Vietnam sets economic growth target for 2021

On January 4, the Vietnamese government issued the “Resolution on Realizing the Main Tasks and Measures of the 2021 Social and Economic Development Plan and the State Budget.” The “Resolution” made it clear that it […]

Trump promises to transfer power on January 20

US President Trump issued a statement on Thursday morning promising to transfer power to President-elect Biden in an orderly manner on January 20. Before the announcement, after hours of debate and challenge, Congress completed the […]

Gabon to Cut Crude Oil Production in 2020

The government of Gabon said Tuesday that it plans to slash the country’s crude oil output in 2020 by 23%. The production cut means the oil-dependent nation will produce 154,000 barrels of crude oil a […]

U.S. Industrial Production Falls in March

U.S. industrial production fell sharply in March as the coronavirus pandemic disrupted supply chains and knocked down demand for an array of goods and services. Industrial production, a measure of factory, mining and utility output, […]

Bank of Canada Leaves Key Interest Rate Unchanged

The Bank of Canada left its key interest rate unchanged at 0.25% in a scheduled policy announcement on Wednesday and said it would begin purchasing provincial and corporate bonds to ease strains in those markets. […]