Data from the Office of National Statistics (ONS) released Tuesday revealed U.K. inflation at 3.1 percent, the highest level since March 2012. This puts consumer prices for November up 0.1 percent from October’s consumer price index (CPI) rate of 3 percent, which was already a five-and-a-half year high. The new figures are in line with […]
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European markets set to open higher as investors look ahead to Fed, ECB meetings
European stocks are expected to open higher Tuesday morning, as investors monitor upcoming policy meetings from the U.S. Federal Reserve and the European Central Bank (ECB). The FTSE 100 is seen 23 points higher at 7,466; the German DAX is expected to start up 42 points at 13,160 and the CAC 40 is seen higher […]
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Trump's 'ill-advised' move over Jerusalem has set back peace process, former secretary of defense says
President Donald Trump‘s decision to recognize Jerusalem as the capital of Israel was “ill-advised” and has probably “significantly” set back the peace process , former U.S. Secretary of Defense Robert Gates told CNBC Tuesday. “I think it was ill advised,” Robert Gates told CNBC, “I’m not quite sure if there’s a strategy behind it or […]
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FOR a president elected on a populist campaign message, Donald Trump is not doing much to make himself popular with flyers in America. On December 7th, the Trump administration announced that it was withdrawing a regulation proposed under Barack Obama to require airlines and other plane-ticket sellers to disclose baggage fees when customers begin the […]
Read moreThe National Association of Manufacturers said Monday its latest quarterly CEO survey reflects historically high optimism on expectations for the passage of tax reform in Washington. The trade group said CEO optimism — hitting a high mark in 20 years of the survey — should send a message to legislators that failure to enact the […]
Read moreSmall businesses across the country support the Republican tax reform plan, with 55 percent saying they are in favor of seeing a tax bill passed. But when it comes to the level of support and enthusiasm, it’s not just multinational corporations where size seems to matter. The bigger a small business is, the more likely […]
Read moreThe finance ministers of Europe’s five largest economies called in a letter to Treasury Secretary Steven Mnuchin for the U.S. to rethink tax reform proposals that they said were discriminatory and could harm the financial sector and international trade. In the letter, seen by Reuters, the finance ministers of Britain, France, Germany, Italy and Spain […]
Read morePresident Vladimir Putin on Monday ordered Russian forces in Syria to start withdrawing, saying that after a two year military campaign, Moscow and Damascus had achieved their mission of destroying Islamic State. Putin made the announcement during a surprise visit to Russia’s Hmeymim air base in Syria’s Latakia Province where he held talks with Syrian […]
Read moreThe Federal Reserve Bank of New York will soon narrow its search for candidates to fill what is considered the Fed’s second-most powerful job after having scouted a diverse field, from a local business school dean to a former Fed governor. New York Fed President William Dudley steps down in mid-2018 and people in contact […]
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Currency expert says there's one fundamental reason behind bitcoin's runaway rally
Bitcoin‘s meteoric price rise has stunned critics and enthusiasts alike, leaving investors scrambling to understand the fundamental reason for the digital currency’s runaway rally. Valentin Marinov, head of G-10 FX research at Credit Agricole CIB, told CNBC on Monday that he was hopeful he now understood the reason behind bitcoin’s soaring value. He predicted further […]
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