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US President Donald Trump wrote on Twitter about his intention to raise duties on Chinese exports of $200 billion in total from 10% to 25%. This statement influenced the dynamics of oil prices on Monday. By 15:16 Moscow time, their cost dropped to a minimum of five weeks. Brent crude fell 33 cents to 70 dollars 52 cents a barrel. The price of WTI crude oil fell 50 cents to 61 dollars 44 cents a barrel. Analysts worry that a new round of trade war between the United States and China will reduce oil consumption in the world. According to Baker Hughes, the number of operating oil rigs in the USA increased by 2 units last week and amounted to 807 units. According to the company, the increase in the rate is noted for the first time in 3 weeks.
On Monday, world shares edged towards a five-month high and the U.S. dollar decreased in late trading as investors anticipated that the earnings season would see most companies beat revenue forecasts in light of the lifted coronavirus restrictions. The ...
June had seen Japan’s wholesale prices dropping slower than May’s historic decline. This followed as commodity costs advanced and some of the virus-driven deflationary pressure eased on a rebound monitored in Chinese demand. The ...
China saw its factory gate data for June perform better than expected on Thursday morning. However, persistent deflation indicated that the impact from the COVID-19 pandemic still continues to linger. The data, released by the National Bureau ...
Asian shares hit four-month highs on Monday as investors relied on liquidity and market stimulus to support global economic recovery despite the surge of new cases in the United States. MSCI’s broadest index of Asia-Pacific shares outside ...
Hongkong’s flag carrier Cathay Pacific Airways Ltd. (0293.HK) stated on Wednesday that it would repay the Hong Kong government the almost $2.52 billion worth of preference shares over a three to five-year period. On Tuesday, the Hong ...
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