Global Economy

admin August 30, 2018

THEY make an intriguing posse: about 160 “scouts” in jeans and muddy boots, jumping out of cars with ropes in hand, plunging deep into corn (maize) and soyabean fields across the American Midwest. They are not just farmers. They include commodity traders and hedge-fund managers. Their quest: to predict this year’s harvest by using ropes […]

admin August 29, 2018

Senator Bernie Sanders wants to slap a special tax on Amazon and other big companies that employ workers who collect food stamps and other public assistance. But Amazon disputes Sanders’ depiction, saying its pay and benefits are competitive with other retailers. The progressive icon from Vermont has been on the attack lately, posting a series […]

admin August 29, 2018

Economic growth for the second quarter was even better than we thought. US gross domestic product grew at an annualized rate of 4.2% last quarter, the Bureau of Economic Analysis reported Wednesday. That’s up from 4.1% in its first estimate. The new number is based on more complete data, which for the second quarter included […]

admin August 29, 2018

THE development, hundreds of years ago, of ship and cargo insurance was revolutionary. It marked the start of commercial insurance; protection against loss from looting, fire and the perils of the high seas fostered global trade. But in the 21st century the value of companies consists less of solid objects, such as boats and buildings, […]

admin August 28, 2018

If you’re a real estate agent, odds are you haven’t been closing as many deals lately. A slowdown in new construction and a short supply of existing homes for sale have pushed housing prices so high that would-be buyers are either finding themselves in bidding wars or sitting on the sidelines. “We’re hearing things from […]

admin August 24, 2018

Texas has been flexing its global oil muscles. For the first time, the Lone Star state’s biggest port district recently exported more crude oil than it imported, according to the Energy Department. It’s a big achievement that highlights a surge in US oil exports, and that shows how the shale boom can make America less […]

admin August 24, 2018

President Donald Trump has a warning for Washington and Wall Street: Impeachment would tank the stock market. “I think that if I ever got impeached, the market would crash,” Trump told Fox News in an interview that aired on Thursday. “Everybody would be very poor.” Impeachment proceedings could very well rattle investors. Stocks could retreat […]

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 […]