Italy’s power struggle is rattling global financial markets, with investors fearful the looming prospect of fresh elections could be fought over the country’s role in the European Union and the euro zone. Rome’s latest political crisis comes at a time of elevated tensions between euroskeptic populists, who emerged victorious from the March election, and pro-EU […]
Read moreA top aide to North Korean leader Kim Jong Un arrived in Singapore on Monday night, Japanese public broadcaster NHK said on Tuesday, the latest indication that the on-again-off-again summit with U.S. President Donald Trump may go ahead. Kim Chang Son, Kim’s de facto chief of staff, flew to Singapore via Beijing on Monday night, […]
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Global growth is still relying on ‘policy crutches,’ says OECD chief
The global growth story is no longer new, but the broad-based economic recovery underway a decade after the 2008 financial crisis still needs some propping up from fiscal policy, according to the head of the Organization for Economic Cooperation and Development (OECD). About three-quarters of OECD members are basing their fiscal policy on some kind […]
Read moreEuropean stocks are set to open lower on Tuesday morning, as investors monitored the looming prospect of early elections in Italy. The FTSE 100 is seen five points lower at 7,692; the CAC is expected to open off around 13 points at 5,493; while the DAX is poised to start down 50 points at 12,829, […]
Read moreFormer North Korea spy chief and senior official Kim Yong Chol is headed to the United States after stopping over in Beijing, presumably for talks with U.S. officials regarding a possible summit between North Korean leader Kim Jong Un and President Donald Trump, South Korea’s Yonhap News Agency said on Tuesday. Kim Yong Chol has […]
Read moreApple may be planning to use high-end technology in the screens for all of its new iPhone models next year, according to a report from South Korea’s Electronic Times. The American tech juggernaut is reportedly looking at organic light-emitting diode, or OLED, panels, which make images appear brighter and sharper compared to another technology used […]
Read moreIndonesia’s rupiah has been growing worryingly weak, and the country’s central bank has seen little success after multiple attempts to prop up the currency. Now, Bank Indonesia said it will meet again on Wednesday — and speculations are rife that the central bank has more tricks up its sleeve. The rupiah has been one of […]
Read moreAsian markets were poised to open lower on Tuesday, with Italian politics and the slide in oil prices in the spotlight overnight. Futures pointed to a lower open for markets in Japan and Australia. Nikkei futures traded in Chicago were lower by 0.25 percent compared to the index’s last close and Australian SPI futures were […]
Read moreOne of the market’s biggest bulls sees stocks getting their groove back this year, but his forecast comes with an expiration date. According to Blackstone’s Joseph Zidle, there’s evidence that rising inflation will tear into corporate profits and stretch consumers within the next 12 months. “As we get into 2019, this earnings cycle is going […]
Read moreCurrency, United States Finance
Trump trade advisors Ross and Lighthizer to meet the EU's top trade official this week
Europe’s top trade official Cecilia Malmstrom will meet U.S. counterparts Wilbur Ross and Robert Lighthizer in Paris on Wednesday, two days before a temporary reprieve from U.S. steel and aluminium tariffs is due to expire. “A bilateral meeting with (U.S. Commerce) Secretary Ross is scheduled to take place on the margins of the OECD meeting […]
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