Economic news

International members at the Road Haulage Association (RHA) presented data reflecting a 68% drop in exports from the United Kingdom to the European Union. This is after the Brexit transition period that expired at the end of 2020 disrupted trade. However, the British government did not confirm the data and refuted that trade disruption at […]

According to a Reuters survey, Japan’s economic emergence from the coronavirus drag might have stalled in the fourth quarter. The prediction was rendered even after the country staged a brisk recovery from its sharpest recession earlier in 2020, indicating that households and companies were still grappling with the pandemic. With upbeat exports minimizing some of […]

Asian shares and oil prices saw an upbeat performance on Monday. The series of gains could be attributed to investors’ enthusiasm over the prospect of a $1.9 trillion coronavirus package, with expectations that this will be legislated within the month just as COVID-19 vaccines are being rolled out across the globe. MSCI’s broadest index of […]

Alibaba Group Holding Ltd’s $5 billion U.S.-dollar bond offering was on demand for eight times the debt offered, emphasizing global investors’ faith in founder Jack Ma’s e-commerce giant despite a regulatory clampdown on his business empire. Pricing for the deal was fixed on Friday tighter than initially released by the company on Thursday, showing high […]

The dollar was on course for its best weekly rise in three months on Friday, boosted by increasing confidence that the U.S. economic recovery will outdo global peers. The dollar index hit a new two-month high in Asian trade as traders await nonfarm payroll figures due later in the day.  The index rose to 91.576 […]

With vaccine distribution showing progress, hopes for faster normalisation in the global economy and earnings recovery weighed on global markets, with Asian shares leading the way and edging Wall Street on Friday trade. Global shares hovered near their record peak hit nearly two weeks ago with an index of the world’s major 50 markets, MSCI […]

December had seen Japan’s household spending drop for the first time in three months. This heavily indicates that the country’s consumer sentiment was dwindling even before the government implemented virus-related restrictions. Household spending recorded a 0.6% drop in December, official data showed on Friday. While the record came slower than the 2.4% median forecast, it […]

Global share markets recorded a series of record peaks on Friday, with Asian shares tracking Wall Street’s hefty gains. This followed after investors grew enthusiastic over vaccine distribution, bringing in hopes for a rapid recovery of earnings and the global economy. MSCI’s broadest index of Asia-Pacific shares outside Japan tallied a 0.4% gain, while Japan’s […]

Reaching their highest level in a year, oil prices soared on Friday on growing hopes for an economic recovery in the United States and a renewed commitment to hold back crude supply among oil producers. Brent crude futures rose 40 cents, or 0.7%, to $59.24 a barrel, following a $59.41 hit, its highest since Feb. […]

With the pandemic taking a heavy toll on global businesses, hardly hitting energy demand, Royal Dutch Shell found itself suffering from a sharp profit downturn in 2020. Shell’s 2020 profit suffered from a 71% decline. The company’s oil and gas production was also heavily impacted, with its adjusted earnings for 2020 slumped to $4.8 billion. […]