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 ›
Exxon has a long term contract to improve Iraq’s West Qurna oil field. In a significant development, Iraq’s Oil Minister Thamer Ghadhban stated, a major oil deal between Iraq and Exxon Mobil is “very close” in the making; the trajectory… Read More ›
Intesa’s CEO has ruled out leading a rescue effort for Carige. On Wednesday, Intesa Sanpaolo’s Chief Executive Carlo Messina stated, it will not invest any more into an industry fund that could come to the rescue of struggling regional lender… Read More ›
in order to mitigate some of the impact of the U.S.-China trade war, Japan plans on laying the groundwork for a hike in sales tax. On Tuesday, Japanese Finance Minister Taro Aso stated the U.S.-China trade war is not likely… Read More ›
A trade war is far better than a weak non-enforceable agreement given China’s history of reneging on its commitments. In order to be more effective, Trump will have to make manufacturing in China more expensive. That should perk up the… Read More ›
U.S. President Donald Trump is clamping down on Iran’s export revenue streams so as to force it to change its political stance on Israel. On Thursday, a spokesman for Iran’s foreign ministry stated, U.S. sanctions on its metals are against… Read More ›
Trump’s threat of adding additional tariffs ion $200 billion exports of Chinese goods to the U.S. is most likely seen as a negotiating tactics by Beijing. On Monday, in a move that essentially underscores the impact U.S. trade tariffs are… Read More ›
The move signals U.S. resolve and intent that it means business. Systemic concerns it has put across to China have to be addressed and resolved. Dilly dallying delaying tactics will not be entertained. In a development that underscores the United… Read More ›
Starbucks had made the coffee presses in partnership with Bodum. They were sold in Starbucks cafes and on its website from Nov. 2016 through January 2019. As per a statement from the U.S. Consumer Product Safety Commission, Starbucks Corp is… Read More ›
There is a preference for larger, more efficient EVs that provide more milerange in the U.S. and Canada. Small two-person mini-cars are passe. In a significant development, German automaker Daimler AG stated, it will discontinue the tiny, two-person Smart cars,… Read More ›
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