Economic news

SINGAPORE-Oil prices underperformed on Tuesday for two consecutive sessions as global demand outlook pressed against OPEC’s arrangement with producers aimed at increasing crude output cuts in 2020. At 0204 GMT, brent futures dropped 11 cents, equivalent to 0.2% loss at $64.14 per barrel while West Texas Intermediate oil futures dropped 7 cents, or 0.1% to […]

According to top 10 analysts, Tories are likely to win the elections. While this is the case, a hung Parliament might still be in the cards due to Conservatives not favored in some parts of the Westminster. Worth noting here are rising allegations related to UK Prime Minister (PM) Boris Johnson that came with his […]

The GBP/USD pair stands strong, as it retraces from the new seven-month highs of 1.3180. This came after polls revealed the Conservatives’ lead. Cable had reportedly dropped last Friday in the middle of positive U.S. data. Bulls can be kept happy in light of October highs near 1.3013 being the target and highs marked in […]

Big Tech companies like Google and Alibaba could be compelled to share with banks and financial technology firms data related to financial services customers. This cam after the Financial Stability Board (FSB) called for “vigilant monitoring” of Big Tech’s shift to financial services. The FSB released a report on the matter on Sunday. The measure […]

LONDON-Britain’s biggest retailer, Tesco (TSCO.L) has signaled serious withdrawal from its large global objective by initiating assessment on remaining Asian businesses which could bring Thai and Malaysian operations up for sale. In line with the firm’s 100th anniversary, Tesco is also five years deep in UK-focused action plan initiated by Chief Executive Dave Lewis designed […]

China’s coal imports fell 19% in November compared to the previous month as import rules at ports tighten, subduing shipments near the end of the year. China leads the world’s top coal importers, bringing in more than 20 million tonnes of coal each month. In November, China imported 20.78 million tonnes of the fuel, according […]

SYDNEY-Majority of Asian stocks hiked up on Monday from Wall Street’s well-ended performance after strong US jobs data. However, regional shares were restricted due to pressing issues of China’s economic slowdown brought by months-long Sino-US trade truce. Japan’s benchmark Nikkei .N225 acquired 0.4% while MSCI’s largest Asia Pacific index shares .MIAPJ0000PUS earned 0.3%, with Australian […]

The Finance Minister said on Sunday that France will challenge the U.S. tariff threat by taking it to the World Trade Organization. The tariff was threatened to be imposed over champagne and other French products as announced by President Donald Trump. “We are ready to take this to an international court, notably the WTO because […]

U.S. Dollar holds steady as traders await job report The U.S. Dollar held steady on Friday in Asia as traders awaited the release of the latest U.S. job report due at 8:30 AM ET (13:30 GMT) The U.S. Dollar Index that tracks the Greenback was unchanged at 97.380 by 1:30 AM ET (05:30 GMT). Analysts […]

China to remove duties from U.S. pork and soybeans China will remove duties from some U.S. exports like pork and soybeans, according to China’s finance ministry on Friday after it cited decisions made by the country’s cabinet. The tariff waivers were based on applications by individual firms for U.S. soybeans and pork imports, the ministry […]