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Oil price tops as China seeks to revive its economy

13 Jun

Oil price tops $69 as China seeks to revive its economy

Anna EdwardsChina, economy, Oil, price, revive, seeks, tops

Oil rebounded from its lowest level in almost three months, while China is considering measures to revive the world's second-largest economy. West Texas Intermediate crude futures rose above $69 a barrel after losing more than 7% in the previous three sessions. China surprised economists on Tuesday by cutting short-term interest rates, and Beijing is also considering a large stimulus package. In the United States, inflation slowed in May, reinforcing the idea that the Federal Reserve will pause raising interest rates. Fires on the rise in Canada: air quality and oil production are threatened “The risk is present” this morning, since…

Santi Maratea on the collection for Independiente: “I feel like super minister of economy”

Anna Edwardscollection, economy, feel, Independiente, Maratea, minister, Santi, Super

This Wednesday, the influencer Santiago Marateavisited the program F90 who drives Sebastian Vignolo and provided more details about the money collection you're carrying on to save independent of all your debts. First of all, the instagramer clarified that The main objective is to settle the debt with the America of Mexico which is 3,200,000 dollars, but plus interest and fines, it ends up being a debt of more than a billion dollars. In this sense, Maratea said: "I had an idea, as Super Minister of Economy, which is that If the Red fans who are abroad put up dollars, they…

Chinese economy shows solid rebound after end of Covid measures

Anna EdwardsChinese, Covid, economy, measures, rebound, shows, solid

China's economy is showing signs of a rebound stronger after restrictions are droppeds imposed to contain the covid. Manufacturing activity posted its biggest improvement in more than a decade, while service activity grew and the housing market shows signs of consistency. The manufacturing purchasing managers' indexrose to 52.6 last monththe national statistics office said on Wednesday, the highest reading since April 2012. A non-manufacturing indicator that measures activity in the services and construction sectors improved to 56.3. Both indices beat economists' expectations. The PMI figure provides the first complete data on the recovery of the economy After the restrictions imposed…