Easy monetary policy tends to affect gold, as the Chinese central bank said on Wednesday that it will reduce the amount of cash that all banks must hold as reserves, which frees money to support […]
It has been a remarkably strong year for stock markets in the United States of America, and it is this strength that forces investors to ask if this strong rally will turn into a down […]
The Chinese government has said it will postpone the tariffs on American-made cars and other goods after a temporary trade agreement with Washington. Sunday’s announcement came after Washington agreed to delay the lifting of the […]
Oil rose to its highest level in nearly three months after US President Donald Trump signed a partial trade deal with China, and expectations for global demand rose after OPEC+ agreed to deepen production cuts. […]
Saudi Aramco shares rose after its initial public offering, as the market value of the world’s largest oil producer was valued at a record $1.88 trillion, which in turn raised the stock market in Saudi […]
Chinese technology giant Alibaba broke the record for the largest public offering in 2019 on Tuesday in Hong Kong. Alibaba Group Holdings Limited broke the Uber record set in May at $8.10 billion, with a […]
Saudi Arabia marginalized international banks advising on Aramco’s IPO. JPMorgan Chase & Co. and Morgan Stanley are among the global coordinators who have been sidelined after the oil giant turned to local lenders such as […]
Senior negotiators from China and the United States spoke last weekend, after signs emerged of concessions by both sides on some outstanding issues. Chinese Vice Premier Liu He, the chief negotiator in trade talks with […]
Federal Reserve Chairman Jerome Powell will testify on Wednesday before the Congress on the outlook for the US economy, giving his view two weeks after the Fed cut interest rates for the third time this […]
The number of Americans filing for jobless claims rose to a five-month high last week, but this is unlikely to signal a shift in labor market conditions as claims for a number of states were […]
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