Month: August 2021

US Senate Majority Leader Chuck Schumer progressed towards closing the debate on a $1 trillion bipartisan infrastructure bill, Reuters reported early Friday. However, the Senate remains unclear on a probable vote on passage this Saturday, Reuters said. Schumer still hopes Senate might complete infrastructure bill late Thursday, otherwise work to continue on Saturday. Market reaction
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Held support ahead of its 200 hour moving average and sellers are turned buyers The GBPUSD has been chopping up and down, but the dip lower, did find willing buyers against its 200 hour MA at 1.3095. Holding above that level, has led to sellers turning to buyers, and the price has moved to a new session will high.  In the process, the 100 hour
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SHANGHAI: A slew of measures by Chinese authorities to tame soaring raw material costs has had only a fleeting effect, leaving the world’s largest manufacturing base facing the harsh reality of substantially higher input costs for the foreseeable future. China‘s enormous manufacturing industry, population and fast-growing economy mean it has uniquely large commodity requirements that
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Janet Yellen, U.S. Treasury secretary, arrives at a Eurogroup meeting of European Union (EU) finance ministers in Brussels, Belgium. Bloomberg | Bloomberg | Getty Images Treasury Secretary Janet Yellen will warn on Wednesday that enacting President Joe Biden’s economic agenda is critical to maintaining America’s status as the world’s top economic superpower, according to a
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