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China will boost purchase of US imports according to 'market principles'

China will push negotiations with American companies in raising US importation of goods and products with consideration to market principles, said an official with state planner. Spokesperson for the Chinese National Development and Reform ...
21.01.2020

Oil prices retreat as concerns on supply diminish

SINGAPORE- Oil prices inched down on Tuesday as investors paid little attention to previous supply concerns following Libya’s declaration of a force majeure on two oilfields.                 ...
21.01.2020

Asian shares grow wary on Virus threat in China

SYDNEY- Asian shares slipped on Tuesday as growing concerns about a recently discovered strain of coronavirus in China swiped in risks in Asian financial markets.                 ...
21.01.2020

Yen climbs, yuan falls as stocks drop due to China virus outbreak

The Japanese yen climbed while Chinese yuan fell against US dollar as news of coronavirus outbreak in China raised concerns among investors, causing Asian stocks to fall. The yuan fell against the USD in onshore and offshore trade as the fourth ...
21.01.2020

Oil prices rise as Libya shuts down crude production

Oil prices rise as Libya shuts down crude production Oil prices soar to its highest in more than a week on Monday after Libya began halting operations on two of its major production bases through military blockades, potentially reducing national ...
21.01.2020

Global FDI dips amid Hong Kong divestment and Brexit uncertainties: UN

Global FDI dips amid Hong Kong divestment and Brexit uncertainties: UN Global direct foreign investment (FDI) dipped slightly last year after being knocked back by a massive divestment in Hong Kong and Brexit uncertainties, the United Nations ...
21.01.2020

JPMorgan to expand Paris hub post-Brexit

JPMorgan to expand Paris hub post-Brexit JPMorgan Chase & Co became the latest investment bank to significantly expand its Paris hub, seizing new premises in the French capital. The move comes as part of a plan to relocate some its services ...
21.01.2020

Argentina swaps $1.66 billion Treasury bills to push back debt repayment

Argentinian economy ministry said that it exchanged 99.6 billion pesos ($1.66 billion) Treasury bills in a debt swap auction to postpone its repayment schedule amid an economic crisis. The ministry conducted an auction for two new peso-denominated ...
21.01.2020

Dollar soars on high market sentiment over US economic forecast

SINGAPORE- US Greenback started a strong weekly session on Monday brought heavily by positive US economic data, minimizing the possibility of interest rate cuts. The US dollar remained firm enough to reach its one week high against the euro ...
20.01.2020

Oil price hikes as Libyan oilfields shutdown trickles production

Oil prices hiked as two major crude production in Libya shut down due to a military blockade, causing oil flow to slow down. Brent crude LCOc1 futures rose 1.25%, or 75 cents, at $65.60 by 0109 GMT, earlier rising to $66.00 a barrel, its highest ...
20.01.2020

China to secure industrial growth in 2020

BEIJING- China assured to stabilize the industrial growth and aid its progress for 2020 despite pressing concerns encountered by the sector, Minister of Industry and Information Technology Miao Wei said on Monday. China’s industrial ...
20.01.2020

Bank of America aims to 'double' consumer market share in US, says CEO

Chief Executive officer Brian Moynihan of Bank of America Corp said that the bank could raise its consumer market twice larger in the US despite fear of major banking institutions. "Our market share in consumer is probably 12, 13, 14 percent, ...
20.01.2020

IEA warns oil and gas companies about lax emission policies

IEA warns oil and gas companies about lax emission policies The International Energy Agency (IEA) on Monday cautioned oil and gas companies that failing to increase investments in low carbon energies may result in them facing backlash that ...
20.01.2020

Over 1,000 EU firms to open UK branches after Brexit

Over 1,000 EU firms to open UK branches after Brexit Over 1,000 banks, asset managers, payments companies, insurers in the European Union are planning to open their offices in a post-Brext UK in order to mitigate the loss of businesses going ...
20.01.2020

China's 2019 pork production hits 16-year low due to swine flu

BEIJING-China’s 2019 pork production sunk to 16 years of inactivity, data showed on Friday as the African swine influenza dispatched millions of pigs in world’s leading producer of pork. China tallied 42.44 million tonnes of pork ...
17.01.2020

Dollar peaks on 8-month high vs JPY as US economy keeps stable growth

US dollar gained against Japanese yen on an eight-month peak due to a stable growth rate in US economy in 2019. Retail sales rose for the third straight month in December while filing claims for unemployment benefits fell for the fifth straight ...
17.01.2020

Oil prices fall as stockpiles drop past analyst expectations

Oil prices fall as stockpiles drop past analyst expectations Oil prices fell on Friday morning as stockpiles took a sharper decline than analysts expected. This was confirmed by a report by the U.S. Energy Information Administration (EIA). ...
17.01.2020

Gold prices rise amid brewing skepticism over U.S.-China’s Phase 1 trade deal

Gold prices rise amid brewing skepticism over U.S.-China’s Phase 1 trade deal Gold prices rose on Friday amid skepticism about the trade deal between the U.S. and China. Beijing and Washington had signed a Phase 1 deal on Wednesday, though ...
17.01.2020

Oil prices remain steady ahead of frail stats on China growth

TOKYO- Oil prices were steady on Friday as market participants awaited for figures disclosing China’s economy is on its slowest in 29 years, with gains being the current safe haven following Washington and Beijing’s settlement of ...
17.01.2020

China GDP grows 6% in fourth-quarter, in line with analyst estimates

China released its fourth quarter GDP for 2019, showing an economic growth of 6% compared to last year. Official data showed that the Chinese economy maintained last quarter’s pace as expected by analysts. GDP was estimated to grow by ...
17.01.2020
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