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Saudi Arabia promotes accelerated increase in OPEC+ oil production 09/08/2025

Trump promises to defend interests of American IT companies in the EU 09/08/2025

Policy Uncertainty and Industry Layoffs Drive U.S. Jobless Rate to Near Four-Year Peak 09/08/2025

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Economics

China’s March Exports Drop Less Than Expected, Surprise Growth In Imports

Exports for the month of March for the Chinese economy dropped less than was being expected by the market even as the country noted a surprise increase in imports amidst the novel coronavirus pandemic wrecking havoc through the world and has impacted global demand as well as the ability of China to...

US Nearing Completion Of Plan To Reopen Economy, Says Trump

Plans to reopen the almost stalled economy of the United States because of the spread of the novel coronavirus pandemic was close to be completed, said the US President Donald Trump said on Monday. The number of people dying of the virus pandemic in the country was starting signs of...

Indian oil refineries on the verge of closure

The number of many plants to be closed will depend on duration of the quarantine and the subsequent level of demand. Private refineries such as Reliance Industries and Nayara Energy are also not in a better position, as state-owned fuel retailers drastically reduced their fuel purchases and made...

Surge In New Loans In China For March As Virus Stimulus Is Implemented

Support for the coronavirus ravaged economy of China is being supported by the bank lending in the country with a total lending of 2.85 trillion yuan ($405 billion) in March while the total social financing also touching a record high with the central bank of the country injecting more liquidity...

Major US Consumer Categories That Saw Price Drop In March Due To Covid-19

The consumer prices in the United States dropped significantly in March, the largest drop in the give years, because of coast-to-coast shutdowns of businesses and the stay-at-home orders issued by state governments in order to curtail the spread of the novel coronavirus pandemic According...

Trump Directs Agriculture Secretary To Support Hard-Hit Farmers Amid Coronavirus Pandemic

The U.S. farmers are eager to see how the government disburses the fund assigned for agriculture sector in “coronavirus relief bill”. The American President, Donald Trump informed that the agriculture secretary has been instructed to accelerate support towards farmers especially the small farm...

EU Finance Minister Finally Agree On Emergency Coronavirus Package Of €500 Billion

The finance minister of European Union countries finally agreed on a common emergency plan to support economies of the member countries from the economic impact of the coronavirus pandemic. The total emergency package agreed upon by the EU is worth €500 billion. "This...

Largest Drop In Five Years In US Consumer Prices In March

The spread of the novel coronavirus across the United States has suppressed demand for some goods and services which has resulted in the a drop in consumer prices by the largest level in five years in the month of March. The depressed demand had also offset the price increases for some products due...

Fed pours in $ 2.3T more into US economy

The US Federal Reserve System (Fed) announced a massive expansion of support for the US economy in the amount of $ 2.3 trillion. The new pack of measures is primarily aimed at maintaining a previously stable small and medium-sized business, the loans of which the regulator promises to buy back from...

Standard & Poor’s estimates default probability across industries

Analysts at the Standard & Poor’s rating agency assessed which sectors of the economy might be most prone to corporate defaults due to the COVID-19 coronavirus pandemic. The maximum risks of default are noted in the airline industry, gambling and hotel and entertainment business, the production...