Economic news


EU offers new rules for UK investment banks
Economic

EU offers new rules for UK investment banks

Policymakers of the European Union on September 24 supported new regulations for barring big investment banks headquartered in the UK from playing major roles in the EU following Brexit, in case they don’t establish proper branches in the Union.


September 25, 2018
Siemens plans to save €500 mln, will shed 2,900 jobs
Siemens plans to save €500 mln, will shed 2,900 jobs

Siemens, the biggest industrial firm in Europe, said on September 24 that it was going to shed near 2,900 jobs in its home-country Germany, aiming...

September 24, 2018
Dollar turned for growth after lengthy decline
Dollar turned for growth after lengthy decline

The U.S. currencyrose a bit today, reversing a fortnight period of losses, with investors purchasing the dollarahead of a forecasted interest rate...

Comcast celebrates victory in race for Sky
Comcast celebrates victory in race for Sky

Sky’s shares vaulted 9% to £17.22 in the beginning of today’s session, slightly lower than the offered by Comcast £17.28...

Oil rises 2% with supplies hit
Oil rises 2% with supplies hit

Prices of oil surge over 2% today, with U.S. sanctions limiting exports from Iran, leading to shortening of supplies, while many traders anticipate...

OPEC and Russia leave oil output plan unchanged
OPEC and Russia leave oil output plan unchanged

Saudi Arabia, the leading member of OPEC, along withRussia, the largest oil countrynot linked to the Organization, on September, 23 excluded...

September 21, 2018
Oil prices up due to expected Iranian supply shortage
Oil prices up due to expected Iranian supply shortage

Crude futures rose today due to expected U.S. sanctions against Iranian oil industry, but intended lower prices that are called for by the U.S....

Firm growth of Chinese stocks pushed up shares in Asia
Firm growth of Chinese stocks pushed up shares in Asia

Stocks of Asian firms continued to go up today on Wall Street showing historical maximums, with investors deeming that the recent new tariffs from...

Euro zone’s business activity pulls back in September
Euro zone’s business activity pulls back in September

September business growth in the euro zone slowed, another indication that the highest point in the region’s performance is left behind, with...

Dollar about to show steepest weekly decline since February
Dollar about to show steepest weekly decline since February

The U.S. currency dropped versus its major peers today, except for sterling, with equity markets more firm and returns on bonds higher, both...

September 20, 2018
Chinese government prepares reduction of tariffs
Chinese government prepares reduction of tariffs

China is going to lower the average duties on foreign goods for the bulk of countries from October, according to today’s report by Bloomberg...

Japanese companies suspend crude imports from Iran
Japanese companies suspend crude imports from Iran

Japan’s refineries have withheld loadings of oil from Iran in expectation of U.S. sanctions, they’ve switched to other suppliers with...

Auction for Sky will end lasting bid competition
Auction for Sky will end lasting bid competition

The UK’s watchdog has resorted to an unusual measure of resolving the race for Sky by means of an auction as the two rivals, Comcast and...

Oil advances on decrease in U.S. inventories
Oil advances on decrease in U.S. inventories

Crude increased for three days in a row today, as U.S. stockpiles fell on and the country’s demand for gasoline held high, with possible...

September 19, 2018
Germany looking to protect tech from takeovers by China
Germany looking to protect tech from takeovers by China

Germany prepares measures to work against soaring bids of Chinese firms for stakes in German tech companies, planning a €1-bln fund...

Britain’s inflation shows surprise upswing in August
Britain’s inflation shows surprise upswing in August

UK inflation suddenly surged to the top mark in half a year in August, driven by higher seasonal growth in fares for air and marine transport,...

China introduces response tariffs on U.S. goods
China introduces response tariffs on U.S. goods

The trade war between China and the U.S. escalates further as yesterday Beijing expanded its tariffs onto $60 bln worth goods produced in the...

Oil growth expected to go on as worries of supply prevail
Oil growth expected to go on as worries of supply prevail

Crude prices stable today, as growing worries over potential supply shortage after major producers expressed unwillingness to fill in the deficit...

September 18, 2018
Audi brings electric sport utility vehicle to U.S.
Audi brings electric sport utility vehicle to U.S.

Audi, Germany’s car producer, yesterday presented its new electric SUV in the United States aiming to compete with Tesla, also bringing...

China prepares own measures after new U.S. tariffs
China prepares own measures after new U.S. tariffs

China cannot act otherwise but to introduce response measures against the United States, it said today, even though that might cause harder move by...

Japan logs first hike in land prices in most three decades
Japan logs first hike in land prices in most three decades

Mean prices on land in Japan grew in the first six months this year, the first case in 27 years, with the bigger incoming flow of tourists raising...

Oil vaults as OPEC seems reluctant to up production
Oil vaults as OPEC seems reluctant to up production

Oil was buoyed today by indications that OPEC is not ready to heighten production in order to offset decreasing Iranian supply, with Saudi Arabia...

September 17, 2018
Oil driven up by risks of deficient supply
Oil driven up by risks of deficient supply

Prices of oil gained today with the market more concentrated on the effect from U.S. sanctions against Iran even though official Washington claims...

Dollar firms on growing concerns caused by trade dispute
Dollar firms on growing concerns caused by trade dispute

The U.S. currency on the rise today with investors awaiting another move in the continuing U.S.-China tariff war.

Britain’s Prime Minister calls to uphold Brexit deal
Britain’s Prime Minister calls to uphold Brexit deal

Theresa May, the UK PM, has said addressing her own party dissenters that in case they do not back her possible agreement with the EU, chances are...

EU firms have their stocks falling as new U.S. tariffs loom
EU firms have their stocks falling as new U.S. tariffs loom

Shares of European companies fell today after reports of possible new tariffs the United States could introduce on Chinese-manufactured goods, with...

September 14, 2018
British pound about to record significant weekly rise
British pound about to record significant weekly rise

The UK pound added today, with worries of the emerging economies prospects allayed by a solid rates lift in Turkey, along with an upped growth...

European single currency up on chances of U.S.-China trade negotiations
European single currency up on chances of U.S.-China trade negotiations

The EU currency increased today, hitting the highest in a fortnight, with the dollar pressured by the U.S. inflation figures, and rebounding...

UK interest rates remain unchanged, with Brexit causing worries
UK interest rates remain unchanged, with Brexit causing worries

The BoE hasn’t made any changes to interest rates, keeping them at 0.75%, pointing out there are signs of growing uncertainty linked to...

Oil pushed up by worries over supply despite potential easing of demand
Oil pushed up by worries over supply despite potential easing of demand

Crude returns to growth today after yesterday’s slumps, with the biggest plunge in a month, in view of mounting worries over supplies...

September 13, 2018
European Central Bank sticks to its plans of ceasing bond purchases
European Central Bank sticks to its plans of ceasing bond purchases

Today the ECB reaffirmed its current policy, planning to terminate bond acquisitions in 2018 and lift interest rates in a year, unmoved by the...

U.S. records minimal number of jobless benefit applications in next to 49 years
U.S. records minimal number of jobless benefit applications in next to 49 years

U.S. unemployment pay claims surprisingly shrank in the previous week, reaching the least mark in almost 49 years, which signals of a brisk jobs...

Pound hovers at one-month peak ahead of BoE meeting
Pound hovers at one-month peak ahead of BoE meeting

The pound was firm on Thursday ahead of Bank of England monetary policy meeting due later in the day, as regulator is widely expected to hold...

Oil takes downturn amid risks of demand growth halt
Oil takes downturn amid risks of demand growth halt

Crude prices eased today, paring yesterday’s increases, on stirred up worries over unlikely continuation of fuel demand lifts considering...

Decline of Australian dollar attracts foreign investors
Decline of Australian dollar attracts foreign investors

The Australian dollar that is often regarded as a liquid proxy for world economic expansion, slipped over 8% during the year, as crises that struck...

European shares gain ahead of ECB, BoE meetings
European shares gain ahead of ECB, BoE meetings

European shares gained on Thursday in thin trading ahead European Central Bank and Bank of England decisions, while trade-sensitive auto and mining...

U.S. cryptocurrency companies create industry-specific association
U.S. cryptocurrency companies create industry-specific association

The biggest three U.S. companies dealing with cryptocoins are establishing dedicated association with the purpose of lobbying in regard to problems...

Data from Germany and Italy caused slide in euro zone’s factory output in July
Data from Germany and Italy caused slide in euro zone’s factory output in July

The euro zone’s industrial production declined in July steeper than anticipated, becoming the second straight month of falls, today’s...

Dollar pares decline as trade talks hopes revive
Dollar pares decline as trade talks hopes revive

The dollar's rise was limited while China's yuan gained on Thursday after news that President Trump administration was seeking a new round...

Yuan steadies on potential U.S.-China trade talks, Asia stocks recover
Yuan steadies on potential U.S.-China trade talks, Asia stocks recover

China’s yuan firmed on Thursday on renewed U.S.-China trade talks hopes, though the mainland’s major stock indexes fluctuated before...

September 12, 2018
U.S. stocks steady, new big catalyst for trading in focus
U.S. stocks steady, new big catalyst for trading in focus

The major U.S. stocks indexes opened unchanged on Wednesday as a surge in energy sector helped offset declines in tech stocks, which hit the Nasdaq.

Tesco’s discount chain Jack’s is due to open within days
Tesco’s discount chain Jack’s is due to open within days

Britain’s top retailer Tesco is going to unravel the details of its new discount project Jack’s in the coming week, the move aimed at...

Oil keeps advancing due to falling U.S. inventories, sanctions against Iran
Oil keeps advancing due to falling U.S. inventories, sanctions against Iran

Crude prices remained in the upward trend today as worries of supply tightening grew on data indicating a slide in U.S. oil stockpiles and...


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