Countries around the world are trying to minimize the damage caused by the pandemic, and it is not an easy task. However, the world’s second-largest economy continues to gain strength, as can be seen from the data. It is worth noting that China’s exports rose at the fastest pace in almost three years in November. …
China’s Exports Rose at the Fastest Pace in Almost 3 Years Read More »
Australia’s economy was growing for decades, but the coronavirus pandemic changed the situation. Fortunately, the country’s economy grew by 3.3% in the third quarter, rebounding from its first recession in nearly three decades. The local economy recovered from pandemic-related shocks. According to Treasurer Josh Frydenberg, it would take a lot to get the economy back …
Australia’s Economy Grew by 3.3% in the Third Quarter Read More »
Australian companies are trying to adapt to the new reality, but the coronavirus is not the only problem. Another serious issue also affected their plans. Importantly, Australian winemakers have received another blow from China as tensions continue to rise between the countries. On Friday, Chinese regulators made an important announcement. According to this announcement, they …
How Tensions between China-Australia Affected Winemakers Read More »
India is the second-most populous country in the world and the country has one of the largest economies in Asia. However, the country is unlikely to join the world’s largest free-trade bloc in the nearest future. This is because India remains more inclined toward bilateral agreements. As a reminder, 15 Asia-Pacific countries signed the Regional …
It was a positive day for stocks in Asia-Pacific, after China and 14 other countries located in the region signed a deal that formed the world’s largest trade alliance. It is worth mentioning that, the trade deal signed on November 15, aims to gradually reduce tariffs across many areas. People should take into account that …
There is no lack of trade agreements in the world. Last week more precisely, on Sunday, China and 14 other countries signed the world’s largest trade agreement. This deal will further strengthen China’s political and economic influence in the region. The signing cemented the Regional Comprehensive Economic Partnership (RCEP) as the world’s largest trading block. …
Importance of the World’s Largest Trade Agreement Read More »
The dispute between the European Union and the U.S. started a long time ago. The EU will impose tariffs on up to $4 billion worth of U.S. products on Monday. The bloc made the decision due to a lack of progress from America on resolving a long-standing dispute over aircraft subsidies. As mentioned earlier, the …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURAUD Heightening trade risks between Australia and China have been leading uncertainty for the Aussie dollar, now that Australia’s economy is on track to struggle even through the next year. Trade Minister Simon Birmingham …
Daily Market Charts and Analysis November 06, 2020 Read More »
The U.K. has one of the largest economies in the world, but the state of its economy was far from being ideal even before the coronavirus pandemic. It is worth mentioning that the Bank of England is injecting another $195 billion into the country’s economy, after warning of a double-dip recession because of the pandemic …
How Coronavirus and Brexit Affected the UK Economy Read More »
The dollar slid to its weakest level in more than two years against the yuan. It slipped a ground lower against other Asian currencies as Democrat candidate Joe Biden edges closer to the White House. Financial markets are braced for days or even weeks of uncertainty over the U.S. election results. Republican candidate Donald Trump …
Dollar Slips as Biden Inches Closer to White House Read More »
The U.S. dollar clawed back early losses against risk-sensitive currencies in forex exchange on Wednesday. Initial results hinted President Donald Trump was slight edging over Democratic challenger Joe Biden in Florida, a key battleground state. That weakened this week’s rising expectations in markets that Biden will likely win the presidency. If Biden wins, he will …
Dollar Claws Back Losses as Trump Slightly Edges over Biden Read More »
Oil prices declined on Thursday, extending a 5% slump in the previous energy commodities session. Renewed restrictions to curb a second wave of COVID-19 infections and signs of an increasing oil supply glut send prices tumbling. By 0743 GMT, U.S. West Texas Intermediate crude futures fell 8 cents, or 0.21%, to $37.31 a barrel. Brent …
Oil Extends Losses on Renewed Lockdowns, Oversupply Worries Read More »
The World Trade Organization (WTO) made an important decision. The WTO has ruled that the European Union can impose around $4 billion in tariffs on U.S. goods, including aircraft and ketchup. It is worth mentioning that, the decision from WTO is the latest in a long-running dispute, regarding the subsidies to Boeing and Airbus. As …
World Trade Organization Ruled in Favor of European Union Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. NZDUSD The national US election is approaching, and its current president is bringing back his 2016 campaign with a prospect of permanently dropping the US’ trade relationship between the two countries before November. The …
Daily Market Charts and Analysis September 08, 2020 Read More »
People all over the world have at least some knowledge regarding the U.S.-China trade tensions. However, relations between the U.S. and the European Union (EU) are also quite complicated. The U.S. government decided to maintain 15% tariffs on Airbus aircraft and 25% tariffs on other European goods. Importantly, the EU tried to resolve a long-term …
U.S. Government Decided to Maintain 15% on Airbus Aircraft Read More »
