There needs to be agreement on cooperation between the United States and Europe for opposing any future “hurtful” subsidies used as a trade strategy by China for build up its commercial aircraft industry, said US Trade Representative Robert Lighthizer in an interview to the Reuters.  ...

The US Federal Reserve expects solid GDP growth in the second half of 2021, US central bank governor Jerome Powell said. "My expectation - and I think many people have that expectation - is that the economy will perform well in the second half of 2021, people will go back to work, businesses will...

The International Energy Agency (IEA) and OPEC have adjusted their oil demand forecasts. Most of the adjustments in expectations are for 2021, as it has become clear that demand for the fuel will decline while restrictions remain in place. At the same time, oil production will rise: the IEA...

According to the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, he sixty-two per cent of total lending by the global lender that it has disbursed so far as a response to the novel coronavirus pandemic hit has been given to 21 countries in Latin America which were...

Oil production in major oil and gas producing regions of the USA, much of the production of which is shale oil, will decrease by 137,000 barrels per day, or 1.8%, to 7.438 million barrels in January 2021 compared to the current month, the Energy Information Administration (EIA) of the country's...

The Cuban authorities have announced the date of a long-awaited reform of the monetary system, which will see the country abandon the practice of using two exchange rates and actually devalue its own currency, with a single currency regime to be applied from 1 January. At the moment, the...

Even after once again agreeing to extend trade talks beyond a self-imposed Sunday deadline., both the United Kingdom and the European Union warned that it was now likely that there will be a no-deal Brexit.   After the after Wednesday's meeting between European Commission President Ursula...

An improvement in the Japanese business sentiment was recorded in the October-December quarter, marking the second straight quarter of such a development, according to an important central bank survey released on Monday.   According to analysts, this is welcome sing sign for the country’s...

The month of November extended the double digit decline in the domestic shipment of smartphones in China. There was 17 per cent year on year drop in domestic shipments in the largest smartphone market of the world, showed data from the government released on Thursday.   The government data...