Month: September 2021

U.S. weekly jobless claims unexpectedly increase By Reuters

seohan 4 months ago

© Reuters. FILE PHOTO: People line up outside a newly reopened career center for in-person appointments in Louisville, U.S., April 15, 2021. REUTERS/Amira Karaoud

WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits unexpectedly rose last week, though the labor market continues to steadily recover.

Initial claims for state unemployment benefits increased 16,000 to a seasonally adjusted 351,000 for the week ended Sept. 18, the Labor Department said on Thursday.

Ida, which made landfall in late August, devastated U.S. offshore energy production and knocked off power in Louisiana. One of the most powerful hurricanes ever to

… Read More

China urges end to sanctions on Afghanistan underscoring divide with west

seohan 4 months ago

Afghanistan updates

China has called for economic sanctions on Afghanistan to be lifted and the Taliban to be given access to billions of dollars in frozen foreign exchange reserves, highlighting a deepening rift between Beijing and the west over the future of the country.

“Afghanistan’s foreign exchange reserves are national assets. They belong to the people and should be used for the people,” China’s foreign ministry said in a statement, citing remarks made by Wang Yi, the country’s foreign minister, at a virtual meeting of

… Read More

Indonesia’s Financial System

seohan 4 months ago

It is not any accident that the inflationary 1970s have been a period of low productiveness growth. Of the G7 nations, Britain had the quickest second-quarter progress of GDP. This was needed, on situation that Britain’s real GDP had fallen very sharply within the second quarter of 2020 and then once more in the first quarter of 2021. Meanwhile, given the outbreak of the Delta variant during small business the summer time, there is cause to expect that development will have slowed in the third quarter. Overall, the newest PMIs for … Read More

China stocks fall in wake of global tumult over Evergrande

seohan 4 months ago

Evergrande Real Estate Group updates

Chinese markets fell on their first day of trading this week after a public holiday as concerns grew in global markets over a possible default by property developer Evergrande on an international bond repayment.

But the losses were not as heavy as feared after the real estate company, which has total liabilities of more than $300bn, said payment due on Thursday for an onshore renminbi-denominated bond had “already been resolved through off-exchange negotiations”.

The benchmark CSI 300

… Read More

International Business Schooling Network

seohan 4 months ago

Because the time period “business” can be interchanged with day-to-day operations in addition to the overall formation of an organization, the time period is often used to point transactions regarding an underlying services or products. Business sizes vary from small owner-operated companies, corresponding to household eating places, to multinational conglomerates corresponding to General Electric. In this case, the corporate is publicly traded and has reporting and working restrictions. Alternatively, smaller companies … Read More

Oil rallies on tight supplies in aftermath of U.S. storm By Reuters

seohan 4 months ago

© Reuters. FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo

(Fixes typographical error in headline)

By Ahmad Ghaddar

LONDON (Reuters) -Oil prices rose on Tuesday, after sharp losses the previous session, amid tighter U.S. supplies, ending days of losses as global markets remain haunted by the potential impact on China’s economy of a crisis at heavily indebted property group China Evergrande.

gained 70 cents, or 1%, to $74.62 a barrel by 1239 GMT, having fallen by almost 2% on Monday. The

… Read More