Alibaba Holding Group said it would invest an additional $2 billion in the Southeast Asian e-commerce company Lazada and selected a senior executive to manage the company. Lucy Peng, one of the founders of Ali […]
Oil prices retreated from early gains on Thursday, as the continued increase in US output undermined the efforts to restore balance led by the Organization of Petroleum Exporting Countries, as well as countries outside the […]
Oil rose to its highest level in six weeks on Wednesday after a surprise drop in US stocks and continuing concerns about the possible disruption of Middle Eastern supplies. Brent crude futures rose by $1.04 […]
The dollar fell from a three-week high on Wednesday, with profit-taking by traders ahead of the Fed’s first interest rate hike in 2018. Currently, the markets believe three interest rate increases are likely to occur […]
US stocks fell after Monday’s trading session, the worst trading day in 5 weeks for both the S&P and the Nasdaq. This comes amid growing concerns over increasing regulation that large technology companies want to […]
Crude oil prices have stabilized at the end of last week, despite persistent concerns over global supply availability, as well as frequent reports of growing supplies from the United States and others. This is hampering […]
The three main US stock indexes increased by 1% on Friday, with the Nasdaq hitting a record high after February’s strong job report. Slowing wage growth, which indicates a gradual rise in inflation, helped calm […]
The US economy added 313,000 new jobs in February, marking the biggest increase in more than a year and a half, but the slowdown in wage gains points to a gradual increase in inflation this […]
Oil futures rose on Friday, as Asian equity markets rallied on news that North Korean leader Kim Jong-un will meet US President Donald Trump. South Korea’s national security chief said on Thursday, after briefing White […]
US automakers said their sales in China grew by 7.8 percent year-on-year last month to 265,994 units. The volume of sales in the first two months of the year is 633,706 vehicles, a 12 percent […]
Sky Economy News