News

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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.

Mon, 28 Dec 2020 13:43:05 GMT

UK reports on Brexit readiness

On Monday, the UK Cabinet Office Minister Michael Gove stated that most businesses had prepared for the end of the Brexit transition.

Mon, 28 Dec 2020 13:21:27 GMT

Oil prices surge

As the US Dollar declined in value on Monday, crude oil prices reached higher and touched the $52 level.

Mon, 28 Dec 2020 11:46:08 GMT

European shares surge

On Monday, European stock prices surged, as a Brexit trade deal and US fiscal stimulus boosted all asset prices.

Mon, 28 Dec 2020 11:24:11 GMT

Trump signs aid package

On Sunday, the US President Donald Trump signed a $2.3 trillion pandemic aid package, which should boost stock prices at the opening of the US markets.

Mon, 28 Dec 2020 10:18:07 GMT

Alibaba raises share repurchase scheme

On Sunday, Alibaba Group announced that its board had approved an increment in Alibaba's share repurchase programme to $10B.

Mon, 28 Dec 2020 09:02:42 GMT

Japan factory output growth stalls in November

Official data published on Monday showed that the Japanese factory output growth was flat in November after increasing for five months.

Mon, 28 Dec 2020 08:03:02 GMT

Japan's policymakers divided on stimulus tweaks

According to the summary of the Dec. 17 to 18 meeting released on Monday, the Bank of Japan board members were divided on the stimulus programme.

Mon, 28 Dec 2020 07:02:12 GMT

Global shares edge higher

On Monday, global equity markets edged higher following news that the US President Donald Trump has signed the $2.3 trillion COVID-19 relief bill and spending package into law.

Mon, 28 Dec 2020 06:00:26 GMT

US Dollar remains stable

The dollar index remained stable on Monday after the US President Donald Trump signed into law the $2.3 trillion pandemic aid and spending package.

Mon, 28 Dec 2020 05:11:15 GMT

Trump signs spending, COVID-19 relief bill

On Sunday, the US President Donald Trump signed the $2.3 trillion COVID-19 relief bill and spending package into law.

Mon, 28 Dec 2020 04:08:09 GMT

BMW plans to step up production of electric cars

BMW wanted roughly 20% of vehicles sold to be powered by an electric engine by 2023, the company's Chief Executive Officer Oliver Zipse told the German newspaper.

Mon, 28 Dec 2020 02:27:09 GMT

Putin to receive COVID-19 vaccine

On Sunday, Kremlin spokesperson Dmitry Peskov said that the Russian President Vladimir Putin would receive the Sputnik V COVID-19 vaccine.

Sun, 27 Dec 2020 20:43:36 GMT

Vietnam's economic growth at 30-year low

Vietnam's economic growth weakened this year to the 30-year low of 2.91%, after having posted the GDP rise above 7% for two years in succession, the GSO stated.

Sun, 27 Dec 2020 19:45:39 GMT

Dubai approves $15.5B budget for next year

Dubai, the and financial business hub of the UAE, approved a $15.55B budget for the next year, when its economy is expected to recover, its ruler stated.

Sun, 27 Dec 2020 19:14:31 GMT

BMW to make 20% of cars electric by 2023

BMW is set to step up its production of electric cars and wanted 20% of cars sold to be electric by 2023, CEO Oliver Zipse told Augsburger Allgemeine.

Sun, 27 Dec 2020 18:02:01 GMT

Europe launches COVID-19 vaccination campaign

On Sunday, the European Union officially launched a massive coronavirus vaccination campaign with medics and pensioners lining up to get the first vaccines.

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