Markets

Trump Goes on Anti-Immigrant Rant: They’re ‘Changing The Culture’ of Europe

Trump Goes on Anti-Immigrant Rant: They’re ‘Changing The Culture’ of Europe Rep. Adriano Espaillat, D-N.Y., born in the Dominican Republic, said Trump was "trying to throw gasoline on fire and begin a culture war, and it's unfortunate that he's divisive in the United States and he's divisive in Europe as well". Trump's anti-immigration rhetoric and policies have played a huge role in his 2016 election and presidency so far. One 20-year-old man from Hungary, who said he ... [Full Article...]

IEA Warning on Spare Capacity Continues to Underpin Prices

IEA Warning on Spare Capacity Continues to Underpin Prices USA benchmark West Texas Intermediate crude edged down 12 cents to $70.21 a barrel, after falling 5 cents in the previous session. On the bearish side this week, the surprise announcement by Libya to return oil to the market is being blamed for triggering steep losses on Wednesday. [Full Article...]

China not engaged in trade talks with U.S.: Beijing's Commerce ministry

China not engaged in trade talks with U.S.: Beijing's Commerce ministry Trump has railed against China's trade surplus with the U.S., which ran at $375 billion in 2017, and has demanded Beijing cut it. Washington has warned it may ultimately impose tariffs on more than $500 billion worth of Chinese goods - roughly the total amount of U.S. [Full Article...]

The NATO Summit got real messy after some Donald Trump shenanigans

The NATO Summit got real messy after some Donald Trump shenanigans But with Trump scheduled to meet with President Vladimir Putin of Russian Federation on Monday, the gathering was dominated by wrangling over money. So, to what new funding commitment is the president referring? Stoltenberg acknowledged that Trump had expressed himself in "very direct language" but insisted that away from the fiery rhetoric the allies all agree on fundamental issues: the nee... [Full Article...]

Trump ready to help some North Atlantic Treaty Organisation states buy USA arms

Trump ready to help some North Atlantic Treaty Organisation states buy USA arms Trump's attorney Rudy Giuliani similarly told The New York Times last week that public opinion about Mueller's probe is swinging toward the president. On Thursday, Trump said he wasn't troubled by the planned protests. According to CNN , he said: "I told people that I would be very unhappy if they didn't up their commitments very substantially". [Full Article...]

June inflation climbs to 5%, factory output growth slips

June inflation climbs to 5%, factory output growth slips Transportation and communication costs grew 6.18 percent in June from 5.31 percent a month ago, mainly due to higher petrol, diesel prices. Solid economic growth and supply bottlenecks have pushed inflation past the Federal Reserve's 2 percent target, after price gains had languished below that level for six years. [Full Article...]

Trump gears up for meeting with "competitor" Putin after rocky North Atlantic Treaty Organisation summit

Trump gears up for meeting with After a tense first day , Trump didn't ease up on the second. Everyone's agreed to substantially up their commitment. "They are going to up it at levels never thought of before". And in May, he took a victory lap on a supposed trade deal with China , only to see it morph into the beginnings of a trade war. So in a way, yes, he can claim credit for this because he's already been given credit for ... [Full Article...]

North Atlantic Treaty Organisation goes to emergency session after Trump reportedly gets undiplomatic with Merkel

French President Emmauel Macron said a North Atlantic Treaty Organisation communique released on Wednesday and agreed by all the allies including the U.S. Trump suggests he forced a great shift in the space of the past two days. So, to what new funding commitment is the president referring? Spanish Prime Minister Pedro Sanchez and Belgium Prime Minister Charles Michel were also singled out by ... [Full Article...]


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