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economy

USA mulls over more sanctions on Iran, including petrochemical
03 May 2019 The USA government is aiming to deprive Iran’s sales of petrochemical products to Singapore and its sales of consumer goods to Afghanista.n
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17 Apr 2019

economy

Saudi Aramco eyes 25% stake in Reliance refining and petchem business

The company has been actively expanding its footprint in the petrochemical sector.
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17 Apr 2019

economy

China’s economy maintained steady growth rate in Q1

Though the growth is below 2018’s full year rate of 6.6 percent, analysts believed this is an early sign of a recovery.
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05 Apr 2019

economy

Media: USA and China aim to reach trade deal in four weeks

Many pessimistic analysts believed that the two countries might take months to achieve the deals.
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28 Mar 2019

economy

Saudi Aramco reaches deals to acquire major stake in Sabic

The transaction is worth USD 69.1 billion but it is subjected to closing conditions and regulatory approvals.
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21 Mar 2019

economy

Federal Reserve keeps key interest unchanged; might maintains the rate throughout the year

The Fed has been lifting the interest rate since 2015 on continuous improving employment status.
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21 Mar 2019

economy

USA may keep tariffs on Chinese goods even after trade deal

It seems USA is more willing to roll back at least some of the 10% tariffs on $200 billion Chinese goods that took effect in September.
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15 Mar 2019

economy

UPDATE: China to implement VAT rate reduction by April

This is the second time the country cutting VAT rate for the manufacturing sector.
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