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Money markets slash rate cut expectations after EU and Britain seal Brexit deal

Money markets slash rate cut expectations after EU and Britain seal Brexit deal Money markets further scaled back expectations for interest rate cuts from European Central Bank of England after Brussels and London announced that they had agreed ...
17.10.2019

UK government puts pressure on US over whisky tariffs; trade minister says

UK government puts pressure on US over whisky tariffs; trade minister says Britain is putting pressure on the United States to rethink a decision to impose tariffs on Scottish whisky, trade minister Liz Truss said on Thursday. The United States ...
17.10.2019

German car parts supplier Brose to cut 2,000 jobs as auto sector struggles

German car parts supplier Brose to cut 2,000 jobs as auto sector struggles German autos supplier Brose Group said on Thursday that it was cutting over 2,000 jobs in Germany in the coming years due to a slump in earnings. The car parts supplier ...
17.10.2019

Italy to introduce tax on digital companies in 2020

Italy to introduce tax on digital companies in 2020 Italy has approved a new tax on digital companies as part of its 2020 draft budget along with plans to introduce the new measures next year. The levy will oblige web-based companies to pay ...
16.10.2019

Kazakhstan’s Kashagan oil output falls due to unplanned maintenance

Kazakhstan’s Kashagan oil output falls due to unplanned maintenance Production of oil and gas condensate at Kazakhstan as its Kashagan project decreased due to unplanned maintenance according to the energy ministry. While it declined ...
16.10.2019

European shares dip as Brexit talks continue

European shares dip as Brexit talks continue European shares dipped on Wednesday as uncertainty over the outcome of London’s last-ditch Brexit talks with Brussels kept investors on the sidelines. Brexit negotiations will resume in Brussels ...
16.10.2019

Analysts see Trump’s hailing of $50 billion in Chinese farm purchases as “meaningless”

Analysts see Trump’s hailing of $50 billion in Chinese farm purchases as “meaningless” China is still distant from buying $50 billion worth of agricultural goods from the United States according to analysts from the industry. ...
14.10.2019

South Africa is working to attract private investors; Ramaphosa says

South Africa is working to attract private investors; Ramaphosa says South African President Cyril Ramaphosa told the Financial Times Africa Summit that the country was working to restore its institutions and secure private investment in order ...
14.10.2019

China’s copper imports soars to eight-month high

China’s copper imports soars to eight-month high China’s copper imports rose 10.15% in September, making it their highest in eight months as high prices drew shipments to Shanghai, the world’s top consumer of the metal. According ...
14.10.2019

China’s September exports expected to drop by 3%

China’s September exports expected to drop by 3% China’s exports fell at a slightly faster pace in September as reducing global demands and U.S. tariffs intensified. Meanwhile, imports shrank for a fifth month straight, suggesting ...
11.10.2019

Brexit deal likely to be reached by October 31; Irish PM says

Brexit deal likely to be reached by October 31; Irish PM says Irish Prime Minister Leo Varadkar said on Thursday that he believed a Brexit deal was likely to be reached on October 31. The Prime Ministers of the U.K and Ireland released a joint ...
11.10.2019

No-Deal Brexit could cost Ireland 73,000 jobs; central bank says

No-Deal Brexit could cost Ireland 73,000 jobs; central bank says A no-deal Brexit could cost Ireland more than 73,000 jobs over the next two years, the nation’s central bank said. According to the bank’s speculations, if the U.K. ...
11.10.2019

India seeks safeguards in China-led trade pact

India seeks safeguards in China-led trade pact India wants safeguards to be built into a China-led trade pact to prevent a sudden surge in imports, the Indian trade ministry said on Wednesday. Negotiators for the 16-nation Regional Comprehensive ...
10.10.2019

U.S. futures flat ahead trade talks

U.S. futures flat ahead trade talks U.S. futures were flat on Thursday as investors remained cautious from mixed signals ahead of trade talks between the U.S. and China. The South China Morning Post reported that no progress has been made in ...
10.10.2019

U.S. blacklisting lowers China’s expectations for trade talks

U.S. blacklisting lowers China’s expectations for trade talks Following the U.S. blacklisting of several Chinese companies, China has lowered its expectations for significant progress from the week’s trade talks with the United ...
10.10.2019

Market sentiment fragile as U.S.-China talks and Brexit deals fade hopes

Market sentiment fragile as U.S.-China talks and Brexit deals fade hopes European stocks steadied on Wednesday but market sentiment remained fragile as negotiations for a Brexit withdrawal deal seemed all but dead. The sentiment carried on ...
09.10.2019

Exxon Mobil to sell Malaysian offshore assets worth $3 billion; Bloomberg reports

Exxon Mobil to sell Malaysian offshore assets worth $3 billion; Bloomberg reports U.S. energy giant Exxon Mobil is considering a sale of its Malaysian offshore assets for up to $3 billion, Bloomberg reported on Wednesday. Exxon is said to be ...
09.10.2019

Bank of England sets out rules of engagement for Facebook’s Libra

Bank of England sets out rules of engagement for Facebook’s Libra The Bank of England (BoE) had set out rules of engagement that Facebook’s cryptocurrency, Libra and other digital payment providers would meet before they can operate ...
09.10.2019

Zimbabwe hikes electricity prices, affecting impoverished consumers

Zimbabwe hikes electricity prices, affecting impoverished consumers Zimbabwe hiked its average electricity tariff by 320% on Wednesday in attempts to ramp up power supplies at a time of daily blackouts. However, the move has angered consumers ...
09.10.2019

Metro Bank founder quits amid fallout from accounting error

Metro Bank founder quits amid fallout from an accounting error Metro Bank shares jumped more than a quarter on Wednesday after its founder and chairman, Vernon Hill, quit following the wake of a significant accounting error that misclassified ...
07.10.2019
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