An announcement for a US-Japan trade agreement could be made in August, said the United States president Donald Trump which is an indication that he would want to push Japan for the trade deal well before the six month period… Read More ›
Geopolitics
UBS Says Not ‘Enough Pain’ Being Faced By US & China Currently To Strike A Trade Deal
After United States president Donald Trump implemented an increase in trade tariffs on Chinese products and included Chinese telecom manufacturer Huawei in its so called’ entity list’ that banned it from doing business in and with US companies, thye high… Read More ›
Mexico To Hold Auction Of Seized Vehicles Obtained By Corrupt Means
The government of Mexico under its leftist president has taken up a populist anti corruption crusade. And this week end, government authorities are going to auction away dozens of luxury cars that have been seized from corrupt politicians and mobsters… Read More ›
A China Ban Could See Apple Earnings Fall By Almost 30%: Goldman Sachs
There is no truce in sight for the acrimonious trade war between the United States and China. In the latest escalation to that trade war, the US Commerce Department blacklisted the Chinese telecom equipment making giant Huawei after US president… Read More ›
Trade War Induced Equities Slump Could See Bitcoin Rise 22pc 659 By Year-End
A survey of fintech specialists shows that by the end of the year, there would be an expected 22 per cent increase in the price of bitcoin compared to the current price. This would be driven by increased appeal for… Read More ›
Russia lowers USD share in the structure of its foreign currency reserve
Russia’s central bank lowers USD’s share from its foreign currency reserves citing external risks. Ksenia Yudayeva, the First Deputy Governor of Russia’s central bank stated, it has lowered the share of dollars in its reserves citing a potential rise in… Read More ›
OPEC+ Oil Producers To Curb Crude Production, Says Saudi Arabian Energy Minister
While a decision to drive down crude inventories “gently” has been taken by consensus among OPEC and allied oil producers, Saudi Arabia would also be responsive to the demands of what is being described as a fragile market, said the… Read More ›
Attacks placing oil supplies security at risk: Saudi Energy Minister
Ever since Trump re-clamped sanctions on Iran, tension in the gulf region has steadily heated up. Saudi Arabian Energy Minister Khalid al-Falih stated, although the recent attacks on its energy assets had put the security of oil supply at risk,… Read More ›
World Economic Outlook Could Be At Risk Due To US-China Trade War: IMF’s Lagarde
The International Monetary Fund is still very concerned about the trade war that is being ongoing between the United States and China. The Managing Director of the world body Christine Lagarde, told the international news agency Reuters during a visit… Read More ›
Steel, Aluminum Tariffs On Canada And Mexico Removed By Trump
In the efforts of encourage the lawmakers of Mexico and Canada to quickly ratify the new North American trade deal, the U.S. will lift steel and aluminum tariffs on the two trade partners, said the United States President Donald Trump…. Read More ›
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