Economic news

NOV 19- Indian shares soared on Tuesday boosted by banking and telecom stocks. This followed after two major mobile network service providers disclosed their scheme of increasing tariffs this coming December. The NSE Nifty 50 index inched higher with 0.2% with 11,906.25 while the S&P BSE Sensex acquired 0.4% to 40,455.36. “Markets are in a […]

TOKYO-Japanese stock benchmark Nikkei underperformed on Tuesday brought heavily by ambiguity in US-China trade negotiations and exporters’ anxiety from yen’s performance against dollar.   The Nikkei share plunged down with 0.2% to 23,361.35 as broader Topix dropped with 0.1% to 1,698.44. Wall Street’s primary indexes started flat-lined from lack of trade direction. However, it managed […]

Prime Minister of Britain Boris Johnson bared on Monday he was putting on hold corporate tax cuts and told voters he would spend for health plans. This move is in light of the Dec. 12 election to woo voters by saying that he would reverse cuts to many public services in the last ten years […]

New Zealand broadens powers to block foreign investment on security grounds New Zealand said on Tuesday that it would widen government powers to block foreign investment on national security grounds and ramp up oversight of strategically important industries already subject to screening. The planned legislation would allow the government to intervene in investments not usually […]

Tata Steel to cut 3,000 jobs across Europe as crisis bites Tata Steel Ltd. had revealed plans to cut about 3,000 jobs across its European facilities to cut costs following the latest blow to the regions industry. According to the company’s statement, around two-thirds of the reductions would be office-based staff. However, the steel-making facility […]

U.S. oil prices dropped for two days in a row while the market is anxious on the doubted prospects of a trade deal between the U.S. and China. Trade talks between the two countries have resulted to limited progress as U.S. inventories continually rose. West Texas Intermediate (WTI) crude fell 10 cents or 0.18% from […]

Oil prices inched higher on Monday, following steady gains from previous week as investors await further news on the trade talks between US and China. Concerns over increasing oil supplies, possibly developing into a supply glut, were shrugged. Brent crude futures was unchanged from previous session, at $63.30 a barrel at 0512 GMT. The contract […]

Australian financial institution, Tyro Payments released a prospectus on Monday planning to raise A$252.7 million ($173.23 million) for domestic initial public offering (IPO). Tyro’s scheme will push through even though six listings were previously declined last October. This came after investors demand lower prices to arm against the probability of post-float losses. The firm expressed […]

Japan’s SoftBank Corp is set to merge its internet unit Yahoo Japan with messaging app operator Line Corp in a plan to create a $30 billion tech giant. SoftBank is currently merging with struggling companies to stick up to other tech rivals, such as Rakuten Inc. A statement was issued saying that Yahoo Japan (recently […]

Yuan climbs as China’s central bank cuts key liquidity rate The Chinese Yuan inched up on Monday in Asia after the People’s Bank of China (PBOC) had cut a key liquidity rate for the first time since 2015. The major USD/CNY pair climbed up by 0.1% to 7.0112 by 11:46 PM ET (03:46 GMT). The […]