The U.S. dollar headed for its worst start to a year since 2008 on Tuesday while world stock losses, already the biggest in six weeks, grew after widespread protests against President Donald Trump’s stringent curbs on travel to the United States. Investors’ hopes for a fiscal boost to the world’s largest economy under Trump have […]
Investing.com – Gold prices were higher in European morning trade on Monday, starting the week off with gains as the dollar slumped after immigration curbs introduced by U.S. President Donald Trump heightened concerns about the impact of the new administration’s policies on trade and the economy. Gold futures for April delivery on the Comex division […]
AMONG the many things that Donald Trump dislikes are big global firms. Faceless and rootless, they stand accused of unleashing “carnage” on ordinary Americans by shipping jobs and factories abroad. His answer is to domesticate these marauding multinationals. Lower taxes will draw their cash home, border charges will hobble their cross-border supply chains and the […]
U.K banks risk losing their privileges to do business in the European Union, unless the government in London agrees to abide by financial regulation decided in Brussels even after Britain leaves the bloc, the head of the group of euro-area finance ministers said. “It is unthinkable that the EU will allow U.K.-based financial institutions full […]
U.S. President Donald Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies, as China’s influence in the region rises. Fulfilling a campaign pledge to end American involvement in the 2015 pact, Trump signed an executive order in the Oval Office pulling the United States […]
AMONG other things, the start of Donald Trump’s presidency this week heralds a collision between campaigning rhetoric and legislative and economic reality. What follows will be a learning experience for all, it is fair to say. Though not perhaps the most consequential of the looming reality checks, the outcome of a brewing debate over a […]
As investors gear up to hear the latest monetary policy decision from the European Central Bank (ECB) on Thursday, markets widely expect there to be no changes in interest rates or the asset purchase program, although the monetary authority’s president Mario Draghi could give indications on his feeling of when an eventual reduction in asset […]
Oil-price gains will trigger a “significant” increase in U.S. shale output as OPEC and other producers rein in supply, according to the head of the International Energy Agency. “U.S. shale-oil production will definitely react strongly,” Executive Director Fatih Birol said Wednesday in a Bloomberg Television interview in Davos, Switzerland. At $56 to $57 a barrel, […]
Chinese President Xi Jinping offered a vigorous defense of globalization and free trade in a speech at the World Economic Forum in Davos on Tuesday, which underscored Beijing’s desire to play a greater global role as the United States turns inward. Likening protectionism to “locking oneself in a dark room” to protect from danger, but […]
The number of people out of work around the world will hit 200 million in 2017, a new record high. And those with jobs shouldn’t bank on a raise. Those are the findings of research by the International Labor Organization, an agency that brings together governments, employers and worker representatives from 187 countries. In a […]