The United States saw “modest to moderate” economic growth from December to January even though the corporate turned out to be less optimistic because of multiple downside risks, said the U.S. Federal Reserve. The economic reports from 12 federal reserve… Read More ›
Issuing a severe warning of congestion at ports and catastrophic job losses in the case of the United Kingdom if there was no exit deal for the country while leaving the European Union, companies in the UK were furious at… Read More ›
Increased revenues by stronger trading in equities offset losses because of bonds trading at Goldman Sachs which helped the bank to report better than expected revenues. This is till now the only Wall Street bank that has reported growth in… Read More ›
May’s Brexi deal faces strong headwinds in parliament. Today’s vote will not only decide her May’s career but also chart Britain’s economic and geo-political future in the days to come. On Tuesday, in a historic vote in the British parliament… Read More ›
Sri Lanka is struggling to repay its foreign debt which is at a record $5.9 billion. The current amount of $300 million can be expanded to $1 billion. On Tuesday, in a move that deepens China’s grip on the island… Read More ›
Britain’s economic future will be decided today in Parliament. Options range from reversing Brexit to a cliff hanger Brexit. As per a report from British tabloid ‘The Sun’, Prime Minister Theresa May is likely to force a second parliamentary vote… Read More ›
While for the entire of 2018, the trade surplus of China with the United States got bigger, there was a drop in the imports and exports of the country in December potentially because of the trade war and tariffs which… Read More ›
China’s trade surplus with the United States grew by 11.3% from the previous year. Customs data released on Monday shows, China recorded its biggest trade surplus with the United States which touched $323.32 billion – its highest since 2006. In… Read More ›
The bulk of the fall in industrial output in the Eurozone can be attributed to weak investment appetite for capital goods, durable consumer goods, and non-durable consumer goods. On Monday, in what amounts to a confirmation of the series of… Read More ›
China’s Association of Automobile Manufacturers (CAAM) expects NEV sales to touch at least 1.6 million units in 2019. On Monday, China top automobile industry association stated, carmakers in the country are likely to face fiercer competition in 2019. Its statement… Read More ›
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