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Russia said, Saturday, August 15, that it had produced the first batch of the Coronavirus vaccine after Russian President Vladimir Putin announced that his country was the first in the world to approve a vaccine. Putin’s announcement on the vaccine on Tuesday was met with warnings from scientists and the …

The European Union has agreed to purchase 300 million doses of the Coronavirus vaccine for the pharmaceutical company “AstraZeneca” as soon as it becomes available, according to the Commission. The European Commission, which is negotiating on behalf of all 27 EU member states, said the deal includes an option to …

American and Chinese importers and dealers told Reuters that crude oil shipments from the United States to China will rise dramatically in the coming weeks, as the two largest economies in the world prepare to review an agreement signed in January after a long trade war. They said that Chinese …

FX option expiries for Aug 17 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1900 937m  – GBP/USD: GBP amounts         1.3090 623m – USD/JPY: USD amounts          105.50 534m105.65 624m   106.02 438m – NZD/USD: NZD amounts 0.6575 301m 

Optimism regarding the development of a vaccine of Covid-19 continued to dominate the markets. Also, Democratic and Republican parties failed to reach an agreement on the second stimulus and financing package of Coronavirus. The US currency suffered heavy losses during last week’s, to record a decline for the eighth consecutive …

The New York Stock Exchange (NYSE) showed a mostly negative performance on Friday, as weak economic data in the United States weighed on the stock market, amid concerns over a second wave of the COVID-19 pandemic. The Dow Jones Industrial Average added 0.1%, while S&P 500 lost less than 0.1%, …

President of the Federal Reserve Bank of Dallas, Robert Kaplan, has expressed tolerance with the idea of the inflation rate going above the 2% target. “I would be willing to see inflation run moderately above 2% in the aftermath of periods where we’ve been running persistently below.”“I’m not making a …

Oil prices settled lower on Friday, narrowing its weekly gains, amid concerns over the recovery of the demand and a second wave of the coronavirus (COVID-19) pandemic. Brent crude futures for October delivery finished lower by 0.4% at $44.80 per barrel, but gained 0.9% for the week. Meanwhile, the West …

The review of trade deal between the United States and China, which was scheduled to take place on Saturday, has been delayed, Reuters first reported. However, the new date for the review has not been announced yet. U.S. Trade Representative Robert Lighthizer recently expressed satisfaction regarding the trade agreement between …

Gold prices declined on Friday, marking the end of the worst-performing week for the precious metal since March. An increase in the U.S. Treasury Yields has dominated some of the market’s demand for safe havens, leaving its toll on the yellow metal. After trading as high as 2,072 last week, …