Oil Falls on Demand Concerns and Oversupply

Oil slipped to around $60 a barrel on Friday as concern about a slowdown in the global economy and oil demand outweighed hints of progress in the U.S.-China trade dispute. The Organization of the Petroleum Exporting Countries and the International Energy Agency (IEA) both issued reports this week pointing to an oil surplus next year, […]

US Peter Navarro Calls for Investor to be Patient Ahead of US-China Trade Talks

White House adviser Peter Navarro on Tuesday called for investors, the public and others to be patient ahead of key U.S.-China trade negotiations planned for next month between top officials in Washington. “If we’re going to get a great result, we really have to let the process take its course,” Navarro said in an interview […]

Peter Navarro Confident US Congress Will Pass USMCA

President Donald Trump’s trade advisor Peter Navarro believe’s it’s certain that Congress passes landmark trade legislation known as the United States-Mexico-Canada Agreement before the end of the year. “I’m going to give it a 100% here because it’s so important for this country and I can’t imagine that Nancy Pelosi would not put this on […]

IMF Will Continue to Work with Government to Stabilize Economy

The International Monetary Fund is continuing talks with Argentina as authorities there try to stem spiraling economic problems in Latin America’s third-largest economy, IMF spokesman Gerry Rice told reporters on Thursday. He said senior Argentine and IMF officials would meet in Washington later this month, noting that complex market conditions and policy uncertainty made the […]

What is Next for Brexit?

With the U.K Parliament now shuttered for five weeks and the recent political turmoil throwing up more questions than answers, analysts have been busy contemplating what could happen next in Britain as it approaches its Brexit deadline. The shutdown of Parliament — known as prorogation — will see lawmakers reconvene on October 14. The suspension […]

Ireland is Sceptical of UK's Brexit Strategy

Ireland’s finance minister warned that the country’s government remains “highly skeptical” about proposals advocated by Britain’s prime minister to avoid the need for infrastructure on the U.K.’s border with Ireland after Brexit. U.K. premier Boris Johnson had visited Dublin Monday for talks with his Irish counterpart, Leo Varadkar, and insisted that trusted trader schemes and […]

UK Prime Minister Loses Snap Election But Fights Back Against Brexit Extension

U.K. Prime Minister Boris Johnson has lost a second bid to hold a snap election, making it more likely that he will have to ask the EU for an extension to the current Brexit deadline. Only 293 out of 650 lawmakers in the lower house of parliament supported the government’s proposal — falling short of […]

Moody's Downgrades Ford's Credit Rating to Junk

Moody’s Investors Service has downgraded Ford’s credit rating to junk status. The service says it expects weak earnings and cash generation as Ford pursues a costly and lengthy restructuring plan. Ford responded with a statement saying that its underlying business is strong and its balance sheet is solid. The rating for Ford’s senior unsecured notes […]

Bond Yield Rise Ahead of ECB Decision on Thursday

Global bond yields rose on Tuesday, amid growing caution over the extent to which the European Central Bank will add stimulus to boost an ailing economy this week and rising hopes that Berlin could loosen its purse strings. Germany’s 30-year benchmark bond yield DE30YT=RR briefly broke into positive territory for the first time in more […]

US Equities Drop as ISM Signals a Contraction in August

U.S. stocks fell on Tuesday as data showed factory activity shrank for the first time since 2016 in August, renewing fears that a drawn-out trade war between the United States and China could tip the world’s largest economy into recession. The Institute for Supply Management said its index of national factory activity dropped to 49.1, […]