Stock markets on both sides of the Atlantic saw hefty losses on Wednesday, gripped by fears for the global economy only a day after enthusiasm over possible detente in an ongoing US-China trade war had given them a dizzying lift. A German GDP contraction in the second quarter, weak Chinese industrial
Britain’s inflation rate unexpectedly overshot the Bank of England’s 2 per cent target, raising the cost of living even before sterling’s slide has had much chance to feed into consumer prices. Annual consumer price inflation rose to a three-month high of 2.1 per cent in July from 2.0 per cent in June, the Office
President Donald Trump’s planned meeting with Chinese President Xi Jinping at the G-20 summit, June 28-29, has created optimism that a deal to restore normal commercial relations may be possible. However, without extensive changes in Chinese policy and law — and tough enforcement provisions — any deal will prove
Opec’s Secretary General said on Wednesday a trade deal between the United States and China would boost the global economy and would help lift a “dark cloud” over the oil market.
The Saudi central bank said last week it had prepared a 50-billion riyal ($13.32 billion) package to help banks and small and medium-sized enterprises cope with the economic impact of the coronavirus.
Oil gained on Wednesday ahead of an expected extension to production curbs by Opec and its allies, with further support from industry data showing a larger
The bilateral trade statistics are significant for understanding the economic interconnections between the trading partners, for developing trade and investment
Chinese e-commerce giant Alibaba Group will raise up to $12.9 billion from its landmark Hong Kong listing and is set to price its shares at a 2.8% discount to their New York close,
China moved again to cushion its economy, cutting a key medium-term interest rate to record lows, paving the way for a similar reduction in benchmark loan rates, while reducing the amount banks must hold as reserves.