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Subaru Plans to Sell Only Electric Cars by Mid2030s

Japan’s Subaru Corp set an objective on Monday to sell just electric cars worldwide by the primary portion of the 2030s, in an advance toward its long-term objective of a carbon-free society. Photo: Flickr The news comes as Subaru has fortified capital ties with Toyota Motor Corp, in a pattern of worldwide automakers […]

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Bank of Korea Leaves Rates Unchanged at 1.25

The Central Bank of South Korea on Friday maintained its key interest rate, pointing to signs of a better trading situation and domestic economic recovery. This indicates that the regulator is in no hurry to reduce the borrowing costs repeatedly. Photo: Flickr Inflation rate at annual rate reached a record low in 2019, […]

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China Q4 GDP Adds 6 Drifting Close to 30Year Low

China’s economy gained 6.0 percent in the final quarter of 2019 from a year sooner, official information appeared on Friday, following desires and unaltered from the past quarter’s pace. Photo: Flickr Examiners surveyed by Reuters had anticipated GDP to extend 6.0 percent in the October-December quarter, floating at the most vulnerable pace in […]

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Oil Prices Flat Amid Worries Over Chinese Demand

Oil prices were flat on Friday, as reports of slack economic growth in China, the world’s largest oil importer, have raised demand concerns, outweighed optimism around the signing of an interim pact of Sino-U.S. trade deal. Photo: Pixabay China’s Q4 2019 GDP growth was of 6.0 percent in annual terms, coinciding with expectations […]

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U.S. Stocks Extend Gains; SP 500 Hits Record

U.S. stocks closed at records on Thursday, as financial sector earnings beat market expectations and extended previous session gains. Photo: Flickr Morgan Stanley shares rallied to touch 6.6 percent increase on Thursday, after the financial heavyweight reported stronger than expected earnings and revenues. The dark spot in contrast turned to be […]