Economic News



NAFTA is expected to be agreed upon, Trump though threatens to scrap it
Economic

NAFTA is expected to be agreed upon, Trump though threatens to scrap it

NAFTA will likely be agreed upon with the introduction of just slight changes, the bigger part of experts said in a poll by Reuters, notwithstanding Donald Trump’s threats to scrap it. 


Wall Street opens slightly higher, potential government shutdown in focus
Wall Street opens slightly higher, potential government shutdown in focus

U.S. major stock indexes edged higher on Friday, led by gains in Amazon and Nike, while investors ignored concerns over possible U.S. government...

House approves temporary funding bill, while Senate is torn
House approves temporary funding bill, while Senate is torn

Legislation to deter a threatening government shutdown in the United States faced hurdles in the Senate yesterday, even though the House of...

Fed's Dudley admits temporarily exceeding inflation target above 2%
Fed's Dudley admits temporarily exceeding inflation target above 2%

Bill Dudley, president of the Federal Reserve Bank of New York, considers it expedient to review Fed's inflation target of 2 percent. Dudley...

IEA keeps oil demand growth estimate for 2018 steady
IEA keeps oil demand growth estimate for 2018 steady

The International Energy Agency (IEA) confirmed the forecast for growth of world oil demand in 2018 at 1.3 million bpd. Earlier OPEC left its...

Miners led European stocks to 2-1/2 year peak
Miners led European stocks to 2-1/2 year peak

European stocks inched up on Friday as rise among miners following solid economic figures from top metals consumer China offset a decline in...

Boris Johnson proposes to build a bridge between UK and France
Boris Johnson proposes to build a bridge between UK and France

British Foreign Secretary Boris Johnson suggested building a bridge across the English Channel, Sky News reported. 

PBOC raises official yuan midpoint to more than two-year high
PBOC raises official yuan midpoint to more than two-year high

The People's Bank of China on Friday raised its official yuan midpoint 232 basis points to 6.4169 against the U.S. dollar. According to the...

Dollar index inches down to four-month low
Dollar index inches down to four-month low

The dollar index slipped for a second straight day, edging down to a four-month trough amid concerns over a possible U.S. government shutdown due...

Asian shares gain on solid China growth
Asian shares gain on solid China growth

Asian shares shrugged off Wall Street's decline and inched up to record peak on Friday amid better-than-expected China’s growth data.

Wall Street opens in break-even territory
Wall Street opens in break-even territory

U.S. main stock indexes opened virtually flat on Thursday, supported by optimism over the economic growth and corporate earnings. 

U.S. administration is at final stage with its infrastructure plan
U.S. administration is at final stage with its infrastructure plan

The U.S. administration is at the final stage of formulating its infrastructure plan, which would largely shift project financing to states and...

U.S. homebuilding in December fall at fastest pace since November 2016
U.S. homebuilding in December fall at fastest pace since November 2016

Housing starts in December in the U.S. fell by 8.2% compared to the previous month and to 1.192 million units, the Commerce Department...

China's economy grows faster than expected in October-December of 2017
China's economy grows faster than expected in October-December of 2017

The economy of China expanded at a higher rate than forecasted in the last quarter of 2017 compared to the same period of the preceding year,...

Bitcoin climbs above $11,000
Bitcoin climbs above $11,000

Bitcoin recouped slightly its losses on Thursday, climbing above $11,000 on Thursday, as the most popular digital currency tried to recover after...

Pound firms after recent surge as Brexit risks recede into background
Pound firms after recent surge as Brexit risks recede into background

The pound firmed versus the dollar on Thursday, consolidating the recent progress that have lifted sterling to its top since UK voted to depart...

European stocks rise modestly amid U.S. and Asia rally
European stocks rise modestly amid U.S. and Asia rally

European stocks rose slightly in early trading on Thursday, being unable to match a rally that boosted Wall Street and Asia to fresh record...

Apple to invest more than $350 billion into U.S. economy
Apple to invest more than $350 billion into U.S. economy

Apple intends to invest more than $350 billion into U.S. economy over the next five years, as well as open a second headquarters. 

Dollar pulls back as euro slides
Dollar pulls back as euro slides

The dollar retreated from three-year trough on Thursday as comments by European Central Bank policymakers paused the European single currency...

Asian shares reach record peak following Wall St. rise
Asian shares reach record peak following Wall St. rise

Asian shares scaled record peak on Thursday, with a rally by Wall Street underpinned bullish investor sentiment. 

U.S. stocks inch up, tech stocks among leaders
U.S. stocks inch up, tech stocks among leaders

U.S. stocks rose modestly in early trading on Wednesday, boosted by gains in technology sector as Microsoft and IBM are among the best...

Bitcoin slips below $10,000, the first case since December
Bitcoin slips below $10,000, the first case since December

Bitcoin has fallen below $10,000, the level that occurred last time in December. The rate of a coin plunged to $9,958, though later it went up a...

Pound loses steam after rally, focus on Brexit developments
Pound loses steam after rally, focus on Brexit developments

The pound inched lower versus the dollar on Wednesday after a rally as investors locked in profits and focused on the latest progress in talks...

Oil prices fall following 13% rise over the past few weeks
Oil prices fall following 13% rise over the past few weeks

Oil lost some of previous rise on Wednesday as experts forecasted a fall after the growth of over 13% during several past weeks. 

EU car sales grow for fourth consecutive year
EU car sales grow for fourth consecutive year

Sales of cars in the European Union in 2017 increased for the fourth straight year, rising by 3.4% to 15.138 million units - its highest since...

EU to exclude 8 countries from tax haven blacklist
EU to exclude 8 countries from tax haven blacklist

EU finance ministers recommended to exclude eight countries, including Panama and Tunisia, from the blacklist of tax havens. The list also...

GE considers breakup of company into separate businesses
GE considers breakup of company into separate businesses

General Electric Co. (GE) is considering the possibility of dividing the company into several businesses, Chief Executive John Flannery said....

Nestle sells its U.S. confectionery business to Ferrero for $2.8bn
Nestle sells its U.S. confectionery business to Ferrero for $2.8bn

The Swiss food company Nestle sold its U.S. confectionery business to the Italian company Ferrero for $2.8 billion. 

Dollar slips to three-year trough
Dollar slips to three-year trough

The dollar slumped to a three-year trough versus its major counterparts on Wednesday, shedding its earlier gains as the euro rose amid coalition...

Asian stocks fall following slump in commodities prices
Asian stocks fall following slump in commodities prices

Asian shares retreated from a record peak on Wednesday following decline in crude and commodity prices. 

Dow touches 26,000 for first time ever
Dow touches 26,000 for first time ever

The Dow Jones Industrial Average reached the 26,000-mark for the first time in history on Tuesday and other Wall Street major indexes rose as...

U.S. oil output is about to set historic maximum, which could change the international oil market
U.S. oil output is about to set historic maximum, which could change the international oil market

Booming shale oil production in the US is about to bring the country’s output above 10 mln barrels daily – beating the historic...

European shares climb on solid corporate data
European shares climb on solid corporate data

European stocks edged higher on Tuesday amid corporate trading updates and the euro’s decline. The pan-European STOXX 600 index rose 0.2...

Pound firms as UK inflation eases
Pound firms as UK inflation eases

Sterling was stable versus the dollar on Tuesday as investors assessed an update data on UK inflation which showed consumer prices increased 3% on...

German annual inflation slows to 1.7% in December
German annual inflation slows to 1.7% in December

In December 2017, consumer prices in Germany, calculated by national standards, increased by 1.7% compared to the same month in 2016, according to...

Xi Jinping urges U.S. to settle trade disputes
Xi Jinping urges U.S. to settle trade disputes

China's President Xi Jinping urged U.S. President Donald Trump to find a solution to the trade and economic disputes between their countries...

Citigroup discloses gender pay data
Citigroup discloses gender pay data

Citigroup Inc. became the first of the largest U.S. banks which have disclosed information about the differences in salaries between men and...

Number of international tourist arrivals rise 7% in 2017
Number of international tourist arrivals rise 7% in 2017

In 2017, the number of international tourist arrivals grew by 7% to 1.322 billion, according to to the UN World Tourism Organization (UNWTO). 

Euro firms on potential end of ECB's bond purchase scheme
Euro firms on potential end of ECB's bond purchase scheme

The euro traded at almost 3-year peak on increasing anticipations that the European Central Bank could could finish its bond purchase scheme. 

Asian stocks extend their best start to a year since 2006
Asian stocks extend their best start to a year since 2006

Asian stocks advanced on Tuesday, despite early moderate losses as rise in the consumer staples and technology shares offset a fall in...

Bitcoin firms above $13,000, Ripple dips
Bitcoin firms above $13,000, Ripple dips

Bitcoin was virtually flat on Monday, trading above the $13,000 mark, while Ripple prices declined. The bitcoin spot price ticked up 0.6% to...

Ford to invest $11 billion in electric cars by 2022
Ford to invest $11 billion in electric cars by 2022

Ford Motor Co. will invest $ 11 billion in the development of electric vehicles in the period until 2022 and already in 2020 intends to present a...

SoftBank could raise $18 bln from mobile phone business IPO
SoftBank could raise $18 bln from mobile phone business IPO

Japan's SoftBank Group Corp is considering the possibility of an initial public offering of shares of its mobile phone unit. The company aims...

Renault sales hit record level in 2017 - almost 3.8 million cars
Renault sales hit record level in 2017 - almost 3.8 million cars

In 2017, Renault sales rose to a record level, and the rate of increase in its sales surpassed the growth of the global automotive market. The...

Asked prices for London homes fall the biggest since onset of financial crisis
Asked prices for London homes fall the biggest since onset of financial crisis

The home prices that Londoners are looking to get for their houses dropped the biggest from the onset of the financial crisis this January, while...

Airbus beats Boeing in orders for fifth straight year
Airbus beats Boeing in orders for fifth straight year

The European planemaker Airbus in 2018 has increased the advantage over its U.S. competitor Boeing Co. by volume of orders. Net orders after...

Brent climbs to $70 due to production cuts initiative led by OPEC
Brent climbs to $70 due to production cuts initiative led by OPEC

Brent prices climbed to $70 per barrel today, helped by continuing production cuts initiated by OPEC, and paying no attention to the increase in...

Dollar extends losses against major peers
Dollar extends losses against major peers

The U.S. dollar decline continued on Monday as traders assessed the risks of tighter monetary policy from European Central Bank. 

Asian stocks climb to historic top
Asian stocks climb to historic top

Asian stocks reached historic top on Monday following Wall Street's extended gains as investors became more optimistic about economic...

Dollar keeps falling, while euro gets a boost from ECB signals
Dollar keeps falling, while euro gets a boost from ECB signals

The dollar fell versus competing currencies today after low factory inflation figures, at the same time the euro got a strong boost from the...

Indications of overheated market send oil down after three-year highs
Indications of overheated market send oil down after three-year highs

Oil prices took a tumble after attaining record highs in three years today based on the notion that a rise of 13% since the beginning of December...

Dollar grows against yen, worries that China stops buying US government bonds subside
Dollar grows against yen, worries that China stops buying US government bonds subside

The dollar inched up versus the yen today following foreign exchange regulator of China’s statement that alleviated worries relating to the...

Ethereum sets another historic record and its yearly gain has made up more than 13,000%
Ethereum sets another historic record and its yearly gain has made up more than 13,000%

Ethereum set another historic record today, as the virtual currency has grown by over 60% in a week. The cryptocurrency leaped to $1,417.38,...

World economy will grow thanks to emerging countries in 2018
World economy will grow thanks to emerging countries in 2018

The world economy is expected to grow by 3.1% this year, a little higher than in 2017 and entering the year when it’ll approach or fulfill...

Growth of euro decelerates, dollar gains against yen
Growth of euro decelerates, dollar gains against yen

The euro showed no signs of growth on Tuesday after a fall from last week’s levels as investors were watchful in the wake of a lengthy...

US oil prices are at their record highs since 2015, though doubts over buoyancy emerge
US oil prices are at their record highs since 2015, though doubts over buoyancy emerge

US prices for oil reached their record highs since 2015 once more today as traders are confident that prices are going to continue growing thanks...

UK pound dips as cabinet reorganization is being watched
UK pound dips as cabinet reorganization is being watched

British pound dipped against the dollar on Monday as investors followed UK cabinet reorganization, though majority hold the opinion that bar any...

Stocks of the world show the best results in eight years
Stocks of the world show the best results in eight years

Stock markets across the globe jumped nearing the historic records today, as 2018 began strongly, and it’s the best start in 8 years, while...

Oil is down as the continued growth raises doubts
Oil is down as the continued growth raises doubts

Prices of oil dropped on Friday, retracting from the peaks last seen in 2015, as climbing US output damaged a rise of 10% from December’s...

Dow surpasses 25,000 mark, other main indexes show similar results
Dow surpasses 25,000 mark, other main indexes show similar results

The Dow surpassed the mark of 25,000 on Thursday, which is the first such instance, while other main indexes jumped setting records once more,...

US currency keeps down, positive data can’t push it up
US currency keeps down, positive data can’t push it up

The US currency dipped on Thursday, after a slight rise overnight, keeping close to the worst level in 3 months, while positive US figures and...


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