Sep 13, 2017 11:28 am UTC| Commentary
U.S. commerce department decided to impose countervailing duties on imports of tool chests and cabinets from China accusing the country of subsidizing those products. In a statement released on the commerce department...
Sep 13, 2017 10:59 am UTC| Commentary
North Koreas foreign ministry released a statement today in response to the new tougher sanctions on North Korea, adopted unanimously at the United Nations Security Council on Monday which bans North Korean exports of...
U.S. Treasuries gain ahead of 30-year auction, producer prices data
Sep 13, 2017 10:55 am UTC| Commentary Economy
The U.S. Treasuries gained Wednesday as investors wait to watch the countrys 30-year auction, scheduled to be held today by 17:00GMT, besides, the producer price index for the month of August, due today by 12:30GMT will...
U.S. under Trump Series: SCOTUS upholds POTUS travel ban
Sep 13, 2017 10:34 am UTC| Commentary
The Supreme Court of the United States (SCOTUS) has upheld the controversial travel ban on six Muslim majority countries initiated by the President of the United States (POTUS) via executive order. After the inauguration,...
UK gilts jump after unemployment rate cheers markets in July
Sep 13, 2017 09:14 am UTC| Commentary Economy
The UK gilts jumped Wednesday after the countrys unemployment rate fell in July while wage inflation registered a weaker-than-expected increase. Further, the Bank of Englands (BoE) monetary policy decision, scheduled to be...
Finnish economy likely to grow 2.8 pct in 2017, 1.8 pct in 2018: Danske Bank
Sep 13, 2017 08:37 am UTC| Commentary Economy
The Finland economy is expected to have grown 2.8 percent in 2017 and 1.8 percent in 2018. Finnish GDP is still below the previous peak and the economy is cruising towards potential output, which it may reach soon. Future...
Oil in Global Economy Series: Nigeria to resist production cuts as more time needed for recovery
Sep 13, 2017 08:30 am UTC| Commentary
Nigerian oil minister Emmanuel Kachikwu said in an interview with Financial Times that was published on Tuesday that the country will resist any pressure to curb its output as it clearly needs more time to recover after...