Economic news

SINGAPORE- US Greenback started a strong weekly session on Monday brought heavily by positive US economic data, minimizing the possibility of interest rate cuts. The US dollar remained firm enough to reach its one week high against the euro EUR= at $1.1096. Its previous session placed it neutral from its eight-month high against Japanese yen, […]

The World Bank cut Thailand’s economic growth outlook to 2.7%, from the initial 2.9% estimate for 2020. This year’s estimated growth is higher than last year’s, when World Bank estimated economic growth to be at 2.5%. The increase was attributed to a recovery in private consumption and investment due to large infrastructure projects. Thailand’s economy […]

China released its fourth quarter GDP for 2019, showing an economic growth of 6% compared to last year. Official data showed that the Chinese economy maintained last quarter’s pace as expected by analysts. GDP was estimated to grow by 6% in the October-December quarter, stalling at the shortest pace in twenty-nine years. As China faced […]

TOKYO- Oil prices were steady on Friday as market participants awaited for figures disclosing China’s economy is on its slowest in 29 years, with gains being the current safe haven following Washington and Beijing’s settlement of phase 1. Brent LCOc1 advanced further with 3 cents, equivalent to $64.65 by 0123 GMT after its well-ended session […]

Gold prices rise amid brewing skepticism over U.S.-China’s Phase 1 trade deal Gold prices rose on Friday amid skepticism about the trade deal between the U.S. and China. Beijing and Washington had signed a Phase 1 deal on Wednesday, though some doubted whether the two major economies could develop it relations consistently. Gold Futures for […]

Oil prices fall as stockpiles drop past analyst expectations Oil prices fell on Friday morning as stockpiles took a sharper decline than analysts expected. This was confirmed by a report by the U.S. Energy Information Administration (EIA). The EIA said that crude inventories had declined by 2.5 million barrels compared to the expected drop of […]

US dollar gained against Japanese yen on an eight-month peak due to a stable growth rate in US economy in 2019. Retail sales rose for the third straight month in December while filing claims for unemployment benefits fell for the fifth straight week, showing a strong and stable labor market. Manufacturing activity in the Mid-Atlantic […]

BEIJING-China’s 2019 pork production sunk to 16 years of inactivity, data showed on Friday as the African swine influenza dispatched millions of pigs in world’s leading producer of pork. China tallied 42.44 million tonnes of pork last year, lower than the 21.3% record from 2018 and the lowest production for the last 16 years beginning […]

European car sales recovered for the fourth straight month, raised by higher demands of premium and volume cars, ACEA said. New car registrations climbed 21.4%, or 1,261,742 vehicles in the EU and EFTA countries in December, statistics showed. The rise was partially caused by a low base of comparison with December 2018, when anti-emission laws […]

The United States will fund Guatemala’s private sector with $1 billion to stimulate investment and create jobs, said US government agency head. It was announced after Alejandro Giammattei, the new president of Central American country, met with US officials to discuss spurring economic growth through investment and to contain migration in the US. “It’s a […]