The Chinese government’s pledge to ensure that the economy remains stable in the fall out of the Coronavirus outbreak there has helped to push the Aussie Dollar higher for the fourth consecutive day. Beijing has said that US import tariffs would be lowered, some by half, and the government will […]
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German Factory Orders Fell on the Fourth Quarter – 06 February 2020
German factory orders fell unexpectedly signaling that the recession that made the economic growth to hit its lowest level since 2013 is far from over. According to data released by the German Economy Ministry, manufacturing orders fell by 0.5 percent in the third quarter of 2019. In December, they fell […]
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China to Cut Tariffs Against US Goods in Half – 06 February 2020
The Chinese government announced on Thursday that it will cut tariffs against more than 1700 US goods in half, in order to comply with what was agreed in “phase 1” of the trade deal. The Chinese finance ministry stated during an announcement that from February 14 tariffs will be cut […]