Economic news

Jaguar Land Rover announced on Monday its luxury Jaguar bran will go all-electric by 2025 and the automaker will introduce e-models of its entire lineup by 2030, following other automakers’ bid in developing zero-emission vehicles. Tata Motors, owner of Jaguar Land Rover, also bared that the Land Rover brand will its first electric model in […]

The dollar started the week hovering near two-week troughs on Monday as investors questioned whether the U.S. pandemic recovery would be as fast as anticipated.  The dollar index traded at 90.427, near last week’s low of 90.249, its highest level since Jan. 27. The index hit a two-month high of 91.6 on Feb. 5 on […]

Oil prices rose to 13-month highs on Monday as worries of rising tensions in the Middle East incited fresh buying, while hopes for a U.S. COVID-19 stimulus aid and easing restrictions supported fuel demand. Brent crude rose 1.8%, or $1.09, at $63.52 per barrel after rising to a session high of $63.76, its highest since […]

European stocks rose on Monday as economic recovery hopes weighed on markets. The growing optimism in economic recovery stems from the speeding pace of inoculations in the European bloc. Germany’s DAX futures contract gained 0.1%, the United Kingdom’s FTSE 100 futures contract improved 0.6%, and France’s CAC futures inched up 0.7%. Health Commissioner Stella Kyriakides […]

More than half of about 300 small British manufacturers surveyed in January lamented over the price hikes and disruption woes in the supply chain caused by the new customs checks set in place as part of the post-Brexit trade restrictions. In the survey conducted by the South West Manufacturing Advisory Service (SWMAS) in January that […]

Japan maintained its reemergence from the coronavirus drag in the fourth quarter. The country’s economy rendered a better-than-expected expansion as a rebound in overseas demand greatly supported exports and capital spending. The world’s third-largest economy recorded an annualized 12.7% expansion in the fourth quarter, government data showed on Monday. The figure came larger than the […]

Asian share markets reached their all-time high records on Monday. The series of gains came after vaccine rollouts across the globe and Washington’s stimulus package supported investors’ outlook for the global economy. Meanwhile, oil prices were seen upbeat as tensions emerged in the Middle East. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.4%. […]

Asian shares subdued on Friday trade, ending near their record high amid mixed U.S. economic data causing investors to hold back. On the winning side, Bitcoin reached $49,000, its highest level ever, before closing at $48,282. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.03%, closing near its highest peak recorded in the previous […]

After extending the state of emergency in the country to curb the spread of the coronavirus, Japan is seen to fall under a shaper economic downturn, a Reuters poll suggested. According to analysts, the staging of the Olympic Games in Japan would have little effect on its ailing economy due to construction spending and limited […]

The dollar was on course for its first losing week after two weeks of gains as weak U.S. jobs data dented investor’s hopes for a quicker pandemic recovery. The dollar was on the defensive on Friday, hovering near two-week lows due to weaker-than-expected U.S. unemployment claims. It added to worries that the dollar’s previous rally […]