China's State Banks Eye Strategic Dollar-Yuan Swaps
China's biggest state-owned banks were observed on Tuesday exchanging dollars for yuan in the onshore swap market and then selling those dollars in the spot market to strengthen the yuan.
Dec 05, 2023 08:07 AM EST
US Inflation Expected to Ease Further, Recession Fears Diminish
According to a study issued on Monday, the majority of business economists believe that even if the employment market eventually weakens due to rising interest rates, the U.S. economy might escape a recession in 2024.
Gold Surges Past $2,100, Signaling a New Era of High Prices
For the second day in a row, gold prices broke beyond $2,100 on Monday, as the world's appetite for metal looks certain to persist.
Oil Markets Brace for Impact as OPEC+ Announces Production Cuts
The OPEC oil cartel, led by Saudi Arabia and allied producers like Russia, took another huge go at supporting lagging crude prices on Thursday, extending some supply restrictions into next year and pulling in up-and-coming oil provider Brazil.
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Japanese steel output to remain flat in 2016, exports to soften
The steel inventories rose despite production cuts. The weakening demand is causing oversupply situation. The steel production levels may remain steady next year also. The iron and steel companies are suffering from decline in demand and rising inventories.
Dec 29, 2015 11:30 PM EST
All Samsung HDTV Will Be Internet of Things Ready in 2016
Samsung announced that all of its HDTV products will be Internet of Things (IoT) ready as the company equipped the entire product with SmartThings hub.
Dec 29, 2015 07:04 PM EST
Oil recovery in 2016 will strengthen Loonie
Analysts predict that oil prices may recover in 2016. This will also strengthen Canadian dollar Loonie. The commodity currency Loonie fell 20 percent against the US dollar throughout 2015.
Dec 29, 2015 09:14 AM EST
Elbit lands $70 million deal for airborne electronic warfare system
Israeli defense firm Elbit System was awarded a $70 million deal by the Directorate of Production and Procurement of the Israeli Ministry of Defense to supply airborne electronic warfare systems. Elbit will install its electronic warfare systems on Israeli Air Force jets over the next five years.
Dec 29, 2015 08:58 AM EST
Evergrande buys a series of new projects from New World China
Evergrande Real Estate Group Ltd. will buy $3.2 billion worth of projects from the Hong Kong billionaire Cheng Yu-Tung’s family-controlled companies.
Dec 29, 2015 09:12 AM EST
Volkswagen's Audi slows down spending plan 2016
German auto major Volkswagen has trimmed its investment plan for 2016. It has also decided to postpone the new wind tunnel project by one year. Audi division has decided to invest in plant and equipment.
Dec 29, 2015 08:36 AM EST
Samsung Plans Initial Production of 5 Million Galaxy S7 in February
Samsung Electronics plans to start initial production of 5 million Samsung Galaxy S7 in two different version starting February.
Dec 29, 2015 07:08 PM EST
Women's apparel, furniture sales lead 7.9% rise in US holiday retail sales: MasterCard
The 2015 US holiday season witnessed an encouraging growth of 7.9 percent, says MasterCard. Women's apparel and furniture sales helped the overall sales volume to swell. The growth rate in 2014 holiday season was 5.5 percent.
Dec 29, 2015 09:11 AM EST
Oil price slid below $37; fell over 11% this month
Oil price again fell below $37 per barrel and is trading 11 percent lower in December. The slump in Chinese demand and oversupply situation in the global oil market are keeping pressure on oil prices. The shale production in the US is easing off in the wake of continuous drop in oil price.
Dec 29, 2015 07:34 AM EST
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