Economic news

BEIJING- Chinese financial institutions are very much stable, enough to compete against foreign competition as the $40 trillion worth of financial sector was discharged, the central bank said on Thursday. Such followed after China and the United States settled the initial pact of the trade deal. Central bank will heighten its regulation and supervision to […]

TOKYO- Oil prices advanced on Thursday, brought heavily by the very much anticipated trade pact signing between the United States and China. This guaranteed bigger increase as China is mandated to purchase increased energy supplies from the United States. Brent LCOc1 clocked in gains with 33 cents, equivalent to 0.5% or $64.33 per barrel by […]

Toyota to invest $394 million in air-taxi startup Japan-based Toyota Motor Corp is investing $394 million in Joby Aviation, a U.S.-based air-taxi startup. The startup has reportedly spent the last ten years designing an electric air-taxi prototype. Toyota is the lead investor in Joby’s Series C funding costing up to $590 million, according to Bloomberg. […]

TOKYO- Stocks across the world edged up, reaching record highs on Thursday. Such activity followed after China and the United States signed the “Phase 1” of the trade agreement intended to mitigate their months-long trade dispute that dragged the global economy. Despite positive performance, investors remain cautious as numerous concerns are still unsettled. MSCI’s broadest […]

Dollar softens as Beijing and Washington sign Phase 1 trade deal The U.S. Dollar stood its ground to the riskier Asian currencies on Thursday as a signed Phase 1 trade deal between Beijing and Washington showed optimism for investors. The centerpiece of the deal was a pledge by China to purchase at least an additional […]

China adds $58 billion into banking system as Lunar New Year draws near China added liquidity to the financial system on Wednesday in attempts to offset a money shortage ahead of the Lunar New Year holiday. Interest rates on the loans were left unchanged. The People’s Bank of China added 300 billion Yuan ($44 billion) […]

Singapore’s new law to entice funds and strengthen financial industry Singapore’s new law has made it easier for investment firms to register funds locally as the city-state strives to increases its allure as a financial hub. The new law, which came into effect on Tuesday, encourages asset managers to domicile their funds in Singapore by […]

LONDON- Overall investments in Britain’s technology sector boosted 44%, up to a record of $13.2 billion pounds in 2019. Such scoped up third of the total European funding all while surpassing the total in France and Germany combined, the UK government’s Digital Economy Council stated on Wednesday.                 The United Kingdom is currently tailing behind […]

UNITED STATES TO KEEP TARIFFS ON CHINESE PRODUCTS UNTIL PHASE 2 PACT: MNUCHIN WASHINGTON-The United States will continue the ongoing rounds of tariffs on Chinese products until such time that both sides come up with a second phase of the US-China trade agreement, United States Treasury Secretary Steven Mnuchin stated on Tuesday, a day before […]

SINGAPORE-Oil prices retreated on Wednesday brought heavily by emerging concern that the ‘phase one’ of the Sino-US trade deal may not promote demands.  Such was from the decision of the US to retain rounds of tariffs on Chinese products.                 On a statement last Tuesday, US Treasury Secretary Steven Mnuchin said that the imposed tariffs […]