Global Economy

3 hours ago Sri Lanka imposes curfew as eight blasts coincide Easter Sunday
19 April 06:48 PM Uber’s autonomous vehicle arm valued at $7bn
Uber's self-driving vehicle unit managed to raise $1 billion from a group of investors, including SoftBank, according to Reuters.
19 April 06:09 PM S.Korea plans to expand renewable energy mix share  
South Korea seeks to raise the portion of renewables of its energy production to 35% by 2040, Reuters reported, citing a draft policy revision.
19 April 05:42 PM US wins WTO ruling against China’s grain tariff-rate quotas
The US prevailed in a World Trade Organization dispute with China, in which Washington accused Beijing of limiting market access for American farm goods.
19 April 04:56 PM Japan may weigh cutting growth projections – Report
The Bank of Japan may weigh cutting its economic forecasts slightly in its quarterly outlook to be issued next week, Bloomberg reported on Friday.
19 April 04:20 PM Apple probably paid up to $6bn in Qualcomm settlement–UBS
Apple may have paid between $5 billion and $6 billion to settle its bitter legal battle with Qualcomm, according to Swiss bank UBS.
19 April 03:45 PM US private housing starts decline 0.3% in March
The US Census Bureau, the US Department of Housing, the Urban Development on Friday jointly published residential construction statistics for last March.
19 April 02:50 PM Thailand to introduce $629m measures to spur growth
Thailand plans to introduce economic measures worth nearly 20 billion Thai baht to stimulate its slowing economic growth, Reuters reported.
19 April 02:25 PM US economic growth seen at 2.8% in Q1–Atlanta Fed
The Federal Reserve Bank of Atlanta upgraded its US economic growth projection for the first quarter of 2019, according to Reuters.
19 April 01:58 PM China plans to promote wind power usage for heating systems
China plans to promote utilising energy generated by the wind in order to further power heating systems during harshly cold winters in many regions.
19 April 12:38 PM Euro slips on soft European factory activity amid thin trade
The Euro weakened against the US dollar on Friday, on the back of weak manufacturing figures in Europe, Reuters reported.
19 April 12:05 PM US dollar firms on positive US data amidst light trade
The dollar steadied on Friday, after tapped its highest level overnight in two weeks and a half on strong US economy outlook.
19 April 10:37 AM US oil rigs decline for first time in 3 weeks
US energy producers reduced this week the number of active US oil rigs for the first time in three weeks, Reuters reported, citing Baker Hughes.
19 April 12:20 AM Oil levels up at Thursday’s settlement
​​​​​​​Mubasher: Oil settled higher on Thursday, as the US reported higher natural gas stockpiles.
18 April 10:33 PM Gold ends Thursday in red  
Mubasher: Gold settled lower on Thursday, as the US reported positive retail data.
18 April 06:45 PM Daimler targets $6.7bn in cost savings – Report
Daimler will make EUR 6 billion in cost savings and efficiency gains by 2021 at Mercedes Benz passenger cars, Reuters reported, citing Manager Magazin.
18 April 05:51 PM Uber rolls out safety features after college student’s murder
Uber unveiled new features for the safety of its riders in the wake of a South Carolina college student's murder, NBC News reported.
18 April 05:34 PM US natural gas storage posts weekly build as prices drop
The US natural gas inventories rose by 92 billion cubic feet (Bcf) in the week ended 12 April, totalling 1,247 Bcf.
18 April 05:23 PM US business inventories grow 0.3% in February
US business inventories expanded 0.3% in February to $2.017 trillion on a seasonally adjusted basis, the US Commerce Department's Census Bureau said on Thursday.
18 April 05:04 PM Investors file lawsuits against Lyft over overstated IPO
Investors in ride-sharing giant Lyft are suing the firm on the grounds that it overhyped its market position ahead of its anticipated IPO.
18 April 04:11 PM Turkish lira weakens to 6.5M low
Turkish lira plunged after the central bank used billions of dollars in short-term borrowing to boost its reserves, the Financial Times reported.
18 April 04:06 PM US retail sales jump 1.6% in March
Initial official reading indicated that US retailers saw a month-on-month sales growth in March, compared with the decline in the unrevised estimates for February.
18 April 03:56 PM US jobless claims post fifth weekly drop
The number of unemployed individuals in the US who applied for benefits extended April decline last week, recording its lowest level in almost 50 years.
18 April 03:14 PM Cybercrime to take heavy toll on businesses in 5 yrs
As the cyber security threat landscape is growing more complex, cybercrime is set to cost businesses $8 trillion worldwide over the next five years.
18 April 01:43 PM US, China eye trade deal announcement early May – Report
Top US and Chinese officials are planning for more face-to-face meetings in an effort to hammer out a trade pact by early May.