Macau Casinos Witness Revenue Drop amid Trade War and Hong Kong Protests
The effects of US-China trade war have started to impact the demand of Macau casinos, as November records show the world’s largest gambling hub heading towards its first annual revenue decline in past three years. Besides the trade war, the Hong Kong protests have also…
US-China Trade War Diffuses as Both Agree to Roll Back Tariffs
Post 16 months of trade war, China and the United States have agreed to roll back tariffs on each other’s goods in a “phase one” trade deal if it is completed, sparking division among advisers of US President Donald Trump. As per a US official,…
Rising Trade War Tensions Force US Dollar Further Low
The global economy is suffering due to the ongoing US-China trade war and Brexit. While the increasing tensions due to the trade war have pushed the US dollar further low on the charts, pound sterling hit a one-month low amid the Brexit chaos between Britain…
Singapore Economy under Technical Recession due to Trade War
Despite the growing fears of technical recession in the Singapore economy, the Monetary Authority of Singapore (MAS) is likely to ease its monetary policy this month. In order to reduce the appreciation of the city-state’s currency against other currencies, the Singapore dollar nominal effective exchange…
Easing US-China Trade Deal leads to 4 Months High for Nikkei
The increasing tensions of a global economic slowdown have relaxed a bit as hopes of positivity loom over the US-China trade deal and the stimulus from the European Central Bank. As per the position of stock market, world’s largest financial newspaper, Nikkei has achieved its…
China Angered with US-Taiwan’s Increasing Diplomatic ties
Since the end of the formal diplomatic ties between the US and Taiwan in 1979, the foreign affairs ministry of Taiwan on Saturday confirmed that they had their first meeting with the US security officials earlier this month. The news came as displeasure for China,…
Tariff Hikes Escalate US-China Trade War, lead to Economic Losses
On Tuesday, the trade dispute between the world’s two largest economies escalated with tariff hikes from both the sides. The ongoing US-China trade war has been going on from a long time, as both the countries have been continuously placing tariffs worth billions of dollars…
Chinese Officials on High Alert for ‘Black Swan’ Situation: Xi Jinping
Chinese President Xi Jinping has notified the leaders of communist nations to be on high alert in case of ‘black swan’ events amidst a “complicated and sensitive external environment”. As China faces changes in international trade, senior officials have been urged to keep a check…
OPEC Meeting Sets Curbs at 500,000 Barrels as Oil Prices Rose
Two days of OPEC meeting in Vienna, led the Opec alliance (including Russia) agree for a curb of 500,000 barrels per day on Dec 6. After aggressively shaking the oil market, Saudi Arabia has pledged additional voluntary cuts of a further 400,000 b/d. Despite warnings…
Saudi Aramco Glides its Way to Success with World’s Largest IPO
Last updated on December 7th, 2019The Initial Public Offering set to take place next week will posit Saudi Aramco as the only firm making the world’s largest IPO. In making its market debut, the state-owned firm will raise $25.6bn (£19.4bn) and emerge as the world’s…
