Business News
Don’t expect oil shocks to move the Fed
The weekend bombings of Saudi Arabia’s main oil refinery have already sparked U.S. President Donald Trump to pressure the Federal Reserve anew to lower rates.
Year: 2019
Business News
U.S.-China deputy-level trade talks to begin Thursday in DC: USTR
Deputy trade negotiators for the United States and China will meet in Washington beginning on Thursday, a spokesman for the U.S. Trade Representative’s office said on Monday.
Business News
Trump says Iran appears to be culprit for Saudi oil attacks
U.S. President Donald Trump said on Monday that it looked like Iran was responsible for attacks over the weekend on Saudi Arabian oil plants, but he was in no rush to respond and was still trying to find out who was behind the strikes.
Business News
U.S. lawmakers blast Iran, wary of war, after Saudi oil attack
Members of the U.S. Congress blasted Iran after the attack on Saudi Arabian oil facilities, but expressed wariness about U.S. military action, especially before they have a clearer picture of who was behind it.
Business News
U.S. Senate leader McConnell wants consequences on Iran for Saudi oil attack
U.S. Senate Majority Leader Mitch McConnell blamed Iran on Monday for the weekend attack on a Saudi Arabian oil facility and called for an international response.
Business News
U.S. crude export demand surges after attack on Saudi facilities
U.S. crude export demand at the Gulf Coast surged on Monday, traders said, as the window to export crude profitably to Asia and Europe was thrown open after attacks on Saudi Arabia’s oil facilities took out 5% of global oil supplies.
Business News
Factbox: What’s next for OxyContin maker Purdue Pharma
OxyContin maker Purdue Pharma LP filed for bankruptcy protection after reaching a partial deal to resolve more than 2,600 lawsuits alleging it helped fuel the U.S. opioid crisis.
Business News
Evidence points to Iran involvement in attack, says Saudi alliance, as oil prices soar
An attack on Saudi Arabia that triggered the biggest jump in oil prices in almost 30 years was carried out with Iranian weapons, a Saudi-led coalition said on Monday, as President Donald Trump said the United States was “locked and loaded” to hit back.
Business News
Wall Street drops after Saudi attacks, energy stocks spike
Energy stocks spiked while the rest of Wall Street fell on Monday after weekend attacks on Saudi Arabia’s oil facilities added to investors’ concerns about geopolitical risk and a slowing global economy.
Business News
Attack on Saudi Arabia ‘unprecedented’: U.S. defense secretary
U.S. Defense Secretary Mark Esper said on Monday the recent attack on Saudi Arabian oil facilities was “unprecedented” and the United States, along with its allies, was working to defend the “international rules-based order that is being undermined by Iran.”
Business News
Airbus, French exporters reel as U.S. tariffs loom in subsidy row
Shares in Airbus and French luxury goods exporters fell on Monday as the European Union acknowledged it may face U.S. tariffs in a long-running dispute over aircraft subsidies, part of an escalating tit-for-tat trade row.
Business News
Airbus sees no major 2019 impact from possible U.S. tariffs
Possible U.S. tariffs against Airbus aircraft and European parts are unlikely to have a major impact on the European planemaker’s 2019 results, but disruption cannot be ruled out, its chief executive said.
Business News
Factbox: U.S. prepared to tap emergency oil reserves, Perry says no decision yet
U.S. Energy Secretary Rick Perry said on Monday it was too soon to say whether the United States would tap emergency oil reserves after attacks in Saudi Arabia halved the crude output in the world’s largest oil exporter.
Trading Ideas
Today’s Emerging Markets Are Tomorrow’s Powerhouses
Today’s chart imagines the world economy 11 years from now. And emerging markets (EMs) are the stars of the show.
A recent forecast from Standard Chartered, a multinational bank based in London, shows that several developing economies are on track to become the world’s largest economies by 2030. China and India lead the pack in the 2030 forecast with projected GDPs of $64.2 trillion and $46.3 trillion, respectively. The U.S. holds the third spot, followed by Indonesia ($10.1 trillion) Turkey ($9.1 trillion) and Brazil ($8.6 trillion).
This is a giant flashing neon sign that investors should get into EMs if they haven’t …read more […]
Business News
Iran’s Rouhani says Aramco attacks were a reciprocal response by Yemen
An attack on Saudi Arabia’s Aramco oil facilities was a reciprocal measure by “Yemeni people” to assaults on this country, said Iranian President Hassan Rouhani on Monday, hours after a Saudi-led coalition said the attacks were carried out with Iranian weapons.