The International Energy Agency reduced its forecast for oil demand this year, indicating caution about the pace of the economic recovery from the Corona pandemic. The Paris-based agency lowered its forecast for 2020 by 200,000 bpd to 91.7 million bpd, the second cut of its oil demand forecast in several …

The Chinese yuan jumped to its highest level in 16 months against the dollar on Tuesday, September 15th after Chinese data indicated an economic recovery after isolation measures due to the Corona pandemic, while the US dollar fell as risk appetite improved. Chinese industrial production accelerated and retail sales grew …

Oil prices fell on Tuesday, September 15th, as a result of concerns about a slow recovery of global demand for fuel that has been hit by the Coronavirus pandemic, in light of a warning about pessimistic expectations from major oil producers. Brent crude fell four cents, equivalent to 0.1%, to …

Japanese shares closed lower on Tuesday, September 15th as the strong yen pressured export companies and investors profit-taking following a three-day rally ahead of the country’s ruling party elections that chose Yoshihide Suga, an ally of outgoing Prime Minister Shinzo Abe, as the new leader. The Nikkei index closed down …

Gold reached its highest level in nearly two weeks Tuesday on September 15th in light of the dollar’s weakness and as investor interest turned to the US Federal Reserve meeting in search of details regarding its plans to keep interest rates low while aiming to raise the rate of inflation. …

Official data showed that the unemployment rate in Britain rose for the first time since the imposition of general isolation measures to combat the Coronavirus in March. The Office for National Statistics said the unemployment rate increased to 4.1% in the three months ending in July from 3.9% between April …

China’s Finance Ministry said it will extend existing customs exemptions for 16 US products including lubricants, whey and fish meals for an additional year. The ministry said that the products received exemptions from retaliatory customs duties imposed by China on US goods as countermeasures to the US Article 301 measures …

Retail sales in China rose in August for the first time since 2020, as Chinese consumers ramped up their spending in a sign of further economic recovery from the shock of the coronavirus pandemic. Retail sales rose 0.5% in August from the same period last year, in the first positive …

The Nikkei benchmark index fell in early trading on the Tokyo Stock Exchange on Wednesday. The Nikkei fell, a benchmark Nikkei index fell in early trading on the Tokyo Stock Exchange on Wednesday. The Nikkei fell 0.13% to 23,425.23 points, while the broader TIOUX index fell 0.11% to 1639.02 points …

The People’s Bank of China (PBOC) has set the yuan reference rate at 6.8222 versus Monday’s fix at 6.8361.