Saturday, September 22, 2018
LONDON - World stocks drifted lower on Friday as the latest exchange of trade threats between the United States and China dampened risk appetite, while Italian bonds and shares in the country’s banks sold off on signs of renewed government tensions in Rome. The MSCI All-Country World Index, which tracks shares in...
BERLIN - German exports and industrial output both fell unexpectedly in July, hit by U.S. President Donald Trump’s protectionist trade policies and bottlenecks in the auto sector caused by new environmental standards. The Federal Statistics Office said on Friday that seasonally adjusted exports fell by 0.9 percent on the month,...
BEIJING - The current world trade system is not perfect and China supports reforms to it, including to the World Trade Organization, to make it fairer and more effective, Beijing’s top diplomat said. China is locked in a bitter trade war with the United States and has vowed repeatedly to...
Africa could soon be the largest free-trade area in the world. This is if the African Union’s Continental Free Trade Area (CTFA) stays on track to be operational by the end of this year. Once up and running, the continent-wide free trade zone could lead to a 52 percent...
The International Monetary Fund (IMF) which projected Zimbabwe’s 2017 real gross domestic product projections at 2 percent has since revised upwards the projection to 2.8 percent, showing bullish sentiments in the economy’s potential this year. Growth has been mainly anchored by dynamic growth in the agricultural and mining sectors, the...
JOHANNSUBRG — The rand scaled nine-month highs on Monday after Deputy President Cyril Ramaphosa became the new leader of the ruling African National Congress (ANC) party, succeeding President Jacob Zuma. Ramaphosa, a 65-year-old union leader who became a businessman and is now one of South Africa’s richest people, beat sole...
WASHINGTON. — Little action was expected at Wednesday’s US-China Comprehensive Economic Dialogue, but despite the low bar, the event still yielded lackluster results — an indication of further bilateral strains ahead. “It was a little bit of a disappointment,” said Nicholas Consonery, senior director at business advisory firm FTI Consulting. Small...
Twenty miles may have made a $150 billion difference. Estimates for the damage Hurricane Irma would inflict on Florida kept mounting as it made its devastating sweep across the Caribbean. It was poised to be the costliest U.S. storm on record. Then something called the Bermuda High intervened and tripped...
WALLDORF, Germany - SAP posted 2017 results on the lower side of market expectations after Chief Executive Bill McDermott had promised a “dynamite” final quarter in its cloud business, as Europe’s top technology company announced a $2.4 billion U.S. acquisition. Fourth-quarter non-IFRS operating profit rose by 6 percent in constant...
European officials think voters are more important than the institutions that buy their bonds, but that's a costly error. What are the powers that be at the European Union and European Central Bank thinking? They have now concocted a very dangerous scheme to buy back junior bank bonds that were “mis-sold”...