Economic news

Gold prices drop as the U.S. and China close in on trade deal Gold prices fell on Monday after speculation spread that Washington and Beijing would soon sign a partial trade deal. Gold Futures for December delivery inched down 0.2% to $1,466.25by 12:30 AM ET (04:30 GMT). The improved investor sentiment was claimed as headwind […]

Boris Johnson and the rest of the Conservative Party of the British government are poised to get Brexit done to finally end its uncertainty that compromised the economy. This shall be made possible once they get re-elected in December. The election in Dec. 12 was called in a bid to halt three years of disagreement […]

Alibaba kicked off its retail campaign for its secondary listing in Hong Kong for $13 Billion. Chairman Daniel Zhang said that Hong Kong’s “future is bright” despite recession and escalating protests in the city. The e-commerce giant said that the listing would be fully paperless and electronic as a representation of its environmental standards. Investment […]

BERLIN-Germany’s annual federal budget for 2020 will increase to an estimated 362 billion euros, according to a draft submitted by a parliament committee on Friday. This presented a total of 1.1% rise and an indication of a balanced budget. The drafted amount worth 1.7 Billion Euros is higher than the amount proposed by Finance Minister […]

Thailand’s economy expected to post muted recovery Thailand’s economic expansion is expected to recover modestly in the third quarter from the slowest pace in almost five years which was weighed down by a strong local currency. GDP likely rose 2.8% in three months through September from a year earlier. This was according to the median […]

Jumbo Interactive jumps 192% this year as online lottery tickets reach peak popularity Australian digital reseller Jumbo Interactive Ltd jumped up 192% this year as online purchases of online lottery tickets increased, Bloomberg said in a report on Friday. The company’s CEO Mike Veverka said in a phone interview that Jumbo aims to triple its […]

The United States and China are getting close to a trade deal, said White House economic adviser Larry Kudlow. He added that the two parties were having very constructive talks to put an end to the 16-month trade war. Trade negotiators of both China and the US were having talks over the phone, according to […]

European shares recorded a weak ended session as warnings from German carmaker Daimler and frail economic data from major economies contributed tension to a global slowdown concern. The pan-European STOXX 600 index inched lower with 0.3% with most sectors contributing to the inactivity and automakers .SXAP leading the decline with 1.4%. Daimler (Daign.DE) plummeted with […]

The Chinese central bank supplied 200 Billion Yuan ($28.60 bBillion) through its medium-term lending facility on Friday. It is the central bank’s move to (second time this year) beef up economic activity while keeping interest rates at its current levels. The markets were surprised to the bank’s move to add long-term funds as it had […]

South Korean automaker Hyundai Motor set to create Santa Cruz pickup trucks at the U.S. factory in 2021 with a $410 million investment, as it plans to enter the competitive market led by American rivals. Hyundai announced its Alabama factory expansion as Trump is expected to delay a self-imposed deadline on imposing tariffs of about […]