Arvin Donguines

Arvin Donguines

The Latest

  • Crude Prices Took A Dive To Extend Big Losses From Previous Session After Stock Markets Rout
    Gulf of Mexico
    In a much-desired development, prices of oil took a sharp decline on Wednesday following a big drop in stocks on Wall Street that is now nearing a two-week lows amidst fears from global energy traders who are wary of the situation concerning the shrinking supply of Iranian crude due to the latest US sanctions.
  • Investors, Bankers Express Concern Over Rising Argentine Debt, Peso Currency On An Extended Rally
    Argentina
    Argentina’s peso currency has extended its week-long rally on Tuesday with investors and bankers showing concern over peso-based loans offered by the country’s central bank which is currently at very high interest rates. Meanwhile, economists were worried on the bank’s own growing debts.
  • Trump Tariff On Imported Steel Exempts Procter & Gamble
    Steel
    Procter & Gamble announced on Tuesday that the US government has given the company an exemption from paying the tariffs on imported steel used for the manufacture of its razor blade brands, Gillette and Venus.
  • EU Nations Signed Agreement Seeking 35% Cutdown On CO2 Emissions By 2030
    EU
    Member states of the European Union have agreed on Tuesday on proposal seeking a 35 percent cut in car emissions by 2030 following a report from the UN regarding the rapidly rising rate of global warming. Germany, meanwhile, voiced concerns on the impact that these new challenging environmental policies could make saying that this could put the auto manufacturing industry at risk and endanger thousands of jobs.
  • Three To Four Possible Locations Considered By Trump Admin For Second US-North Korean Summit
    U.S. President Donald Trump
    The US President Donald Trump confirmed on Tuesday that his administration is already preparing the details for the upcoming second summit between him and the North Korean leader, Kim Jong-un, in which they are considering three or four possible locations as venue for the said international event.
  • Beijing Choked Back On Imports Of US LPG, Turns To Middle East For Supply
    LPG
    China held back on importations of liquefied petroleum gas (LPG) from the United States as the two countries embroiled in a tit-for-tat trade spat, market watchers said, adding that the world’s second largest economy is now setting its eyes towards Middle East for extra supplies of the fuel.
  • Caracas Registers Record-High Annual Inflation Rate Of 488,865% In September
    Venezuelan money
    In an increasingly shocking development, Venezuela has registered yet another record high inflation rate which is now hitting at 488,865 percent in the 12 months ending in September, as the crude-producing nation continues to brace itself from a much broader economic collapse looming in a distance, a member of the Venezuelan congress tipped the press on Monday.
  • US Rejects Iran’s Plea On The International Court Over Legal Claim Of Frozen Assets
    International Court of Justice
    Tehran is facing off with the United States of America once again at the International Court of Justice (ICJ) on Monday on a case concerning the frozen Iranian assets which the Islamic Republic lay legal claims. The US started off its defense with preliminary objections on its side, arguing that The Hague-headquartered court holds no jurisdiction over the case.
  • Chinese Authorities Probe Former Interpol Chief’s Alleged Violations Including Bribery
    INTERPOL President Meng Hongwei
    Beijing has provided further confirmation on Monday regarding the investigation of the former Interpol president Meng Hongwei who was recently held in detention by the Chinese government for violations of several laws, following the report from French authorities saying that the top-ranking Chinese official had gone missing while en route back home from France.
  • US Crude Price Bounces Low On Hopes For Increased Demand From China
    Pump Jack
    The price of oil in the market had almost fully recovered after taking a deep plunge on Monday, paring losses with US crude prices as investors look on the possibility for China’s economic stimulus moves could bolster the world’s second largest economy and its demand for fossil fuel.
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