Talks to update the NAFTA trade deal enter a make-or-break week on Monday, as ministers from Canada, the United States, and Mexico seek to resolve an impasse in key areas before elections in Mexico and the United States complicate the process. Discussions in Washington will center on rules of origin that govern what percentage of […]
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It’s ‘embarrassing’ to hold cash but there are few alternatives, says investment manager
High valuations across different assets classes are posing very few alternatives to investors, one investment manager told CNBC, adding he would rather sit on cash. The surge in valuations, mostly seen throughout 2017, has made equities, bonds and currencies more expensive for those who want to invest in these categories. As a result, some money […]
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After one year in office, productivity should be the focus for Macron; says former bank governor
French President Emmanuel Macron has to focus on improving productivity levels as the next step in a series of reforms, a former governor of the Bank of France told CNBC Monday. Macron, who won the final round of the French presidential race a year ago, has so far managed to fulfil two of his campaign […]
Read moreEuropean markets are expected to tick higher on Monday, boosted by a solid session seen out of Asia and crude markets. Looking to Europe, the CAC is expected to open 22 points higher at 5,538, while the DAX is poised to start the day up 58 points at 12,877, according to IG. Peripheral markets such […]
Read moreSupply is tight, prices are soaring and mortgage rates are rising. That shouldn’t exactly add up to a happy housing market, and yet, it does. Consumer confidence in housing jumped to its highest level on record in April, according to a monthly sentiment index from Fannie Mae. Of the index’s six components, only the share […]
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Trump's gun comments 'not worthy of the president of the world’s greatest superpower,' France says
U.S. President Donald Trump caused anger in France and Britain by suggesting looser gun laws could have helped prevent deadly attacks in Paris in 2015 and linking knife crime in London to a handgun ban. In a speech to the National Rifle Association (NRA) on Friday, Trump mimicked the shooting of victims in the Paris […]
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START with the good news from the trade negotiations between China and America. After weeks of threatening tariffs and counter-tariffs, representatives from the world’s two biggest economies are at last talking. Over two days of meetings in Beijing, which ended on May 4th, Chinese and American officials laid out their grievances and their demands. That, […]
Read moreCalifornia‘s economy has surpassed that of the United Kingdom to become the world’s fifth largest, according to new federal data made public Friday. California’s gross domestic product rose by $127 billion from 2016 to 2017, surpassing $2.7 trillion, the data said. Meanwhile, the UK’s economic output slightly shrunk over that time when measured in U.S. […]
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May 4th 2018| BUENOS AIRES THE message to markets could not have been clearer. On the morning of May 4th, following a run on the peso, Argentina’s central bank raised interest rates by 6.75 percentage points, its third hike in a week. The interest rate now stands at 40%, up from 27.25% on April 27th. […]
Read moreThe cryptocurrency industry is getting so hot that dedicated career services are popping up. On Thursday, CoinDesk, a leading source of cryptocurrency news and organizer of major industry conferences, launched an online “Career Center” with job listings. It’s “no secret demand for blockchain skills is high and that finding talent is a real difficulty,” Jacob […]
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