Asian stock which had reached a 9-month high due to positive export and banking data in China continued to rally as the investors hoped that the Chinese economy would get better. Meanwhile, Wall Street underperformed as the quarterly earnings of major banks started pouring in. In the market Stocks: Asia-Pacific’s shares broadest index MSCI climbed […]Continue Reading
Trading News
U.S. consumer prices went up the most in the last 14 months in March. However, the underlying inflation trend seems to slow down the domestic as well as global economic growth. On Wednesday, a mixed report was released by the Labor Department which seemed to support the Federal Reserve’s decision to suspend its campaign in […]Continue Reading
Ping An Bank Co., a Chinese bank is performing at its best at the moment after its dismal performance last year. This has given hope to the investors that the strength of the lender in retail banking will help shoulder the country’s economic slowdown. Ping An Bank shares went up by 39 percent this year. This […]Continue Reading
Oil prices dropped on Wednesday as a result of the bullish output forecasts by two of the biggest U.S. producers. The OPEC led production cuts that led to a buildup of weekly U.S. crude oil stockpiles also had a role in the oil prices falling on Wednesday. International Brent crude futures dropped 39 cents to […]Continue Reading
Saudi Arabia is an important country in the oil market and a member of the OPEC. Known for its production of natural gas and petroleum, it also has an emerging stock market called the Tadawul. It is the main stock exchange among the Gulf countries since 2007. Being a relatively new exchange, it did not […]Continue Reading
While the trade war with China rages, United States President Donald Trump has decided to focus on another trade agreement and this time he has turned his gaze at the preferential trade agreement with India, another giant economy in Asia. On Monday, the US President stated that preferential trade agreement is going to be ended […]Continue Reading
The U.S. President Donald Trump criticized the Federal Reserve again about its tight monetary policy which has made the dollar strong and as a result hurt the country’s competitiveness. At the annual Conservative Political Action Conference held in Oxon Hill, Maryland, Trump said that the gentleman at the Federal Reserve Bank likes a very strong […]Continue Reading
The US and China negotiators are very close to reach out to a deal to end the trade war. The Trumps administrator is thinking of withdrawing almost entire tariff hike on the Chinese products. The US can only remove the tariff hike if and only if China abides by its promise of protecting intellectual property […]Continue Reading
Oil prices were high on Monday in Asia, with a slight recovery from its last week performance. During the time, when the OPEC the manufacturer club, tightened its supply output, there were progressive ongoing trade talks between the US and China. The report suggests that both the countries were very close to reach out a […]Continue Reading
On Thursday, Infosys, the second largest IT Company of India has imposed a fine of 9.5 lakh rupees on one of its key independent director Kiran Mazumdar Shaw for selling 1,600 shares accidentally of Infosys during the trading hours. Infosys has mentioned it in on February 28 during its BSE filing. She had not taken […]Continue Reading