Well, the historical data clearly show that while both the stock market and the economy have done better with Democrats in the White House than with Republican presidents, the market always assumes that the opposite will be true. It is that assumption, combined with the surprise element of a Trump win, that would drive a massive jump […]
With only a few hours until the US elects a new President, countries have been preparing for a foreign policy change if Democrat nominee and former vice president Joe Biden, who is running ahead in the polls, gets elected, reports Eurasian Times. IAC Desk
Several large steel projects located in Southeast Asia, underpinned by Chinese investment, are nearing completion and will provide a huge boost to production capacity in the region, reports Metal Bulletin. IAC Desk
Crude oil processed by Indian refiners hit the highest in six months in September, in another sign that demand for fuel is recovering from the blow to economic activity and transportation from coronavirus restrictions, reports Reuters. IAC Desk
The annual pig iron production suspension ordered by the cities of Handan and Tangshan in northern China’s Hebei province to control air pollution from Oct. 1 to Dec. 31 is 76% lower this year than the restrictions imposed a year earlier, S&P Global Platts calculated Oct. 21 based on official announcements. IAC Desk
China’s first privately built 5G mobile network for mining began operations at a coal mine in the eastern coastal province of Shandong on October 17, as part of the Chinese government’s drive for industries to modernise with leading digital infrastructure, according to miningglobal.com. IAC Desk
Pakistan’s agriculture sector has been in distress for a very long time owing to poor policies and official neglect. This is reflected in dwindling crop yields, decreasing farm incomes and increasing rural poverty and food prices. Consequently, the share of agriculture in the national GDP has diminished to 19pc from 27pc in the last two […]
Australia’s dependence on China for economic growth is well known, but never has it been so starkly illustrated. The country where the coronavirus was first detected is now the sole major economy showing genuine signs of recovery. For that it needs Australian iron ore to make steel and build infrastructure, reports The Sydney Morning Herald. […]
China’s crude oil imports averaged 11.52 million barrels per day (bpd) in September, up by 3.1 percent from August, but slowly returning to historical levels and starting to ease the congestion at Chinese ports, according to data from energy analytics services provider OilX. Compared to September last year, Chinese crude oil imports jumped by 24.4 […]
Oil prices skyrocketed on Monday morning as U.S. President Donald Trump’s health appears to have improved after testing positive for the coronavirus on Thursday evening. At 11:06 a.m. EDT, the price of the WTI benchmark had risen by 6.15% to $39.33. While the gains are substantial for the day, they are still under the $40 per barrel […]
