The International Energy Agency (IEA) warned Wednesday that “logistical headaches” could be caused by the ongoing dispute between several Middle East countries and Qatar. The political dispute has become an operational problem for lifters of Qatari crude, condensate and LNG… Read More ›
In what is the latest sign of the growing hit to the economy from rising inflation since the Brexit vote, British retail sales fell more sharply than expected in May, data showed on Thursday. In what is a heavier downturn that the… Read More ›
If only the Trump Administration could move past the drama and focus on getting the economy rolling… In a development that potentially has widespread economic concerns, on Wednesday, the Washington Post has reported citing anonymous sources that U.S. President Donald… Read More ›
European Union and Asian regulatory sources said that a system of international regulatory cooperation will be thrown into confusion by U.S. plans to delay globally-agreed reforms to make banks safer after the financial crisis. But sources said that as it… Read More ›
Large investors are doubling down on their investments even as stocks like Apple Inc. and Facebook Inc stumble even though their high exposure to large-cap technology stocks boosted their returns during the first quarter of the year. During a two-day… Read More ›
Reduced vigil and lowering of standards of credit card businesses by banks, have contributed to mounting losses. On Tuesday, at an industry conference, the head of JPMorgan Chase & Co’s consumer business disclosed that losses in the bank’s credit card… Read More ›
Societe Generale suggested that despite announcing at its most recent policy meeting that the region’s growth prospects now look “broadly balanced”, the European Central Bank could be expected to continue its bond-buying program known as quantitative easing (QE) into 2019. SocGen said in… Read More ›
By routing these ‘financial reforms’ through regulatory agencies rather than the U.S. Congress, the Trump Administration is loosening the regulatory scrutiny that was placed on big banks following the 2007-2009 financial crisis. With the U.S. Treasury Department unveiling sweeping reforms… Read More ›
An industry embroiled in a deflation-fueled price war saw competitive pressure added to it as a decades-long supermarket battle in Europe is now set to move to the U.S. Aldi said on Monday that in order to open 900 supermarkets over… Read More ›
Wal-Mart will increasingly face the heat from its German rivals, Aldi and Lidl. On Sunday, in a move that will most likely raise the stakes for its U.S. rivals in a price war, German grocery chain Aldi disclosed it would… Read More ›
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