Oil Prices Jump After Large Crude Inventory Draw
Oil prices rose sharply on Wednesday to hit their highest level in nearly a month, as U.S.-Iran tensions simmered and industry data showed a larger than anticipated drawdown in crude inventories....
View ArticleIMF Chief Christine Lagarde To Head ECB
European leaders agreed on Tuesday to nominate France’s Christine Lagarde as the new European Central Bank President to succeed Italy’s Mario Draghi. Lagarde, a lawyer who became France’s first woman...
View ArticleAustralia Q4 Export Prices Slide 5.2% On Quarter
Export prices in Australia were down 5.2 percent on quarter but rose 4.1 percent on year in the fourth quarter of 2019, the Australian Bureau of Statistics said on Thursday. Main contributors to the...
View ArticleAustralia Private Sector Recovers In January
Australia private sector recovered in January driven by services business activity, survey results from IHS Markit showed Wednesday. The Commonwealth Bank of Australia composite output index rose to...
View ArticleJapan Has Y1,312.6 Billion Trade Deficit In January
Japan posted a merchandise trade deficit of 1,312.6 billion yen in January, the Ministry of Finance said on Wednesday. That beat estimates for a shortfall of 1,684.8 billion yen following the 154.6...
View ArticleSouth Korea Consumer Confidence Weakens In February
South Korea’s consumer confidence weakened in February after rising in the previous month, survey results from Bank of Korea showed on Tuesday. The consumer confidence index fell to 96.9 in February...
View ArticleNew Zealand Trade Deficit NZ$340 Million In January
New Zealand posted a merchandise trade deficit of NZ$340 million in January, Statistics New Zealand said on Thursday. That beat expectations for a shortfall of NZ$549 million following the NZ$547...
View ArticleCoronavirus Sends China Manufacturing PMI Tumbling
The manufacturing sector in China fell deeply into contraction in February, the latest survey from Caixin revealed on Monday with a manufacturing PMI score of 40.3. That’s down sharply from 51.1 in...
View ArticleCovid-19 Control Measures Weigh On China’s Industrial Profits
China’s industrial profits plunged at the start of the year as coronavirus, or covid-19, epidemic weighed heavily on economic activity, data publish by the National Bureau of Statistics showed Friday....
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