Economic news

Oil prices dropped from a two-month high on Friday due to uncertainty on the demands of oil futures. The market remains anxious of the prospect of a US-China trade deal and of the global economy. These uncertainties are enough for major producers to likely extend production cuts. In the previous session of discussing the possibility […]

TOKYO, Nov 22- Japanese shares inched higher on Friday as the possibility of United States and China sealing a trade deal reduced risk appetite. Nikkei index gained 0.61% to 23, 178.77 at exactly 0150 GMT. The rise was heavily brought by earnings of IT and industrial equipment sectors. China and the United States were still […]

Cannabis stocks soar as U.S. House committee clears bill on federal weed legalization Marijuana company shares soared on Thursday after a U.S. congressional committee cleared a legislation to decriminalize cannabis. This moves the bill a step closer to being approved by the Democratic-controlled House of Representatives. The bill, which was passed 24 to 10 in […]

Lack of Sino-U.S. trade progress dampens Asian markets Chinese stocks underperformed leaving Asian markets mixed on Friday as a lack of concrete signs of progress on U.S.-China trade relations continued. China’s Shanghai Composite and the Shenzen Component dropped 0.6% and 1.3% respectively by 10:50 PM ET (02:50 GMT).   Trade tensions intensified after the U.S. House of […]

The factory production of Japan in November remained below the 50.0 level and marked its 7th consecutive decline on a monthly basis. Policymakers are now faced with a challenge to stir economic activity which continues to be at a slow pace this year. The Jibun Bank Flash Japan Manufacturing Purchasing Manager’s Index (PMI) posted 48.6 […]

Softbank Group Corp is checking with Japan’s top three banks to loan 300 billion yen ($2.8 billion) to be used as fund for support of US startup WeWork, according to three sources who refused to give identity. Although no official talks have begun, Softbank has approached Mizuho Financial Group Inc, Mitsubishi UFJ Financial Group Inc, […]

A former forex (foreign exchange) trader of JPMorgan Chase & Co was found guilty of conspiracy and rigging trades for personal benefit. Court records showed that ex-trader Akshay Aiyer was convicted of one count of conspiracy and is scheduled to be sentenced on April 3 in Manhattan. “This conviction serves as a reminder of our […]

Nov. 20- European shares hit low point on Wednesday as trade-sensitive sectors suffered from US President Donald Trump’s latest statement of imposing higher tariffs on Chinese good if trade pact signing ambiguity continued. Trade-dependent shares of Germany and France sunk down with 0.7% loss by 0819 GMT topping the decliner board among major regional indexes. […]

TOKYO, Nov 21 – Japanese stocks suffered in three consecutive weeks as reemerging concerns about Sino-US trade pact signing and recently passed US legislation on Hong Kong directly impacted market condition. Nikkei shares shed 1.2% to 22,872.03, recording its lowest point since Nov. 1.as it was potentially set to hit its worst drop in seven […]

The Union of U.S. diplomat representatives has raised money amounting to tens of thousands of dollars to pay for the legal costs of the testimonies of foreign service officers in the impeachment inquiry of President Donald Trump. The American Foreign Service Association (AFSA) issued a statement in defense of the U.S. diplomats against Trump’s criticism […]