about the new Coronavirus China that has started to spread […]

Copper prices plummet as concerns over China virus intensifies London copper dropped to its lowest in 8 weeks on Monday as concerns over the new virus in China intensified after it had claimed 80 victims. On the London Metal Exchange, prices of 3-month copper fell by 1.9% at $5,812/ton, its lowest price since December 4, […]

The Japanese yen soared and the Chinese yuan slipped in offshore trade as death toll on the new coronavirus outbreak in China rose to 80. Global worries echo on containing the virus while governments prioritize risk aversion. The yen peaked at its highest in three weeks against the dollar, as investors seek the “safe haven” […]

Singapore’s economy will be badly hit by the spreading new Coronavirus which started in China at the end of 2019 and has spread to the city-state, said the trade minister on Monday. Considered as of the Southeast Asian go-to destination of travelers worldwide, Singapore tallied its lowest growth rate in 10 years last year at […]

Britain revealed on Sunday its minted 50 pence coin to mark the country’s exit from the European Union. The said coin was embossed with encryption “Peace, prosperity and friendship with all nations” together with Brexit date of 31 January 2020. An estimated three million coins will be distributed for public use from shops, banks, and […]

Oil prices sunk down with 2% loss as it recorded consecutive months of lows on Monday. Such inactivity was brought heavily by the growing number of novel coronavirus cases and city lockdown that may drastically affect demand for crude. Brent crude LCOc1 declined by $1.12 per barrel, or equivalent to 1.9% to $59.57 by 0013 […]

Contraction in Japan’s factory activity bogs down in slowest pace in five months Japan’s factory activity shrank for a ninth-month straight in January at the slowest pace in five months. Economists speculate the slowing of pace to be reflecting the positive feedback of the U.S.-China Phase One deal and alleviating fears of a recession. The […]

Intel shows signs of turnaround for 2020 Intel Corp on Thursday signaled the market view that the chip industry would be reaching a turnaround after a prolonged slowdown. Driven by cloud computing demand, the 2020 forecast is expected to see better revenue than Wall Street’s expectations, Intel added. The company’s sales in its closely watched […]

Asian stocks hold steady despite investor fears over China virus Asian shares held steady on Friday as trade slugged toward the Lunar New Year despite growing concerns over the new virus in China. Investors had feared that the coronavirus could spread further as millions travel for the week-long holiday. MSCI’s broadest index of Asia-Pacific shares […]

The largest fall in Chinese stocks in eight months caused global equity markets to roil as global concerns heighten on the coronavirus outbreak in China. Millions of Chinese prepare for the Lunar New Year to begin on Saturday, the peak travel season, increasing the disease’s potential to spread. Wuhan and Hunggang cities, with a total […]