Global Economy

admin August 24, 2018

Aramco, Saudi Arabia’s crown jewel, may go down as the biggest IPO that never was. Proceeds from a blockbuster offering of the giant oil company, totaling up to $100 billion, were at the heart of a bold plan to wean the Saudi economy off its addiction to oil. But Aramco’s IPO, originally planned for this […]

admin August 24, 2018

President Donald Trump warned Thursday in a Fox News interview that “everybody would be very poor” if he were impeached. But how are Americans doing since Trump took office a year and a half? Depends on who you are. Certainly, the economy is doing well, and the unemployment rate has fallen to 3.9%. But the […]

admin August 23, 2018

Higher charges on international credit card payments. Extra taxes on parcels from Europe. More red tape for hospitals that import blood or organs for transplant. These are some of the potential consequences the United Kingdom will face if it crashes out of the European Union without a deal on trade, according to notices published Thursday […]

admin August 23, 2018

A few years after she started her own web design business, Nyasha Wooling got strep throat. Three times. In a month. To make matters worse, as the recession unfolded, she had lost her two biggest clients. If she had been at her previous job, she could’ve gone on disability or unemployment insurance. But as a […]

admin August 23, 2018

The success of the movie “Crazy Rich Asians” is drawing attention to the region’s growing wealth. The Hollywood hit about the heir to a Singapore family fortune bringing home his girlfriend from a much more modest background features moments of outrageously ostentatious behavior. The flashy habits on display will strike a chord with many residents […]

admin August 23, 2018

Stocks barely buckled after the White House endured one of its darkest days since Watergate. Unlike during previous moments of peril for President Donald Trump, investors were unfazed by the guilty plea from the president’s former personal lawyer Michael Cohen and the conviction of former campaign chairman Paul Manafort. The Dow dipped just slightly and […]

admin August 22, 2018

Russia has been selling US government debt and buying gold. A lot of gold. Official data show the Russian central bank increased its holdings of gold by nearly 29 tons in July, the largest monthly increase since November 2017. The central bank previously added 20 tons in May and 17 tons in June. Its total […]

admin August 22, 2018

The bull market turns 3,453 days old on Wednesday. It’s the longest period of uninterrupted gains in American history. The remarkable run began on March 9, 2009, in the ashes of the Great Recession and the scariest financial crisis since the 1930s. The slow-but-steady economic recovery, coupled with unprecedented aid from the Federal Reserve, catapulted […]

admin August 21, 2018

Brexit has already slammed the pound once. It could happen again. The currency would be put under severe pressure if Britain crashes out of the European Union next year without striking a deal on trade, according to analysts. “The day after the UK voted for Brexit, the pound suffered the biggest single day loss for […]

admin August 21, 2018

Coal is dying because of dirt-cheap natural gas. The rise of renewable energy isn’t helping. President Donald Trump is set to announce this week an effort to prop up coal by replacing Obama-era carbon emission policies known as the Clean Power Plan, according to The Washington Post and The New York Times. But the regulatory […]