Мария Давыдова

Maria specializes in calculating market indicators using special formulas. She teaches traders to predict the exact outcome of the trade and not rely on their assumptions and emotions during the trading process.
Maria is a practicing analyst who has a comprehensive understanding of the market situation.

Copper prices plummet as concerns over China virus intensifies

Copper prices plummet as concerns over China virus intensifies London copper dropped to its lowest in 8 weeks on Monday as concerns over the new virus in China intensified after it had claimed 80 victims. On the London Metal Exchange, prices of 3-month copper fell by 1.9% at $5,812/ton, its lowest price since December 4, […]

Britain releases 50 pence coin to mark exit from EU

Britain revealed on Sunday its minted 50 pence coin to mark the country’s exit from the European Union. The said coin was embossed with encryption “Peace, prosperity and friendship with all nations” together with Brexit date of 31 January 2020. An estimated three million coins will be distributed for public use from shops, banks, and […]

Oil prices suffer further as China virus contagion worsens

Oil prices sunk down with 2% loss as it recorded consecutive months of lows on Monday. Such inactivity was brought heavily by the growing number of novel coronavirus cases and city lockdown that may drastically affect demand for crude. Brent crude LCOc1 declined by $1.12 per barrel, or equivalent to 1.9% to $59.57 by 0013 […]

Intel shows signs of turnaround for 2020

Intel shows signs of turnaround for 2020 Intel Corp on Thursday signaled the market view that the chip industry would be reaching a turnaround after a prolonged slowdown. Driven by cloud computing demand, the 2020 forecast is expected to see better revenue than Wall Street’s expectations, Intel added. The company’s sales in its closely watched […]

More central banks plan on issuing virtual currencies

With growing inclination in technology, several central banks are planning to release their own virtual currencies, according to findings of Bank for International Settlement. Research showed an additional 10% increase as 20% of the 66 central banks interviewed are planning to have their own digital coins within the next six years. In line, one in […]

Ford estimates a $2.2 billion pre-tax hit in fourth quarter due to pension plans

Ford Motor Co said that its fourth quarter earnings will be affected by a pre-tax loss of up to $2.2 billion caused by a higher contribution to its employees’ pension plans. The higher contribution was due to a decrease in discount rates, which leads to a larger amount of money to be contributed for future […]

Oil declines for three consecutive days on pressing concerns of coronavirus

Oil prices sunk to lowest level in seven weeks on Thursday dragged by anxiety that contagion of China’s new strain of virus may reduce fuel demand. In line, figures disclosed that United States’ oil inventories advanced last week. The persistent and threatening Coronavirus has resulted to the death of 17 people since it was first […]

Japan recovers from initial virus-related losses, issues still remain

Japan recovers from initial virus-related losses, issues still remain Japanese shares made humble gains on Wednesday as investor panic about China’s coronavirus outbreak eased. While hygiene-related firms continued to be in demand, pressure persisted on the tourism sector. The Nikkei share average rose 0.2% to 23,904.51 in mid-morning trade, partially clawing back losses from the […]

Yen climbs, yuan falls as stocks drop due to China virus outbreak

The Japanese yen climbed while Chinese yuan fell against US dollar as news of coronavirus outbreak in China raised concerns among investors, causing Asian stocks to fall. The yuan fell against the USD in onshore and offshore trade as the fourth death due to the illness was confirmed. A Chinese health expert also warned that […]

Asian shares grow wary on Virus threat in China

SYDNEY- Asian shares slipped on Tuesday as growing concerns about a recently discovered strain of coronavirus in China swiped in risks in Asian financial markets.                 Safe-haven bonds and the yen marginally advanced as investors recalled implications of SARS virus back in 2003, with the possibility of nationwide spread of coronavirus as millions will visit […]

Bank of America aims to ‘double’ consumer market share in US, says CEO

Chief Executive officer Brian Moynihan of Bank of America Corp said that the bank could raise its consumer market twice larger in the US despite fear of major banking institutions. “Our market share in consumer is probably 12, 13, 14 percent, depending on who counts. … The reality is, you could double that,” Moynihan said in […]

Dollar peaks on 8-month high vs JPY as US economy keeps stable growth

US dollar gained against Japanese yen on an eight-month peak due to a stable growth rate in US economy in 2019. Retail sales rose for the third straight month in December while filing claims for unemployment benefits fell for the fifth straight week, showing a strong and stable labor market. Manufacturing activity in the Mid-Atlantic […]

Global stocks reach high level as markets assess Sino-US trade pact

TOKYO- Stocks across the world edged up, reaching record highs on Thursday. Such activity followed after China and the United States signed the “Phase 1” of the trade agreement intended to mitigate their months-long trade dispute that dragged the global economy. Despite positive performance, investors remain cautious as numerous concerns are still unsettled. MSCI’s broadest […]

United States to keep tariffs on Chinese products until Phase 2 pact: Mnuchin

UNITED STATES TO KEEP TARIFFS ON CHINESE PRODUCTS UNTIL PHASE 2 PACT: MNUCHIN WASHINGTON-The United States will continue the ongoing rounds of tariffs on Chinese products until such time that both sides come up with a second phase of the US-China trade agreement, United States Treasury Secretary Steven Mnuchin stated on Tuesday, a day before […]

Trump says China trade deal to be signed shortly after 15th January

Trump says China trade deal to be signed shortly after 15th January U.S. President Donald Trump said on Thursday that the Phase 1 trade deal with China could be signed “shortly thereafter”. “We’re going to be signing on January 15th,” Trump told the ABC TV affiliate in Toledo during an interview, “ I think it […]

Japan consumer spending declines again in November, dents recovering economy

Japan household spending dropped on its second straight month in November, indicating a higher sales tax weighing down on private consumption for a while. Japan has been working to regain momentum after the drop in household spending which followed the October sales tax hike. Japan exports were hit by weak global demands in the past […]

SoftBank-backed delivery company Rappi lays off 6% of workforce

Latin American delivery startup Rappi announced that it dismissed 6% of its employees. This measure came after Japan’s Softbank Group invested a total of $1 billion in Rappi. Rappi did not provide specific figures on how many jobs they have cut. According to the Brazil Journal news outlet, Rappi has 5,000 people working for them, […]

UK-EU trade deal “basically impossible” to negotiate in 1 year says EU head

The head of the European Commission described on Wednesday that Britain’s chances to negotiate all aspects of its post-Brexit relationship with the European Union to be completed within the year as “basically impossible”.            Ursula von der Leyen bared her thoughts about the EU-UK before meeting British Prime Minister Boris Johnson, saying, “The transition time is […]

Wall Street declines as investors wary on US-Iran tension, but chipmakers gain

Wall Street’s major indexes fell as investors become cautious of the escalating tension between the US and Iran. Following this, energy shares also dropped while oil prices recently climbed back up. S&P 500 futures dropped 1% after news of Iranian missile attacks on Iraqi air base housing American troops was reported. The drop in S&P […]

Middle East tension propels yen to three-month high

SINGAPORE- Japanese yen performed well as gold inched higher on Wednesday after Iran attacked base of Iraq hosting US armies. Such tension brought in fears of wider political conflict between Iran and United States driving investors run to safety. Anonymous US officials disclosed that rockets were fired at several target points including Iraq’s al Asad […]

China lifts twenty-year ban on Japanese beef imports as it faces meat supply shortage

China lifted the ban on Japanese deboned beef taken from cows under 30 months old, as notified by the General Administration of Customs. This ends the almost two-decade ban on the beef imports from Japan. This measure comes as China faces severe shortages on meat supply due to an outbreak of African swine fever disease. […]

US business borrowing for capital investment drops 3% in November

Borrowings for capital investments in US companies fell 3% in November compared to last year’s figures, according to the Equipment Leasing and Finance Association (ELFA). US companies signed up for leases, loans, and lines of credit up to $7.8 billion, down from last year’s $8 billion. Borrowings dropped 23% when compared from last month’s. “Uncertainty […]

Japan approves record budget for next fiscal year

Japan approves record budget for next fiscal year Japan’s cabinet has approved a record budget for the next fiscal year amid rising social security costs and a government already struggling with the developed world’s biggest debt. Spending by the Japanese government will increase by about 1.2% to 102.7 trillion Yen ($939 billion) on April next […]

China and US keep close communication on signing of phase one deal

The United States and China are keeping close communication on the signing of the phase one trade deal, China’s commerce ministry said. The phase one of the deal will see to decrease the tariffs imposed on Chinese goods and to boost higher Chinese purchases of US energy, farm, and manufactured goods. The phase one of […]

CITIC sets to become first China firm to lead Asia equity rankings

CITIC sets to become first China firm to lead Asia equity rankings CITIC Securities is poised to become the first Chinese firm to lead annual equity markets (ECM) rankings for Asia-Pacific excluding Japan this year.   Goldman Sachs, Morgan Stanley, and other Western banks have traditionally battled over the top position in the region, where […]

Electrolux to obtain $70 million charge for US overhaul

Swedish appliance maker Electrolux stated that its North American business will obtain $70 million in Q4 as part of moving into a new facility in South Carolina. The new facility in Anderson, South Carolina is set to replace manufacturing in St. Cloud, Minnesota and other facilities in Anderson, driving Electrolux to invest $350 million in […]

IFF announces merger with DuPont’s $26.2 billion nutrition unit

International Flavors & Fragrances Inc plans to merge with Dupont Inc’s nutrition and biosciences unit worth $26.2 billion in a merger deal. This measure was done to create a new consumer giant worth at least $45 billion. Under the terms of agreement, IFF shareholders will own 44.6% of the new company’s shares while DuPont shareholders […]

Singapore Q3 unemployment rate peaks at 2.3% in ten years

Singapore’s unemployment rate in Q3 of 2019 hiked to its highest in 10 years amid economic uncertainty caused by an election to be held in the coming months, official data showed. Overall unemployment rate climbed to 2.3% from the previous quarter’s 2.2%. This was the highest unemployment rate since the fourth quarter of 2009, which […]

Oil prices drop due to surprise hike in US crude stocks

Oil prices dropped due to an unforeseen build in crude inventory in the United States and a slow progress in the US-China trade deals made investors wait on whether new tariffs on Chinese goods will be placed. Brent futures LCOcl slid 0.7%, or 44 cents, priced at $63.90 per barrel by 0342 GMT. US West […]

China expects US to defer Dec. 15 tariff hike amid talks

Amid the ongoing trade deal between China and the U.S., Chinese trade officials expect the U.S. to defer tariff hike slated on Dec. 15. According to sources privy to the on-going talks, the two sides are getting closer to secure an agreement of lowering the tariffs already in place. But instead of lifting the existing […]

HSBC Swiss unit to pay $192 million to resolve latest U.S. tax evasion deal

HSBC Swiss unit to pay $192 million to resolve latest U.S. tax evasion deal The Swiss private banking unit of HSBC Holdings Plc will pay $192.4 million to resolve a U.S. probe of its role in helping wealthy Americans evade taxes through undeclared Swiss bank accounts, according to the U.S. Department of Justice (DoJ). The […]

Japan to cut tax revenue forecast, issue more deficit-covering bonds

Japan is set to cut its tax revenue forecast on the current fiscal year for over 2 trillion yen ($18.41 billion) due to a decline in exports caused by the US-China trade war, a government source said. To compensate the deficit, the Japanese government will release more deficit-covering bonds of almost 2 trillion yen from […]

Asian shares dip as investors anticipate tariff deadline

Asian shares dip as investors anticipate tariff deadline Asian equity markets dipped lowed on Tuesday as investors kept from making major decisions before December 15, when the next round of U.S. tariffs on Chinese imports was due to take effect. A Chinese Commerce Ministry official said on Monday that Beijing hopes to make a trade […]

Australian shares to end weekly session positively; NZ gains

DEC 6- Australian shares were on course to finish this week on a positive foot as market investors remained cautious while waiting for fresh progress in trade pact signing between Washington and Beijing. The S&P/ASX 200 index clocked in 0.2% gains to 6,694.20 by 0015 GMT. However, it was posed to shed 2.5% for this […]

Japan reveals $120 billion fiscal package to support economic growth and post-Olympics slump

Japan revealed a $120 billion fiscal package that aims to stimulate the country’s stalling economic growth while offshore risks and sustainability after the 2020 Tokyo Olympics concern policymakers. Prime Minister Shinzo Abe announced the fiscal package worth 13 trillion yen ($119.7 billion) on Thursday. The people of Japan expects further announcement from the government regarding […]

Trump Administration considers to ban Huawei from U.S. banking system

Trump Administration considers to ban Huawei from U.S. banking system Chinese telecoms giant, Huawei came into the spotlight again amid the prolonged U.S.-China tensions as the Trump Administration reportedly considered banning the company from the U.S. financial system earlier this year. According to a Reuters report, the White House has considered putting Huawei on the […]


The European Union-backed France said on Tuesday it is ready to act against the U.S. threat of imposing tariffs on French products including champagne, cheese, and handbags amounting to $2.4 billion. U.S. President Donald Trump threatened to impose duties of up to 100% on French imports after its investigation revealed that a new digital services […]

South Korean high court ratifies $873-million fine against US chip giant Qualcomm

South Korean high court upheld $873 million fine on US chip giant Qualcomm over unfair business practices linked to patent licensing and modern chip sales. Qualcomm’s appeal against the penalty sanctioned by the Korea Fair Trade Commission (KFTC) in 2016 was rejected by the Seoul High Court, under the ruling of Judge Noh Tae-ak. The […]

Japan government plans to produce $92 billion stimulus package to incite economic growth

The Japanese government is planning to create a large-scale economic stimulus package with more than $92 billion in fiscal spending. This measure comes as uncertainties in the US-China trade deal and weakened global demand affected Japan’s still recovering economy. Prime Minister Shinzo Abe’s administration will issue more bonds of up to 4 trillion yen ($36.82 […]

Frozen 2 bags highest-grossing Thanksgiving weekend honors

Disney has just unlocked another Cinderella run courtesy of Frozen 2’s highest-grossing weekend in the entire history of Thanksgiving in the U.S. It posted $123.7 million domestically over the five day holiday weekend. “Frozen 2” edged out previous record-holder “The Hunger Games: Catching Fire,” which recorded $109 million in 2013. A sequel to the 2013 […]

National Australia Bank to set up unit in Paris ahead of Brexit

National Australia Bank to set up unit in Paris ahead of Brexit National Australia Bank (NAB) had revealed its plans on Friday to set up a unit in Paris that would offer wholesale banking and investment services to most of Europe. The move by one of Australia’s best lender followed similar decisions by other financial […]

Trump’s support for Hong Kong protesters drags Japanese shares lower

TOKYO- Japanese shares sunk down on Thursday following US President Donald Trump’s approval of the recently passed legislation supporting Hong Kong protesters. Such brought derailment in trade talks and reason for “phase one” to slide from happening. The Nikkei share is marginally lower on Tuesday with 0.02% loss to 23,433.16 while the broader Topix shed […]

Major currencies hold its ground as traders await U.S-China trade outcome

Major currencies hold its ground as traders await U.S-China trade outcome Major currencies hardly budged on Wednesday as traders waited for the final outcome of the U.S.-China trade talks. Against the Yen, the Dollar was traded for 109.05 Yen  which was off two-week high of the 109.205 it touched on Tuesday as mild optimism that […]

Asian shares soar as upbeat signals ease trade tensions

Asian shares soar as upbeat signals ease trade tensions Asian shares rose on Wednesday as upbeat signals from Sino-U.S. trade talks fanned hopes of an easing of tariff tensions. The positive mood pushed Wall Street indexes to fresh record-closing highs on Tuesday and stoked confidence in Asia as MSCI’s broadest index of Asia-Pacific shares outside […]

Metal prices hike on Sino-U.S. trade optimism

SINGAPORE-Majority of industrial metals increased in prices on Monday as China and US trade deal optimism reemerged after weeks of market anxiety.   The signing of ‘phase one’ could happen by the end of this year, a senior US official said over the weekend after Chinese President Xi Jinping and US President Donald Trump disclosed […]

U.S.-China Trade Deal Phase 2 looks improbable, officials say

Phase 2 of the U.S.-Sino trade deal is looking less probable as officials of both parties bared. This is after the “phase 1” agreement is not settled by the two countries. U.S. President Donald Trump said during his conference with Chinese vice Premier Liu He in October that he wanted to have a “phase 2” […]

Lack of Sino-U.S. trade progress dampens Asian markets

Lack of Sino-U.S. trade progress dampens Asian markets Chinese stocks underperformed leaving Asian markets mixed on Friday as a lack of concrete signs of progress on U.S.-China trade relations continued. China’s Shanghai Composite and the Shenzen Component dropped 0.6% and 1.3% respectively by 10:50 PM ET (02:50 GMT).   Trade tensions intensified after the U.S. House of […]

SoftBank checks with Japan’s top lenders for $2.8 billion loan

Softbank Group Corp is checking with Japan’s top three banks to loan 300 billion yen ($2.8 billion) to be used as fund for support of US startup WeWork, according to three sources who refused to give identity. Although no official talks have begun, Softbank has approached Mizuho Financial Group Inc, Mitsubishi UFJ Financial Group Inc, […]

Indian shares soar; bank, telecom stocks earn

NOV 19- Indian shares soared on Tuesday boosted by banking and telecom stocks. This followed after two major mobile network service providers disclosed their scheme of increasing tariffs this coming December. The NSE Nifty 50 index inched higher with 0.2% with 11,906.25 while the S&P BSE Sensex acquired 0.4% to 40,455.36. “Markets are in a […]

Tata Steel to cut 3,000 jobs across Europe as crisis bites

Tata Steel to cut 3,000 jobs across Europe as crisis bites Tata Steel Ltd. had revealed plans to cut about 3,000 jobs across its European facilities to cut costs following the latest blow to the regions industry. According to the company’s statement, around two-thirds of the reductions would be office-based staff. However, the steel-making facility […]

Oil prices drop, market anxious about slow progress in U.S.-China trade talks

U.S. oil prices dropped for two days in a row while the market is anxious on the doubted prospects of a trade deal between the U.S. and China. Trade talks between the two countries have resulted to limited progress as U.S. inventories continually rose. West Texas Intermediate (WTI) crude fell 10 cents or 0.18% from […]

Thailand’s economy expected to post muted recovery

Thailand’s economy expected to post muted recovery Thailand’s economic expansion is expected to recover modestly in the third quarter from the slowest pace in almost five years which was weighed down by a strong local currency. GDP likely rose 2.8% in three months through September from a year earlier. This was according to the median […]

US and China getting close to a trade deal, says White House economic adviser

The United States and China are getting close to a trade deal, said White House economic adviser Larry Kudlow. He added that the two parties were having very constructive talks to put an end to the 16-month trade war. Trade negotiators of both China and the US were having talks over the phone, according to […]

Hyundai extends $410 million expansion in Alabama to make Santa Cruz pickups

South Korean automaker Hyundai Motor set to create Santa Cruz pickup trucks at the U.S. factory in 2021 with a $410 million investment, as it plans to enter the competitive market led by American rivals. Hyundai announced its Alabama factory expansion as Trump is expected to delay a self-imposed deadline on imposing tariffs of about […]

Trump threatens to renew trade attack on China

Trump threatens to renew trade attack on China U.S. President Donald Trump has threatened to renew trade attack on China after he called the nation “cheaters”. “No one has manipulated or taken advantage of the United States more since China’s entrance into the World Trade Organization.” Trump said on Tuesday night at the Economic Club […]

Oil drops due to oversupply and doubts on US-China trade deal

Oil prices fell amid resurfacing doubts on trade deal between the US and China, as well as excess supplies affecting the market. The contract climbed 1.3% last week while Brent crude dropped 0.9%, or 55 cents, placing it at $61.96 per barrel. US crude was 47 cents, or 0.8%, at 56.77 per barrel, as it […]

World billionaires experience wealth decline for the first time in ten years

World billionaires’ wealth fell for the first time in a decade due to geopolitical unrest and fluctuating equity markets. According to the Union Bank of Switzerland (UBS), the world’s richest people experienced a decline in their wealth last year. Overall, billionaires’ wealth reduced between $388 billion and $8.539 trillion all over the world, with an […]

Oil prices slip as crude stockpiles soar past market expectations

Oil prices slip as crude stockpiles soar past market expectations Oil prices slipped on Thursday following the Energy Information Administration’s (EIA) report that showed U.S. crude inventories rising higher than market expectations last week. EIA reported that oil stockpiles rose by 7.9 million barrels in contrast to analysts’ expectations of an increase of around 1.5 […]

Venue for Sino-U.S. trade pact signing becomes growing concern

Venue for Sino-U.S. trade pact signing becomes growing concern China and US have been making laudable progress enough for ‘phase one’ to get signed this month. However, the signing venue is still unclear as it ranges from Alaska to Greece.  U.S. President Donald Trump disclosed his willingness to sign ‘phase one’ of the trade pact […]

Oil gains due to U.S.-China trade deal optimism

Oil prices increased last Tuesday in light of positive economic records and as Sino-U.S. trade deal progress minimizes tension and anxiety across global market. Brent crude LCOc1 was quoted up to 17 cents. This is equivalent to 0.3% at 62.30 per barrel at 0909 GMT. In line, U.S. crude CLc1 jumped up to 10 cents […]

Nigel Farage accused of wanting to author “hung” parliament

Nigel Farage is accused by Steve Baker, the chairman of the European Research Group, of paving a way for a “weak and indecisive” hung Parliament. Farage is seen by a number of his critics as the “man who threw away Brexit”. A number of his allies have also expressed concerns that Farage may have gone […]

Prime Minister Boris Johnson, dismayed over delayed Brexit

October 31st was supposed to see Britain’s exit from the E.U. But as politics would have it, it didn’t push through. In an interview, Brexit Party leader Nigel Farage said he is, “…deeply, deeply disappointed…it’s a matter of deep regret,”. Regarding if he were dismayed and sorry about missing the deadline, PM Boris Johnson was […]

U.S. Fed cuts interest rates despite global economic slowdown

U.S. Fed cuts interest rates despite global economic slowdown The Federal Reserve had cut interest rates on Wednesday for the third time in the year global economic slowdown. However, the Federal Reserve signaled that there would be no further reductions unless the economy takes a turn for the worse. “We believe the monetary policy is […]

Bombardier in talks to sell three plants to Spirit AeroSystems for $1 billion

Bombardier in talks to sell three plants to Spirit AeroSystems for $1 billion Canada’s multinational manufacturer Bombardier Inc is in advanced talks to sell three of its facilities to Spirit AeroSystems for more than $1 billion in cash and assumed liabilities according to two sources familiar with the matter on Thursday. The two companies are […]

China to proceed with trade negotiations with the U.S. as planned

China to proceed with trade negotiations with the U.S. as planned China’s commerce ministry said on Thursday that Beijing and Washington will proceed with the bilateral trade negotiations according to plan and that the talks have been progressing well. The ministry said in a statement that the two countries remained in clos communication and that […]

German unemployment rises more than October’s expectation

German unemployment rises more than October’s expectation Germany’s unemployment rose more than expected in October suggesting that a manufacturing crisis in Europe’s largest economy is spilling over to the labor market. Data from the Federal Labour Office showed the number of people without work increased by 6,000 to a total of 2.287 million in seasonally […]

Volkswagen to ramp up Chinese electric car production

Volkswagen to ramp up Chinese electric car production Volkswagen is ramping up production of electric cars to around 1 million vehicles by the end of 2022. These statistics would enable the German carmaker to leapfrog Tesla Inc and making China the key battleground. Volkswagen is preparing two Chinese-based factories to build electric cars next year. […]

AIA’s share price climb following release Q3 business results

AIA’s share price climb following release Q3 business results Share prices of the Hong Kong-based insurer AIA Group Ltd climbed up 4% in Aisa after it had posted business results in the three months to September 30. In a statement released on Monday, AIA said that its business had been affected by a “challenging operating […]

China to request U.S. to remove tariffs in exchange for farm purchases

China to request U.S. to remove tariffs in exchange for farm purchases Top U.S. and Chinese trade officials will discuss plans on Friday for China to buy more U.S. farm products. However, Beijing will request cancellation of some planned and existing U.S. tariffs on Chinese imports according to people who briefed on the talks. U.S. […]

Offshore wind farms to invest $1.2 trillion to hit climate goals

Offshore wind farms to invest $1.2 trillion to hit climate goals An influx of new offshore wind farms around the world is set to invest an estimate of $840 billion over the next two decades, the International Energy Agency (IEA) said. The Paris-based institution’s outlook for an additional 20 gigawatts of new offshore capacity a […]

South Korea’s economy sluggish as trade war weigh on investments

South Korea’s economy sluggish as trade war weigh on investments South Korea’s economy grew at a slower pace in the third quarter, making it the smallest expansion since the global financial crisis as trade uncertainties weigh on investment. Gross domestic product increased 0.4% from the previous quarter, the Bank of Korea said in a statement, […]

Oil prices drop after recovering from surprise dip in U.S. inventories

Oil prices drop after recovering from surprise dip in U.S. inventories Oil prices dropped on Thursday in Asia which overlooked gains following a surprise dip in U.S. inventories. Oil prices rallied more than 1% overnight after the U.S. Energy Information Administration reported an unexpected 1.7-million-barrel crude inventory drop for the week compared to analysts’ expectations […]

Caterpillar profit falls as demand weakens

Caterpillar profit falls as demand weakens Caterpillar Inc (CAT) fell short of Wall Street estimates for quarterly profit on Wednesday as it was hit by weak demand for its construction and mining equipment businesses. The company, cutting its 2019 profit forecast, also sent its shares down 5%. The Illinois-based company has been suffering from the […]

Nigeria’s oil industry risks disruption

Nigeria’s oil industry risks disruption Nigeria risks disruption in oil and gas supplies as well as power generation due to declining exploration activity and depleting oil reserves, the Nigerian Association of Petroleum Explorationists (NAPE) has warned. Inefficient contract and procurement awarding process, oil theft, and illegal refining are the key obstacles to Nigeria’s oil and […]

UK government puts pressure on US over whisky tariffs; trade minister says

UK government puts pressure on US over whisky tariffs; trade minister says Britain is putting pressure on the United States to rethink a decision to impose tariffs on Scottish whisky, trade minister Liz Truss said on Thursday. The United States had plans to impose 25% tariffs on a range of European products which after it […]

Italy to introduce tax on digital companies in 2020

Italy to introduce tax on digital companies in 2020 Italy has approved a new tax on digital companies as part of its 2020 draft budget along with plans to introduce the new measures next year. The levy will oblige web-based companies to pay a 3% tax on internet transactions, according to the text of the […]

China’s copper imports soars to eight-month high

China’s copper imports soars to eight-month high China’s copper imports rose 10.15% in September, making it their highest in eight months as high prices drew shipments to Shanghai, the world’s top consumer of the metal. According to the General Administration of Customs, the arrival of unwrought copper, refined, and semi-finished copper products stood at 445,000 […]

U.S. blacklisting lowers China’s expectations for trade talks

U.S. blacklisting lowers China’s expectations for trade talks Following the U.S. blacklisting of several Chinese companies, China has lowered its expectations for significant progress from the week’s trade talks with the United States. This was expressed by Chinese government officials despite U.S. President Donald Trump showing fresh optimism about the talks. While Beijing has shown […]

India seeks safeguards in China-led trade pact

India seeks safeguards in China-led trade pact India wants safeguards to be built into a China-led trade pact to prevent a sudden surge in imports, the Indian trade ministry said on Wednesday. Negotiators for the 16-nation Regional Comprehensive Economic Partnership (RCEP) are in Bangkok this week for talks aimed at finalizing the giant free trade […]

Exxon’s third-quarter earnings hurt by weak oil prices

Exxon’s third-quarter earnings hurt by weak oil prices Exxon Mobil Corp’s operating profits fell last quarter for the fourth consecutive period. According to a regulatory filing on Tuesday, it showed all three businesses slumping from a year ago. According to a securities filing, lower oil prices, weak results in its chemical business, and the lack […]

Thomas Cook owes $381 million to Turkey’s Tourism Sector

Thomas Cook owes $381 million to Turkey’s Tourism Sector Turkey’s Tourism Advisory Council said that it estimates that the travel agency, Thomas Cook owes the local sector around €350 million ($381.8 million). They added that it were to be impossible for the amount to be repaid in the short-term and medium-term. Thomas Cook collapsed last […]

Best Buy targets $50 Billion in Revenue by 2025

Best Buy targets $50 Billion in Revenue by 2025 Best Buy Co. Inc. announced on Wednesday that it aims to rake in revenue of $50 billion and cut about $1 billion in costs by 2025 by ramping up its healthcare technology business. The biggest U.S. consumer electronics retailer has zeroed in on healthcare technology as […]

Wrightbus goes into administration, risking 1,400 jobs

Wrightbus goes into administration, risking 1,400 jobs Wrightbus, maker of the revived Routemaster bus and one of Northern Ireland’s biggest employers has collapsed into administration, putting 1,400 jobs at risk. The failure of Wrightbus represents the UK’s second significant insolvency of the week, following the demise of the holiday group, Thomas Cook. The Ballymena-based engineering […]

Metro Bank shares fall after investors turn away £200m bond sale

Metro Bank shares fall after investors turn away £200m bond sale Metro Bank shares plunged more than 35%, a record low on Tuesday after wary investors refused to purchase bonds, another blow to the bank since it revealed an accounting error in January. The bond sale was launched on Monday morning, tempting buyers with an […]

UK inflation drops to its lowest for nearly three years

UK inflation fell to its lowest level in almost three years after the end of summer sales held clothing prices down. Annual rate had dipped to 1.7% in August according to the Office for National Statistics, taking inflation down to the lowest level since December 2016. Marking the drop as the biggest fall in the […]

KPMG forecasts no-deal Brexit recession in 2020

KPMG forecasts no-deal Brexit recession in 2020 Britain could plunge into its first recession in a decade should the government quit the EU without a deal, according to the latest in a string of gloomy forecasts made by the Bank of England and the Treasury’s independent forecasting unit, the Office for Budget Responsibility. Economists at […]

UAE warns Saudi Aramco attacks can dangerously escalate

UAE warns Saudi Aramco attacks can dangerously escalate The attacks carried out on Saudi Arabian oil plants are a dangerous escalation and the international community should stand by Riyadh to ensure regional stability, a senior United Arab Emirates official said on Tuesday. Saudi Arabia said that initial findings indicated that the weekend attacks which had […]

LSE rejects Hong kong’s multi-billion takeover Bid

LSE rejects Hong Kong’s Multi-Billion Dollar Takeover Bid The London Stock Exchange (LSE) had rejected Hong Kong’s $37 billion takeover bid, expressing the amount to be low, politically risky, and lacking strategic merit. In a strongly worded statement, LSE’s board said that it “unanimously” rejected the week’s conditional proposal from Hong Kong Exchanges and Clearing […]

Oil Prices Soar after Saudi Facility Attacks

Oil Prices Soar after Saudi Facility Attacks Oil prices surged to four-month highs on Monday after attacks on crude facilities in Saudi Arabia as supply fears sparked. The strikes on the facilities, which occurred in the weekends, halted 5% of the world’s oil production. Crude Futures on both sides of the Atlantic hit their highest […]

Supermarket figures concerned as no-deal Brexit will inevitably hit supplies

A No-deal Brexit would “inevitably disrupt” fresh food supplies in Britain as delays at ports would throw time-deliveries into chaos, a chief executive of the supermarket group Sainsbury expressed. Mike Coupe said the October 31st Brexit date could not have come at a worse time for supermarkets as warehouses were already full with produce for Christmas. […]

Asian markets rise amid hopes of calming trade war

Asian stocks rallied up on continued hopes that a cooling in the US-China trade war could be nearing. Investors stayed positive of the highly-anticipated trade talks between the United States and China in the coming weeks. The two countries have been thought to show interest in easing tensions between them. Advisers of US President Donald […]

British American Tobacco plans jobs cuts in shift towards vaping

British American Tobacco (BAT) announced plans to cut 2,300 jobs by 2020 in readiness for a shift towards non-tobacco products a day after US President Donald Trump said that he was considering a ban on flavored e-cigarettes. The vast majority of BAT’s £24.5bn revenue in 2018 came from traditional cigarettes, but the company said it […]

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