With President Donald Trump due to arrive in Germany later on Thursday, a lawmaker in the country has voiced concerns over a potential trade war between the U.S. and Europe as a result of Trump’s protectionist policies. The two countries have been on uneasy ground concerning trade since Trump took office, with the U.S. president […]
Read moreU.S. President Donald Trump meets eastern NATO allies in Warsaw on Thursday amid expectations he will reaffirm Washington’s commitment to counter threats from Russia after unnerving them in May by failing to endorse the principle of collective defense. En route to a potentially fractious G-20 summit in Germany, Trump will take part in a gathering […]
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Europe's markets watchdog wants narrower sovereign rating release time
Europe’s markets watchdog ESMA has told credit rating agencies to publish their European sovereign ratings reports in a tighter window, between 9 pm and 11 pm on Friday London time, sources have told Reuters. The idea, they said, is to create a “more level playing field”. Under European Union regulations, rating agencies including S&P Global, […]
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TWO more airports have joined Abu Dhabi in having a laptop ban lifted. On July 5th passengers flying from Dubai or Istanbul to America were told that they will once more be allowed to take large electronic devices into plane cabins, rather than having to stow them in the hold, which they have been required to […]
Read moreIt seems President Trump is ready to start rolling back globalization. Let’s hope he doesn’t blow up the postwar economic order. While Mexican negotiators waited for the United States to make its first move in its proposed renegotiation of the North American Free Trade Agreement, the president last week turned on the invective against another […]
Read moreTwo major changes in the mortgage market go into effect this month, and both could help millions more borrowers qualify for a home loan. The changes will also add more risk to the mortgage market. First, the nation’s three major credit rating agencies, Equifax, TransUnion and Experian, will drop tax liens and civil judgments from […]
Read moreAfter Donald J. Trump won the presidential election, Americans’ optimism about the economic future soared. But midway through the year, that optimism has not translated into concrete economic gains. This seeming contradiction exposes a reality about the role of psychology in economics — or more specifically, how psychology is connected only loosely to actual growth. […]
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G-20 meeting could make a 'big difference' to Trump’s credibility: BlackStone vice chair
This week’s G-20 meeting in Germany offers the U.S. president an opportunity to meet with world leaders on a one-to-one basis, which will help his credibility, according to John Studzinski, vice-chairman of investment firm The BlackStone Group. President Donald Trump will arrive in Poland later today, before heading to Hamburg in Germany for the G-20 […]
Read moreAfter a prolonged recovery that culminated in two years of record sales, the American auto industry is slowing down, with fewer buyers in dealer showrooms and fewer workers on the factory floor. Automakers said this week that sales dropped in June for a sixth consecutive month, falling by 3 percent from a year ago, a […]
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Shell director says refining business fundamental to paying off debt, maintaining dividends
Oil and gas giant Royal Dutch Shell has delivered far more cash from its downstream business than its upstream recently, Downstream Director John Abbott told CNBC on Wednesday, with the firm positioned to use the extra funds to pay off debt and maintain its dividends. “I have seen times in my 36 years in Shell […]
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