The ongoing US-China trade conflict took an ugly turn in May after the United States imposed sanctions on the world’s biggest supplier of telecom equipment and smartphones, China’s Huawei Technologies, cutting the company off from all of its trading partners in the US and barring US companies from supplying components without government approval.
Despite expressing downright disdain for bitcoin on several occasions in the past, it would appear that Jamie Dimon has had a major change of heart for digital currencies. The JPMorgan Chase chief executive was a renowned critic of cryptocurrencies once upon a time, but on February 14
The Reserve Bank of Australia (RBA), in its monetary-policy statement published on May 10, indicated that the Australian economy is witnessing subdued growth in household income and that the adjustment in the housing market is taking a toll on consumer spending.
Germany’s seasonally adjusted retail-sales figure surged 3.3 percent month-on-month in January to its highest level since October 2016, rebounding sharply from a downwardly revised -3.1 percent in December, according to the Federal Statistical Office of Germany.
The Reserve Bank of Australia (RBA) left benchmark interest rates, or the cash rate, unchanged at 1.5 percent following its monetary-policy meeting on February 5.
The Indian Government pushed for a populist interim budget by raising the income-tax ceiling for salaried employees and doling out cash to farmers, in addition to providing monthly pensions to workers in the unorganized sector
The unemployment rate in the United States climbed to 4.0 percent in January, the highest since June 2018 and marginally higher than the 3.9 percent recorded in December of last year.
Spot gold rallied to more than a 10-month high in January after oscillating in a broad $1,180-1,235 range for a major portion of the second half of 2018.
There have been 22 federal government shutdowns in the United States since 1979, with three last year alone, including the most recent 35-day partial shutdown, which came into effect on December 22, 2018. Considered the longest in US history
China’s factory orders fell for the second month in a row, with the Caixin/Markit Purchasing Managers Index (PMI) indicating further contraction in the country’s manufacturing activity in January.