Global Economy

admin July 27, 2018

Shares in Volkswagen (VLKAY), BMW (BMWYY), Fiat Chrysler (FCAU), Renault (RNLSY), PSA (PUGOY) and Daimler (DDAIF) advanced on Thursday, with some automaker stocks gaining as much as 5% in Europe. President Donald Trump and European Commission President Jean-Claude Juncker agreed on Wednesday to work toward eliminating tariffs and barriers on trade. While thin on details, […]

admin July 27, 2018

AS NAMES for market phenomena go, “inverted yield curve” lacks a certain punch. It is no “death cross” or “vomiting camel”. But what it lacks in panache, the inverted yield curve more than makes up for in predictive potency. Just before each of America’s most recent three recessions the yield curve for government bonds “inverted”, […]

admin July 27, 2018

Turkey could be the next emerging market to fall into crisis. The Turkish lira has dropped 2% against the US dollar since the country’s central bank shocked investors on Tuesday and left its key interest rate unchanged at 17.75%. The currency has now lost 27% of its value this year. Economists had been expecting the […]

admin July 26, 2018

“DEAR Donald, let’s remember our common history,” wrote Jean-Claude Juncker, the president of the European Commission, on a picture of a military cemetery in Europe that he presented to President Donald Trump during talks on July 25th. The reminder of shared values and sacrifices may have helped nudge the two men towards a truce in […]

admin July 26, 2018

Corporate America is caught in the crossfire of President Donald Trump’s trade war. The list of high-profile casualties from the tariffs is mounting. Iconic American companies as diverse as Harley-Davidson (HOG) and General Motors to General Electric (GE) and 3M (MMM) have all warned that rising costs from tariffs will eat into their profits. Even […]

admin July 26, 2018

One of Iran’s most famous export industries is warning of disaster when American sanctions snap back into place next month. The country’s carpet making industry employs hundreds of thousands of skilled weavers and earns hundreds of millions of dollars in export revenue. President Donald Trump’s decision to quit the Iran nuclear deal and reimpose sanctions […]

admin July 25, 2018

President Donald Trump hasn’t been shy about his distaste for high oil prices. But beyond sending angry tweets, there isn’t much he can do about them. Unlike leaders in the Middle East, Trump can’t simply order American oil companies to pump more oil. West Texas is already producing so much crude that it’s running out […]

admin July 25, 2018

Peter Davies watched as the UK steel industry was decimated by foreign competition, plunging prices and higher energy costs. Now he’s beginning to panic. The chief executive of Original Steel Services, which has four steelworks in the United Kingdom, has warned that tariffs imposed by the Trump administration are putting his company under pressure. Brexit […]

admin July 24, 2018

The Federal Reserve is expected to keep raising short-term interest rates this year — and the bond market has taken notice. The yield on the benchmark 10-year US Treasury isn’t far from 3%. Rates hit 3% in April for the first time since 2014 before eventually edging lower. Now yields are climbing again, but that […]

admin July 24, 2018

China is looking for new ways to pump up its slowing economy as a trade war with the United States escalates. Beijing has announced a range of measures including tax cuts, infrastructure spending and new loans to business as its tries to reinvigorate economic growth, which has begun to slow in recent months. The tax […]