Economic news

TOKYO-Oil prices continued its underperformance as the possibility of war in Middle East abated and investors focused on economic growth together with increase in US crude oil and output inventories. Brent crude oil LCOc1 decreased by 20 cents, equivalent to 0.3% at $65.17 by 0240 GMT. Such is expected to hit its first setback in […]

Tesla’s stock climbed by almost 5% on Wednesday, with a closing price of a record high $492.14 per share, raising its market capitalization to nearly $89 billion, which is $2 billion bigger than General Motors’ and Ford’s market caps combined. General Motors’ market capitalization is currently at $50 billion, while Ford’s is at $37 billion. […]

Safe haven currencies retreat following easing U.S.-Iran tensions The Japanese Yen and Swiss Franc retreated on Thursday as the United States and Iran backed away from further conflict. U.S. President Donald Trump responded overnight to an Iranian attack on U.S. forces with sanctions, not violence. Iran showed no imminent signals that it would retaliate further […]

Mexican exports of automotive parts dropped for the first time in ten years last year, as it was pulled down by low demand from outside the United States. Mexican carmaking is about to suffer fresh reversals in the beginning of 2020, suggests an industry group. Carmaking is a fundamental part in Mexican manufacturing, so a […]

The head of the European Commission described on Wednesday that Britain’s chances to negotiate all aspects of its post-Brexit relationship with the European Union to be completed within the year as “basically impossible”.            Ursula von der Leyen bared her thoughts about the EU-UK before meeting British Prime Minister Boris Johnson, saying, “The transition time is […]

SINGAPORE- Asian stocks bounced from inactivity on Thursday and oil prices inched higher as the United States and Iran both signaled resolution rather than to pursue further conflict. US President Donald Trump released a sanction overnight as retaliation to Iran’s recent attack against US troops. Iran remained silent and had given no indications of further […]

BEIJING-China recently released drafted guidelines to arm its financial leasing sector that holds 4 trillion yuan worth of assets ($577.16 billion), in its latest scheme to negate financial declines. China recorded a total of 10,900 leasing company from June 2019 posting and 72% of these are inactive, according to a statement released by China Banking […]

Wall Street’s major indexes fell as investors become cautious of the escalating tension between the US and Iran. Following this, energy shares also dropped while oil prices recently climbed back up. S&P 500 futures dropped 1% after news of Iranian missile attacks on Iraqi air base housing American troops was reported. The drop in S&P […]

Oil prices peaked in months after Iran attacked American troops on US bases in Iraq on the early hours of Wednesday. The missile attack was Iran’s response to the killing of its major general Qasem Soleimani, sparking a growing conflict and sending oil supplies into turmoil. But oil prices cooled down after the initial heat […]

U.S. wine industry fears proposed 100% tariffs on French imports U.S. consumers will pay the biggest price for the proposed 100% on French Champagne and other sparkling wines, cheese, porcelain, enamel cookware, and handbags, witnesses said on Tuesday. The U.S. Trade Representative’s office proposed punitive duties last month on $2.4 billion worth of imports from […]