News

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Tue, 29 Dec 2020 19:05:41 GMT

Vietnam industrial production expands

Industrial production in Vietnam expanded 3.36% in 2020, compared to the same period the previous year, data published by the General Statistics Office show.

Tue, 29 Dec 2020 18:23:54 GMT

Beijing industrial profits rise

Profits of industrial companies in Beijing increased 3% to $24B in the first 11 months of the current year, the Beijing Municipal Bureau of Economy reports.

Tue, 29 Dec 2020 16:57:14 GMT

Brazil expects 4.4% growth in 2020

The economy of Brazil is expected to expand 4.4% in 2020, while inflation forecast is 4.39%, data published by the Central Bank show.

Tue, 29 Dec 2020 16:28:30 GMT

ADB approves $200M loan to Bangladesh

The Asian Development Bank and the government of Bangladesh signed a $200M loan agreement to improve access to electricity in rural areas of the country.

Tue, 29 Dec 2020 14:45:21 GMT

US Dollar declines on Tuesday

During Tuesday's trading, the value of the US Dollar reached for historical low levels, as new stimulus was expected to dilute the value of the currency.

Tue, 29 Dec 2020 13:41:02 GMT

Funds underperform in 2020

Reuters released a report on Tuesday, which revealed that the average hedge fund had made 7.3% in 2020, compared to a 14% surge in the S&P 500.

Tue, 29 Dec 2020 12:51:12 GMT

European stocks extend gains

During Tuesday's European trading hours, stock indices surged, as US stimulus and Brexit trade deal boosted the markets.

Tue, 29 Dec 2020 11:45:21 GMT

Crude oil prices surge

On Tuesday, crude oil price indices continued to gain, as the US Dollar's value was expected to decline due to US stimulus.

Tue, 29 Dec 2020 11:16:14 GMT

Stock prices surge on Tuesday

During Tuesday's European trading hours, stock indices surged, as additional US stimulus was revealed in the form of $2,000 checks.

Tue, 29 Dec 2020 10:06:07 GMT

Coinbase halts trading in Ripple

Coinbase Inc announced on Monday that it would halt trading in Ripple cryptocurrency after the US SEC charged two XRP executives for personal gains they received from the offering.

Tue, 29 Dec 2020 09:00:56 GMT

Crude oil prices edge higher

On Tuesday, crude oil prices edged higher on hopes that a long-awaited US pandemic relief package could drive fuel demand.

Tue, 29 Dec 2020 08:00:08 GMT

Asian shares jump

On Tuesday, Asian shares edged up. MSCI's broadest index rose by 0.46%, Australian stocks edged higher by 0.55%, Japan's Nikkei leapt by 1.63% and shares in China surged by 0.1%.

Tue, 29 Dec 2020 06:59:53 GMT

Samsung extends LCD production in S.Korea

On Tuesday, Samsung Electronics announced that it would extend LCD production in South Korea for an unspecified period.

Tue, 29 Dec 2020 05:42:31 GMT

Alibaba buyback fails to boost stock

On Monday, the share price of Alibaba continued to decline, as the firm's $10 billion buyback failed to ease the pressure of a government investigation.

Tue, 29 Dec 2020 05:12:17 GMT

Congress votes on Trump's demand

It was revealed on Monday that the US Congress was set to vote on $2,000 stimulus checks, which were demanded by the US President Donald Trump.

Tue, 29 Dec 2020 03:50:01 GMT

Oil trades flat

During Monday's US trading hours, crude oil prices remained flat, as the boost from US stimulus was outweighed by expected weak demand.

Mon, 28 Dec 2020 22:32:28 GMT

Wall Street reaches record high

On Monday, US stock indices reached record high levels, as the US President Donald Trump signed a fiscal stimulus law.

Mon, 28 Dec 2020 21:05:52 GMT

Singapore manufacturing output surges

The manufacturing sector of Singapore expanded 17.9% in November, compared to the same period the prior year, the Singapore Economic Development Board reports.

Mon, 28 Dec 2020 20:01:38 GMT

China auto imports, exports grow further in November

Auto imports to China increased 2.4% to $8.53B in November, while exports rose 11% to $7.77B, a statement published by the China Association of Automobile Manufacturers shows.

Mon, 28 Dec 2020 19:11:09 GMT

China industrial profits rise

Profits of major industrial companies in China increased 15.5% to $111.63B, compared to the prior year, data published by the National Bureau of Statistics show.

Mon, 28 Dec 2020 18:15:31 GMT

Vietnam economy expands

The economy of Vietnam expanded 2.91% in 2020, the lowest growth in the past 10 years, a statement published by the General Statistics Office shows.

Mon, 28 Dec 2020 17:29:00 GMT

Vietnam reports strong trade surplus

Vietnam reported exports of $281.5B, imports of $262.4B and a trade surplus of $19.1B, the highest level in five years, data published by the General Statistics Office show.

Mon, 28 Dec 2020 16:29:29 GMT

Shanghai foreign trade rises 2.2%

Shanghai's foreign trade increased 2.25% to $481.6B in the first 11 months of the current year, data published by the Shanghai Customs show.

Mon, 28 Dec 2020 14:40:58 GMT

Alibaba shares continue to decline

On Monday, the stock price for Alibaba continues its decline, which was previously caused by the announcement of an antitrust investigation of the company.

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