Economy

US Dollar Sinks to 2-Year Low; Goldman Sachs Warns on Reserve Currency Status

The dollar index against six major currencies went from trading around at $100 to $93.713 in just two months.

Jul 29, 2020

By R. Ghosh

Coronavirus

Gold Price Crosses Record $2,000 on Fears of Inflation and Near-Term Market Crash

Gold extended its record-breaking rally on Tuesday with the precious metal crossing $2,000 for the first time ever.

Jul 28, 2020

By R. Ghosh

Coronavirus

Huawei Cuts India Revenue Forecast by 50%, Hints at Massive Lay Off Amid Growing Anti-China Sentiments

Huawei is now expecting revenues between $350 and $500 million in India for the fiscal year 2020 and plans to lay off 60-70% of its workforce in the country

Jul 27, 2020

By R. Ghosh

Huawei 5g

OUTLOOK: Gold Price Zooms Past $1,900; Poised to Break All-Time Record Soon

The yellow metal has gained around 20 percent this year, making it one of the best performing major asset classes of 2020.

Jul 25, 2020

By R. Ghosh

Soaring Public Deficit Can Cause Collapse of US Dollar, Warns Former IMF Official

The global role of the dollar now seems more complicated given the geopolitical tensions between the US and China.

Jul 24, 2020

By R. Ghosh

Australia Announces Record-high Budget Deficit Amid COVID-19 Led Economic Downturn

Treasurer Josh Frydenberg presents Australia's record-high budget deficit amid COVID-19 economic downturn

Jul 23, 2020

By IBTimes APAC Desk

'Even Most Favorable Vaccine Outcome Would Come Too Late to Save US Economy'

America is likely to be hit by a double-dip recession if the COVID-19 spread is not taken under control, experts say.

Jul 21, 2020

By IANS

Coronavirus

US GDP Will Contract By Annualized 37% in Second Quarter, Says IMF

General government debt is expected to rise to 160 percent of GDP by 2030 even without further rounds of fiscal stimulus.

Jul 18, 2020

By IANS

Decade's Biggest Listing: China Chipmaker SMIC's Shares Soar 246% on Debut

SMIC's listing comes amid growing competition between the United States and China to attain tech supremacy.

Jul 16, 2020

By R. Ghosh

President Trump Signs Act Ending Hong Kong's Preferential Status; China Vows Retaliation

The signing of the bipartisan legislation comes weeks after China imposed a new security law to bring an end to Hong Kong's special status.

Jul 15, 2020

By R. Ghosh

US in Depression Due to COVID-19, No Recovery Until 2023: UCLA Study

Despite drastic response by the Administration and the Fed, getting back to pre-pandemic levels of employment will take years together.

Jul 15, 2020

By Vinay B.S.

Coronavirus Depression

Singapore Slips into Recession as Economy Contracts Whopping 41%

This marks the biggest contraction on record and worse than the analysts' prediction.

Jul 14, 2020

By R. Ghosh

Wall Street Headed Lower After Five-Day Run on Fears Over Virus Surge

Wall Street's main indexes looked set to open lower on Tuesday as investors weighed the risks to the economy from tens of thousands of new coronavirus cases nationwide

Jul 7, 2020

By Reuters

AstroFX Trains and Educates Aspiring Businessman in Forex

Offers some of the best online courses on forex trade along with giving you the best of the opportunities to explore and invest in the trade

Jul 2, 2020

By IBTimes SG Desk

End of Coronavirus Lockdown Fails to Boost Jobs Market in Spain

Overall there were 847,197 more jobless people in the month of June than in the same month a year ago, a net 99,906 jobs were lost in June

Jul 2, 2020

By IBTimes APAC Desk

Coronavirus

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BLOGS AND FEATURES

US Senate's proposed stopgap funding measure unlikely to advance in House: Speaker

By IBTimes SG Desk

Previous 1 of Next

Economy

US Dollar Sinks to 2-Year Low; Goldman Sachs Warns on Reserve Currency Status

Gold Price Crosses Record $2,000 on Fears of Inflation and Near-Term Market Crash

Huawei Cuts India Revenue Forecast by 50%, Hints at Massive Lay Off Amid Growing Anti-China Sentiments

OUTLOOK: Gold Price Zooms Past $1,900; Poised to Break All-Time Record Soon

Soaring Public Deficit Can Cause Collapse of US Dollar, Warns Former IMF Official

Australia Announces Record-high Budget Deficit Amid COVID-19 Led Economic Downturn

'Even Most Favorable Vaccine Outcome Would Come Too Late to Save US Economy'

US GDP Will Contract By Annualized 37% in Second Quarter, Says IMF

Decade's Biggest Listing: China Chipmaker SMIC's Shares Soar 246% on Debut

President Trump Signs Act Ending Hong Kong's Preferential Status; China Vows Retaliation

US in Depression Due to COVID-19, No Recovery Until 2023: UCLA Study

Singapore Slips into Recession as Economy Contracts Whopping 41%

Wall Street Headed Lower After Five-Day Run on Fears Over Virus Surge

AstroFX Trains and Educates Aspiring Businessman in Forex

End of Coronavirus Lockdown Fails to Boost Jobs Market in Spain

US Senate's proposed stopgap funding measure unlikely to advance in House: Speaker

US Senate's proposed stopgap funding measure unlikely to advance in House: Speaker

ECB Estimates Eurozone Inflation to be Above 3% next Year; Another Rate Hike on the Cards

ECB Estimates Eurozone Inflation to be Above 3% next Year; Another Rate Hike on the Cards

Economists Cut Ailing Chinese Economy's Growth Rate This year to 5% From 5.5%

Economists Cut Ailing Chinese Economy's Growth Rate This year to 5% From 5.5%