Tag: markets

NEWS

UK Prime Minister Liz Truss Changes Thus

UK Prime Minister Liz Truss has announced another U-turn in her government’s tax-cut plan in an effort to reassure financial markets. The British Prime Minister argued that she will reverse her plan to scrap an increase in corporation tax and admitted the government’s mini-budget had gone faster and further than many expected. It comes after the PM sacked her chancellor, […]

BUSINESS

U.S. Adds Chinese Tech Companies To “Notorious Markets List”

Alibaba and Tencent are two of the latest companies to be added to the U.S. “Notorious Markets List.” These companies are said to be involved with trading counterfeit goods. The list identifies 42 online sites and 35 physical stores, including e-commerce platforms, run by a number of companies. The U.S. trade agency noted that these companies have engaged in or […]

BUSINESS

Oil Prices Show Upward Trends

Oil prices rose more than one percent on Friday after upbeat U.S. jobs data strengthened expectations for higher fuel demand and on signs that U.S. sanctions on Venezuelan exports have helped tighten supply. U.S. West Texas Intermediate futures were at $54.65, up 86 cents. Oil prices got a boost from Wall Street after surprisingly strong U.S. job growth data fed […]