Economic news

Sino-U.S. Trade Hopes rally Asian stocks Asian stocks rallied on Monday’s morning trade as China and the U.S. seemed close to agreeing on a “phase one” trade deal. The Office of the U.S. Trade Representative (USTR) said on the weekend that Beijing and Washington were close to signing a partial trade deal. “They made headway […]

China to request U.S. to remove tariffs in exchange for farm purchases Top U.S. and Chinese trade officials will discuss plans on Friday for China to buy more U.S. farm products. However, Beijing will request cancellation of some planned and existing U.S. tariffs on Chinese imports according to people who briefed on the talks. U.S. […]

Amazon shares fall 7%, forecasts below expectation Amazon.com Inc’s forecast revenue and profit for the holiday quarter was below expectations as it faced fierce competition and rising costs from plans to speed up global delivery times. Shares fell 7% as revenue growth for the company’s lucrative cloud computing business slowed down in the third quarter. […]

Offshore wind farms to invest $1.2 trillion to hit climate goals An influx of new offshore wind farms around the world is set to invest an estimate of $840 billion over the next two decades, the International Energy Agency (IEA) said. The Paris-based institution’s outlook for an additional 20 gigawatts of new offshore capacity a […]

Glencore to trim copper and zinc production targets Glencore PLC said that it would produce slightly less copper and zinc in the year than initially planned. The world’s biggest commodity trader has trimmed their production targets from 1.025 million tons to 1.01 million tons of copper from its non-African business. It will also aim, to […]

South Korea’s economy sluggish as trade war weigh on investments South Korea’s economy grew at a slower pace in the third quarter, making it the smallest expansion since the global financial crisis as trade uncertainties weigh on investment. Gross domestic product increased 0.4% from the previous quarter, the Bank of Korea said in a statement, […]

Sweden opened for 100-year bonds amid ongoing review Sweden’s debt office is looking into the option of issuing bonds as long as 100 years according to its director general, Hans Lindblad. However, the office wants more time to research the subject before making its decision. The comments follow an announcement by the Stockholm-based office that […]

Brexit limbo pauses British Pound The British Pound stabilized on Thursday as Brexit enters a fresh holding pattern. Sterling held at $1.2911 after Britain’s parliament backed a withdrawal deal while European Union members delayed deciding whether to grant a three-month extension to the October 31st leaving date. The Pound has soared 6% in its 2-week, […]

Oil prices drop after recovering from surprise dip in U.S. inventories Oil prices dropped on Thursday in Asia which overlooked gains following a surprise dip in U.S. inventories. Oil prices rallied more than 1% overnight after the U.S. Energy Information Administration reported an unexpected 1.7-million-barrel crude inventory drop for the week compared to analysts’ expectations […]

The Analysts at TD Securities, Brexit developments today may be relatively quiet. This is in light of EU’s decision on Article 50’s extension due on Friday, Monday even, at an emergency summit–that is, if things go unpleasant. According to an Analyst, “France and a few other small countries are reportedly the hold-outs as they would […]