The People’s Republic of China decided to impose trade sanctions against Taiwan – as it had done against Australia – and targeted the island’s industrial sector, which enjoys political independence despite being a part of China. The General Administration of Customs of China suddenly announced the suspension of imports of …
Read More »Taiwan prepares for emergency amid China’s threats
Taiwan’s Ministry of Defense said in a statement Tuesday that it is fully aware of the military exercises of China’s forces near the island’s coast, and that Taiwan is determined, capable and confident in its capabilities to protect its territory in case of emergency or any threats. This comes after …
Read More »NFP Preview: Forecasts From Four Major Banks
The US Bureau of Labor Statistics will release the January jobs report on Friday, February 4 at 13:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of four major banks regarding the upcoming employment data. Deutsche Bank “We are …
Read More »Will Chinese GDP Surpass The US?
On the way to becoming a modern socialist country by 2035, and rich, powerful, and dominant by 2049, with the celebration of the one hundredth birthday of the People’s Republic, China aspires to claim proud rights as its GDP surpasses the United States, and project its power based on its …
Read More »US Nonfarm Payrolls Rises in November
Nonfarm Payrolls (NFP) rose by 210K in November versus the median forecast for a 550K rise, data published by the US Bureau of Labor Statistics showed on Friday. That marked a substantial decline versus the 546K jobs added to the US economy in October.
Read More »NFP Preview: Forecasts From Four Major Banks
NFP is set to be released on Friday, November 5 at 12:30 GMT. here are the forecasts by the economists and researchers of four major banks regarding the upcoming employment data SocGen “In our forecast for a 520K job increase in October, the first consideration is a neutral contribution from …
Read More »NFP Preview: Forecasts From Four Major Banks
Here are the forecasts by the economists and researchers of four major banks regarding NFP report. JP Morgan “We are looking for a 575K gain in jobs. Expect a drop in the US unemployment rate to 5%. The driver for an above-consensus forecast is the expected rebound in the leisure …
Read More »US September Nonfarm Payrolls Preview
The US Bureau of Labor Statistics will release the September jobs report on October 8. Following a disappointing increase of 235,000 in August, investors expect Nonfarm Payrolls to rebound and rise by 488,000 in September. Will the US nonfarm payrolls report be the green signal for the Federal Reserve to …
Read More »U.S. Private-Sector Employment Rises by 568K in September
Employment in the US’ private sector rose by 568,000 in September, the monthly data published by the Automatic Data Processing (ADP) Research Institute revealed on Wednesday. This reading came in stronger than the market expectation for an increase of 428,000. Meanwhile, August’s print got revised down to 340,000 from 374,000.
Read More »Chinese and American challenges could put global economy at risk
U.S. and global economies are in good shape after bouncing back from the downturn caused by the pandemic. Growth may not be quite as explosive as previously expected. The Organization for Economic Cooperation and Development lowered its projection for global economic growth in 2022 from 5.7 percent to 4.5 percent …
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