In an unusual combative move, here is what German Chancellor Angela Merkel said after the G7 summit in Canada. German Chancellor Angela Merkel voiced regret vis-a-vis U.S. President Donald Trump’s abrupt decision to withdraw support for a G7 communique. On… Read More ›
The reassurances that Italy will stick to EU’s fiscal rules and and within the world’s largest trading bloc has been music to investors’ ears. No wonder Italian bond futures have risen this sharply. On Monday, following Giovanni Tria’s, Italy’s Economy… Read More ›
There was 300 per cent oversubscription for the stocks of Foxconn Industrial Internet in what is being touted as China’s biggest IPO in the last three years Driven by expectations of a price rise following the listing, there was high… Read More ›
$50bn would be given to Argentina as debt to spruce up its debacle economy by the International Monetary Fund, However, the IMF board still needs to pass the three-year agreement. Following the local currency of Argentina hitting record lows on… Read More ›
Although Ali Larijani’s posturing is aimed at Iran’s domestic population, it assumes significance due to its geo-economic ramifications. On Friday, Iran’s parliamentary speaker, Ali Larijani, said security in the Middle East could be threatened if Tehran was cornered by Saudi… Read More ›
Iran slammed U.S. arrange of ignoring 60 years of OPEC’s history by suggesting Saudi Arabia boost its oil production in order to make up for Iran’s shortfall. In a development that essentially sets the stage for a tough meeting at… Read More ›
In a cautionary move, Japan has warned the U.S. that any imposition of new tariffs will negatively impact U.S. consumers and its auto industry. On Friday, Japan’s automakers association (JAMA) came down heavily on U.S. overtures to explore the possibility… Read More ›
Given its humongous trade surplus with the U.S., it would be only natural to assume that China has much to lose in the event of a hike in U.S. import tariffs. Before such tariffs are enforced by Washington, Beijing is… Read More ›
Just a few before the presidential and parliamentary elections in Turkey, the country’s central bank announced a sharp rise in the primary interest rate aimed at reigning in the rising rates of inflation and to stabilize the currency lira. The… Read More ›
The retaliatory import tariffs that has been announced to be imposed by the European Union on goods from the United States would be implemented from next month. The list of goods include a range of products from Harley-Davidson motorbikes to… Read More ›
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