Following a collapse the factory activity in China in February, there has been a surprise expansion of the activity in the country for the month of March. However analysts cautioned that sustained recovery in the near term for the economy cannot be assured because of the severe drop in global...

Price of Mexican oil exports fell by another 20% on the first day after the weekend, stopping at $ 10.37 by the end of the day, Pemex Oil Corporation said. The fall in oil prices to the level of the late 1990s, when the price confrontation between Saudi Arabia and Venezuela was superimposed on a...

A shortage of gold bars and coins on the market has arisen due to the coronavirus outbreak in the United States, The Wall Street Journal writes. According to the newspaper, dealers sold or temporarily closed all stocks of gold, and the large Swiss financial conglomerate Credit Suisse Group AG,...

Fed’s purchase move brings in some “positive effect on liquidity” besides lightening the panic stricken securities related to loans. On last Friday, mortgage related shares fell whereby indicating the fact that the moves taken by the Federal Reserve had brought in some “positive effect on...

The coronavirus pandemic bringing down global demand for oil as well as the breakdown of the production pact between the oil cartel OPEC and Russia and other oil producers earlier this month has crashed global oil prices. This has severely impacted African oil producing countries as they are not...

While offering more than $3 trillion in loans and asset purchases within a few recent weeks to help the economy to ride with the economic impact of the coronavirus pandemic, the Federal Reserve of the United States has not provided any direct help to the top large parts of the economy comprising of...

The world is on the verge of running out of free space for storing unclaimed oil - this will happen in just three months, according to industry experts quoted by Bloomberg. The IHS Markit consulting company notes that the current rate of supply and demand means that reserves will increase by 1.8...

South Korean electronics giant Samsung Electronics Co Ltd had pinned its hopes and plans of making inroads into the lucrative Japanese market on the 2020 Tokyo Olympics games. Currently its rival Apple is the dominant market player in the Japanese market.   However the marketing plans of the...

Saudi Arabia is holding no talks with Russia on striking a deal to create a balance in the global oil market, the kingdom said on Friday, even though there is pressure from the United States to prevent a price rout of oil with the fall in demand because of the coronavirus pandemic and amid efforts...