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US and China agreed to drop Tariffs : Trade War

US and China agreed to drop Tariffs : Trade War

  On Thursday, November 7, China and the United States agreed to drop tariffs on each other's products as part of the first phase of the trade deal, which marks a new sign of progress despite months of controversy. The two sides have agreed to cancel additional...

Mitsubishi to pursue foreign trade in crude oil :

Mitsubishi to pursue foreign trade in crude oil :

  Japanese oil giant Mitsubishi Corporation lost 34.2 billion yen ($ 314 million) as a result of unapproved derivative transactions by a Singapore-based oil trading group early next year. Due to this and other losses, the financial hurricane to Mitsubishi has...

ASEAN summit 2019 : Thailand

ASEAN summit 2019 : Thailand

  What is ASEAN Summit ?                                                   The ASEAN Summit is a biannual meeting of the Association of Southeast Asian Nations (ASEAN) on the economic, political, security and socio-cultural development of Southeast...

$41.9 Billion had lost on crude oil : Nigeria (NEITI)

$41.9 Billion had lost on crude oil : Nigeria (NEITI)

Nigeria lost $ 41.9 billion in stolen and refined crude oil products in ten years, said by Nigeria Extractive Industries Transparency Initiative (NEITI). On Wednesday in Abuja, NEITI expressed this in its policy summary titled "Preventing the rising cost of oil theft...

For Indians : RCEP

For Indians : RCEP

RCEP The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement that is suggested (FTA) between the ten member states of the Association of Southeast Asian Nations (ASEAN) (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines,...

Expertized knowledge about Anti-Dumping :

Expertized knowledge about Anti-Dumping :

Before we learn about anti-dumping, we need to know about dumping, What is Dumping ? "Dumping" is defined as the situation where the export price of an item is less than its selling price in the exporting country. Dumping in Economics : Dumping is about pricing in the...

US dollar was under pressure : US-China trade war

US dollar was under pressure : US-China trade war

USD under pressure : The EUR / USD exchange rate is off and the pair is currently trading at $1.1155 The US dollar was under pressure as data showed that new orders for US goods fell in September. This indicates that production is softer as the US-China trade war,...

To support crude oil feed stock : Fed Government

To support crude oil feed stock : Fed Government

The Federal government said it would support crude oil feed stock and other inputs to the dangote refinery and petrochemicals plant with a capacity of 650,000 barrels per day to ensure the success of the project. On Monday, The Minister of the Petroleum Resources...

First official speech of ECB :Christine Lagarde

First official speech of ECB :Christine Lagarde

Christine Lagarde, the new head of the European Central Bank (ECB),  will deliver his first speech on Monday, and the markets assume that he will stick with the easy policy script that Mario Draghi left behind. There are at least seven FED speakers to speak of this...