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economy

USA Federal Reserve raises the key interest rate for the fourth time this year
20 Dec 2018 The Fed expected the US economy to slow down next year on the back of the uncertain global market.
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18 Dec 2018

economy

Chinese government suspends the publication of provincial economic data

Guangdong is a major manufacturing and export hub in China, which has been publishing its own monthly PMI data since November 2011.
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14 Dec 2018

economy

Weaker local demand bite into China’s retail sales and industrial output growth

The Chinese government has released data for November retail sales and industrial output growth, and both saw reductions from October.
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12 Dec 2018

economy

Extreme weather mildly affects North-South delivery in China

Some areas in Northern China are experiencing drastic drop in temperature causing heavy snow and hamper the smooth transportation of raw material in and out of the region.
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12 Dec 2018

economy

China is removing auto tariffs on USA cars, underlining the progress of trade talks

This is an important step in reversing the tit-for-tat trade tension between the two countries, industry experts said.
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11 Dec 2018

economy

China’s auto sales dropped steeply in November

Sluggish economy and the cripple effect of the trade war with the USA are cited as the main factor for the dive.
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08 Dec 2018 Brent NYMEX

economy

OPEC+ struck a deal to cut oil output by 1.2 million barrels

The cartel agreed that OPEC members would cuts 800,000 barrels a day while the Russia-led group would handle the remaining.
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07 Dec 2018 Brent NYMEX

economy

UPDATE: OPEC ended second day meeting without an output cut agreement

OPEC members ended the second day meeting in Vienna without any concrete agreement on the oil output reduction, as “member countries are not ready to cur equally”.
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