Search result for July
July's market opening is steady to soft
On Friday, the very low sulphur fuel oil (VLSFO) market dipped a little since there was a restricted supply of blending materials for July.
According to data from Reuters, the 0.5 per cent VLSFO cash difference was at a premium of $75.67 per tonne on Friday as opposed to $77.14 per tonn...
Fighting in Myanmar kills more than 15 villagers and students
Highlights
- Fighting took place between government soldiers and local resistance group
- 15 to 20 villagers have lost their lives
A fighting took place near Gangaw Township in the northwestern Magway region of Myanmar. More than 15 to 2...
SOUTH KOREA ALLOWS CITIZENS TO GO MASKLESS AFTER FIRST DOSE OF COVID VACCINE
Highlights:
- South Korea announced that citizens who have received their first dose of the COVID-19 vaccine will no longer be required to wear masks outdoors from July.
- South Korea has launched its two-dose COVID vaccine drive in February and aim...
HOUSEHOLD SPENDING IN JULY REPORTEDLY DROPS BY 7.6% IN JAPAN
Highlights –
- Household spending in July reportedly drops by 7.6% in Japan.
- The average spending in a household with two or more people stood at $2,510.
- The average monthly income of salaried households however increased by 9.2 percent...
EMPLOYMENT OPPORTUNITIES WORSEN FOR THE MONTH OF JULY IN JAPAN
Highlights –
- Employment opportunities worsen for the month of July in Japan.
- The job availability ratio in Japan dropped in June to 1.08 from 1.11.
- The country’s unemployment rate rose to 2.9 percent from 2.8 percent in June.
CORONAVIRUS RESULTS IN EXCEEDING THE OUTFLOW OF PEOPLE MIGRATING INTO TOKYO IN JULY
Highlights –
- Coronavirus results in exceeding the outflow of people migrating into Tokyo in July.
- The number of outflow exceeded the inflow by 1,459 people in the capital.
- The number of people moving into the Tokyo metropolitan region...
JAPAN REPORTED ITS FIRST GOODS SURPLUS IN JULY; LOGGED $109 MILLION
Highlights –
- Japan reported its first goods surplus in July; logged $109 million.
- However, exports remained rather slow in July due to the pandemic.
- Exports dropped by 19.2 percent from a year ago.
- Imports also dropped by 2...
JAPAN’S WHOLSESALE PRICES OF SEVERAL PRODUCTS DROP BY 0.9 PERCENT IN JULY
Highlights –
- Japan’s wholesale prices of several products drop by 0.9 percent in July.
- Prices for oil and coal products fell by 19.3 percent.
- Prices for chemical products slipped by 5.0 percent.
- Imports and exports p...
UNEMPLOYMENT IN WATER-LOGGED KOREA HIGHEST SINCE 2000; YOUTH WORST HIT
- South Korea was on the receiving side this time as it lost about 277,000 jobs in July.
- With a stinging decline in the number of employed for a fifth consecutive month, the new coronavirus pandemic had businesses running for cover with lack of business activity ...
CHINESE STOCKS LIKELY TO SURGE AFTER JULY WHIPSAWS INVESTORS
Highlights:
- According to the Chinese market analysts, July was a wild month for the Chinese Stock market.
- Turnover in July for Chinese popular firms exceeded 1 trillion yuan which is equivalent to $143 billion for 17 consecutive days.
- Kweic...
TOKYO CONFIRMED NEW COVID-19 CASES ON MONDAY; JULY TOPPED 5,000
Highlights –
- Tokyo Confirmed new COVID-19 cases on Monday; July topped 5,000.
- The single-day figure slipped below the 200-mark for the first time on Monday.
- People who contracted the virus were in their 20s and 30s.
- 87 new...
HAKUHO AND ASANOYAMA GOING HEAD TO HEAD IN JULY’S GRAND SUMO TOURNAMENT
Highlights –
- Hakuho and Asanoyama going head to head in July's Grand Sumo Tournament.
- Both the wrestlers are just a win behind.
- Hakuho slapped down Aoiyama by 3-6.
- Asanoyama survived against Okinoumi by 4-5.
NBA PLANS TO RESTART MATCHES WITH A VIRTUAL AUDIENCE
Highlights –
- NBA plans to restart matches with a virtual audience.
- Microsoft Corp. and NBA will be working together to set up a virtual screening of the games.
- The NBA had suspended its season in March.
- The season is plann...
NASA’s PERSEVERANCE MARS ROVER IS READY FOR LAUNCH; NUCLEAR POWER SOURCE INSTALLED
Highlights –
- NASA’s Perseverance Mars rover is ready for launch; Nuclear power source installed.
- The launch is scheduled for July 30.
- The rover will rely on the Multi-Mission Radioisotope Thermoelectric Generator power system.<...
JAPAN’S ECONOMY SHOWS SIGNS OF GETTING BETTER IN THE MONTH OF JULY
Highlights –
- Japan’s economy shows signs of getting better in the month of July.
- The government report suggested that consumption is recovering.
- The assessment of public investment, imports, and industrial production were also ...
JULY’S GRAND SUMO TOURNAMENT AT TOKYO WAS OPEN FOR SPECTATORS
Highlights –
- July’s Grand Sumo Tournament at Tokyo was open for spectators.
- The oldest active sumo wrestler Hanakaze lost to Tenichi.
- Hanazake was the first to enter the dohyo at the age of 50.
- In March, the Spring G...
TRUMP ADMINISTRATION CANCELS ITS JULY 6 RULE ENFORCED ON INTERNATIONAL STUDENTS
Highlights:
- The Trump administration lost some brownie points when it tried to enforce federal law on International students
- Educational Institutes and IT companies filed lawsuits against this rule
Trump in his attempts to bolster the cou...
14 OUT OF 77 PEOPLE IN CHICAGO WERE KILLED, DURING JULY 4 WEEKEND
Highlights:
- 77 people were shot in Chicago, during the July 4 weekend.
- 14 people were shot dead.
- President Trump tweeted that the shooting case...
U.S LABOR MARKET COULD SUFFER A SETBACK IN JULY; THE JOB RATE INCREASES
Highlights –
- U.S labor market could suffer a setback in July; the job rate increases.
- June recorded slight growth in the U.S economy as lockdown eases in several states.
- But growth comes with fear of the rising number of COVID-19 case...
CAUTION RAISED FOR AN INCREASE IN COVID-19 CASES ON THE 4TH OF JULY HOLIDAY
Highlights –
- Caution raised for an increase in COVID-19 cases on the 4th of July.
- The U.S recorded the highest number of new cases on Thursday alone.
- The U.S. has now recorded around 2.69 million cases and a death toll of 128,064.