The U.S. House of Representatives is expected to pass a bill on Tuesday which will make it harder for President Donald Trump to ease sanctions on Russia without approval from Congress. The bill comes after a rare show of unity between congressional Republicans and Democrats and signifies another blow to Trump’s hopes for a rapprochement […]
Read moreThe European Central Bank (ECB) needs to beware of raising interest rates too quickly as there are a significant number of “zombie firms” in Europe that have become too dependent on cheap credit, according to analysis by the Bank of America Merrill Lynch. Barnaby Martin, head of European Credit Strategy at BofA Merrill Lynch, said […]
Read moreVirgin Money’s CEO has said the challenger bank is optimistic for the future of its digital banking platform, and that a balance with physical branches and face to face customer interaction remained paramount to its model. The bank reported strong profits and a positive outlook in its first half results on Tuesday on the back […]
Read moreThe FTSE 100 might be your best investment option amid growing domestic volatility in the U.K. economy, analysts at JP Morgan said. There are three reasons increasing the attractiveness of U.K. stocks: global valuations are too high, U.K. valuations are cheap and they’re affected by global growth, which looks solid at the moment. “Despite popular […]
Read moreA major Wall Street firm is urging investors to take money out of the U.S. stock market and move it abroad. Stephen Wood, the chief market strategist at Russell Investments, believes the bull run is on borrowed time. He says investors should pull some house chips off the table. “Valuations are being decreasingly supported by […]
Read moreHopes of securing a post-Brexit U.S.-U.K. trade deal have come under threat in the first day of talks amid concerns over chlorinated chicken imports. Britain’s International Trade Secretary Liam Fox has insisted that the issue of poultry imports is “a detail of the very end stage of one sector” but British campaigners insist that a […]
Read moreCurrency, United States Finance
OPEC's best efforts continue to fail because oil prices have 'a life of their own'
OPEC‘s efforts to stimulate flagging prices are likely to fail once again because of its limited influence on the market, Mouhammed Choukeir, chief investment officer at Kleinwort Hambros, told CNBC on Tuesday. “Oil price has a life of its own…. You can see that since the beginning of the year clearly OPEC has tried its […]
Read moreBudget airline Scoot has vowed to be “aggressive” with its growth ambitions, unveiling five new destinations and a plan to double its fleet, following an official merger with Tigerair. Just months after announcing their intentions to pursue a tie-up under the single Scoot brand, the two Singapore Airlines-backed low-cost carriers are becoming one under a […]
Read moreGreece is making its return to the market Tuesday after a three-year absence with the sale of a five-year bond. Analysts have applauded the timing but caution the country is still in the hands of international creditors. The Greek Debt Agency is issuing a five year bond maturing in 2022 with a coupon rate of […]
Read moreThe rivalry between India and China is heating up as the heavyweight economies face territorial tensions on both land and sea. A fierce border stand-off in Bhutan’s Doklam region — triggered by a Chinese road construction project in a disputed area and a Bhutanese request for Indian help — is now entering its second month […]
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