Economic news

The Chinese industrial production profits were observed to be at its fastest growth pace in eight months in November. However, low domestic demand remains to be a problem to be solved by the sector next year. China’s profits in the industrial sector rose to 5.4% in November compared to its last year’s counterpart to 593.9 […]

U.S. President Donald Trump affirmed on Tuesday that he and his Chinese counterpart, Xi Jinping, will hold a contract signing ceremony to ink the phase one of the U.S.-China trade deal completed this month. “We will be having a signing ceremony, yes. We will ultimately, yes, when we get together. And we’ll be having a […]

Reuter’s poll on Friday revealed Thailand’s swift escalation of its annual headline inflation rate for the month of December. However, the rate is still below the central bank’s target for the seventh consecutive month. The headline consumer price index (CPI) is predict5ed to go up by 0.9% in December from the previous year after a […]

The U.S. economic growth seems to be still alive and kicking (despite major setbacks highlighted by the trade dispute against China) as Amazon posts a record-breaking holiday season sales thus far. Amazon reported its top-sellers this holiday season included the Echo Dot, Fire TV Stick and Echo Show 5.  Amazon’s third-party products helped to its […]

Turkish electric car project seen at an investment of $3.7 billion Turkey’s new domestic electric car project will have a fixed investment of 22 billion Lira ($3.7 billion) over a period of 13 years, with an annual production capacity of 175,000 vehicles according to the Official Gazette on Friday. The Official Gazette reported on a […]

China turns to financial experts to manage and rebuild economy China’s government has embarked on a new strategy of placing financial experts in provinces to manage risks and rebuild regional economies as the country struggles to deal with its slowdown. Since 2018, President Xi Jinping has placed 12 former executives either in state-run financial institutions […]

TOKYO- Oil prices hiked up on Friday, reaching its three-month peak after data disclosed US consumers’ online spending. Such raked in optimism in world’s biggest economy prior to the possibility of Beijing and Washington signing the trade deal. Brent crude futures advanced 13 cents, equivalent to 0.2% at 68.05 per barrel at 0150 GMT while […]

The U.S. online retail sales amassed record-breaking figures, outperforming last year’s output as Mastercard Inc. reported on Wednesday. E-commerce sales this year comprised 14.6% of total retail figures and went up 18.8% from the same period in 2018. Mastercard data showed retail sales from Nov. 1 to December 24. The overall holiday retail sales surged […]

SYDNEY-The dollar inched closer to its six-month high against the Japanese yen as the Australian dollar hit its strongest session since July last Friday, brought heavily by upbeat signals about Sino-US trade deal.                 Positive headlines about the possibility of trade signing decreased demand for safe-haven currencies such as yen. However, with holiday season still […]

Chinese telecoms firm Huawei should have a place in Italy’s future 5G network, said the Italian industry minister on Sunday. This comment came after the influential parliamentary committee appealed to Rome to block the company. US has attempted to influence Italy and other European allies from refraining to use Huawei products in their next generation […]