Very different messages were appeared to be sent by two signals about the strength of consumer spending in the United States. While on one hand, the consumer spending figure reported Friday was quite weak, with the Bureau of Economic Analysis announcing… Read More ›
A director at the International Monetary Fund (IMF) said that as austerity, taxes and stable oil prices begin to take effect, oil exporters in the Middle East and North Africa will see their budget deficits shrink. “Sizeable adjustments were made in… Read More ›
Keith Noreika, a banking lawyer at Simpson Thacher & Bartlett LLP, is being considered as an acting comptroller. The Wall Street Journal has reported that the Trump administration plans on replacing Thomas Curry as the Comptroller of the Currency. Although… Read More ›
With this potential violation of the U.S. constitution, Trump appears to be risking everything by choosing not to divest. As per two senators, U.S President Donald Trump is setting a unparalleled precedent by flirting with potential violations to the U.S…. Read More ›
Oil-exports-dependent Saudi Arabia is pushing to diversify its economy. With German Chancellor Angela Merkel’s visit to the country, Saudi Arabia has let it be known that it wants to partner German companies, including, Siemens and SAP, to further the kingdom’s… Read More ›
While countering theories that demand will peak within years with his own forecast that consumption will keep growing for decades, the boss of Saudi Arabia’s state oil company defended petroleum as the mainstay of the global economy. “The global economy… Read More ›
He will either renegotiate or terminate a “horrible” trade deal with South Korea, said U.S. President Donald Trump, reported Reuters. Reuters also said that for the THAAD missile defense system, the president also said he wants South Korea to pay for the… Read More ›
Foxconn, the world’s largest contract manufacturer, has loads to talk to the White House. Here’s why … As per footage shown on Taiwanese television, top executives from Foxconn, including founder and chairman Terry Gou, visited the White House on Thursday…. Read More ›
Trump’s comments have upset South Korea’s stock market which has plummeted despite brightening economic prospects. U.S. President Donald Trump has threatened he will either renegotiate or terminate on what he termed as a “horrible” free trade deal with South Korea,… Read More ›
Coming from a distinguished lineage, James von Moltke’s appointment comes at a time when Germany’s prime lender is facing reputational challenges and a fledging securities trading business in the U.S. As per a source close to the matter at hand,… Read More ›
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