Economic news

The Eurozone came close to stalling in September after global trade disputes and the threat of a no-deal Brexit triggered the fastest fall in manufacturing output in nearly seven years. Germany was the main cause of the slowdown following a survey of private sector activity. It had shown that the growing threat to international trade […]

Bitcoin and other major cryptocurrencies fell in Asia after a lackluster launch of the Bitcoin futures contract. Bitcoin lost 2.6% to $9,733.7 by 1:20 AM ET (05:20 GMT). The digital coin climbed higher earlier in the day following the official launch of Bakkt’s much-anticipated Bitcoin futures. However, while the launch was considered a “significant milestone” […]

A U.S.-Japan trade deal hit a last-minute setback as Tokyo officials sought assurances that the Trump administration will not impose national security tariffs on Japanese-built cars and auto parts, sources familiar with the talks said on Monday. U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe have been aiming to sign a trade deal […]

Oman not in talks with Gulf countries for Financial Aid Oman was not present in discussions among the Gulf countries for any aid package, an official said, despite a large fiscal deficit and the expectation of a slowdown in economic growth in the year. “Not from our side. I have not discussed anything,” Tahir Al […]

Bitcoin Climbs as Intercontinental Exchange Debuts Future Contracts Bitcoin prices climbed in Asia as Bakkt’s much anticipated Bitcoin futures trading has officially launched on the Intercontinental Exchange (ICE). Bakkt, the Bitcoin futures and digital assets platform, is offering a daily contract as well as a 30-day future which will be products of ICE, operator of […]

Top investors warn markets might face risks over lax climate forecast Financial markets risk major disruptions by relying on forecasts that underestimate the impact of climate-change policies that are expected to abruptly tighten the next decade, a leading group of investors had warned. The report made by the U.N.-backed Principles of Responsible Investing (PRI), representing […]

UK PM Johnson warns no Brexit breakthrough in New York British Prime Minister Boris Johnson cautioned that there would be no Brexit breakthrough at talks with European leaders in New York as gaps remained though also saying significant progress had been made towards striking a deal. Hopes of a breakthrough were stoked last week when […]

Asian Shares slips as U.S.-China Trade Talks continue Asian share markets slipped on Monday as investors waited for more clarity on U.S.-China trade talks. Market sentiment remained fragile with civil unrest in Hong Kong, tensions in the Middle East and worries that a trade deal between the United States and China could take a long […]

Blackstone to buy five hotels in Greek islands Blackstone Real Estate Partners Europe, a unit of U.S. private equity firm Blackstone Group, agreed to buy five hotels in Greece from Louis Group in a deal valued at 178.6 million euros ($197 million), the firm said on Friday. Greece has seen an upsurge in tourism in […]

Bank of Japan hopes new phrase will keep bullish yen at bay By adding vague new language to its latest policy statement, the Bank of Japan is hoping to keep unwanted sharp gains in the Yen in check, without having to its depleted policy tool-kit or tying its hands on monetary action. In a statement […]