Year: 2020

The Bank of Japan decided to keep the cash rate steady as well as revising up its economic growth forecast. In a decision released on Tuesday, the Bank of Japan decided to leave the interest rate unchanged at -0.1 percent, signaling a cautious optimism regarding the future of the world’s […]

Illness is unpleasant, and often dangerous, and it can cause people, medical professionals, and the World Health Organization to be concerned, for a variety of reasons. But when illness threatens the global stock markets, the world takes notice – and that’s exactly what happened in the Asian markets on Tuesday, […]

Comments made by the U.K.’s Finance Minister sent the Pound Sterling tumbling after it stoked concerns about a hard Brexit. Sajid Javid said in a Saturday interview that Britain was not likely to maintain EU trade rules, which was perceived as a threat to those businesses that had been hoping […]

According to the Chinese Minister of Industry and Information Technology China is confident that industrial growth will be stable this year. “Looking forward to 2020, industrial development faces many difficulties and risks,” said the minister. “The pressure on stabilizing industrial growth is still big,” he continued, adding that the Chinese […]

Oil prices touched their highest levels in more than a week on Monday after Libya’s National Oil Corporation (NOC) announced that two big oilfields were shutting down after forces supporting the Libyan National Army closed a pipeline. The move is the latest in a long-standing period of political conflict in […]

The US Dollar rose against the Japanese Yen during trade in the Asian session after data released on Thursday suggested that the US economy was able to maintain growth at a moderate pace toward the end of 2019. The US Census Bureau reported that retail sales maintained a 0.3% level […]

The majority of the major currencies had a muted response to yesterday’s signing of a trade deal between China and the United States, largely because there were no new surprises. Analysts point out that the issues which were agreed upon had already been determined since mid-2019, so this signing of […]

The People’s Bank of China said that the reserve requirement ratio (or RRR) is currently at an appropriate level. The head of the People’s Bank of China’s Sun Guofeng added that there is limited room for further cuts in the reserve requirement ratio (RRR). At the beginning of the month, […]

The signing of “phase 1” of the U.S.-Sino trade deal on Wednesday has allowed traders and analysts worldwide to breathe a sigh of relief. After weeks of speculation as to whether the deal would be signed, the two countries are on their way to more stable political and economic relationships […]

The Pound Sterling initially edged lower in Wednesday trade after disappointing inflation data ramped up market expectations that the Bank of England will be cutting its lending rate at this month’s meeting. According to the Office of National Statistics, CPI hit 1.3% last month, down from November’s 1.5% and the […]