The Fed did a lot of heavy breathing over “trade uncertainty” and “trade tensions” during the September 17-18 FOMC meeting, according to the minutes, released this afternoon. The word “trade” was mentioned 26 times in...
The attacks on Saudi Arabia’s largest oil-processing plant at Abqaiq and its second-largest oil field in Khurais on Saturday knocked out about 5.7 million barrels a day of output – about half of Saudi production...
Outgoing ECB President Mario Draghi achieved his goal of further cuts to interest rates and the renewal of bond buying for the euro area. But some policymakers are skeptical that the move was necessary. European...
China’s exports to the US were down year-on-year in August. The dive follows July’s surprise growth and comes amid a high-pressure campaign by Washington to coerce Beijing into signing a new trade deal. China’s trade...
A showdown between UK Prime Minister Johnson and Parliament over Brexit pushed sterling below $1.20. The euro is extended its losses after finishing last week below $1.10. Growth concerns are seeing equities retreat. Japanese and...
Hope triumphed over realism yesterday, and realism is fighting back toward. Asia Pacific markets, however, traded on the echo from the recovery in North America on Monday. The MSCI Asia Pacific recouped part of yesterday’s...
The chase for yield in a central-bank manipulated low-interest-rate environment is very costly, as brain-dead buyers of Argentina’s dollar-denominated and euro-denominated bonds found out. These junk bonds were issued with great Wall-Street hype in 2016...
International trade has been a driving force in the growth of the global GDP and the US-China trade war has been denting the global growth prospects to a certain extent. The US-China trade war has...
Overnight, China has published as usual data miraculously soon after the end of the period to which they relate. The way had been prepared for a drop in Q2 GDP to a 27-year low of...
The Modi 2.0 Government has come out with its Budget 1.0. As wide expected, the objective of becoming a $ 5 trillion economy has driven this budget and it reverberates all the initiatives announced in...
As expected by nearly everyone except the futures market, the Fed did not cut rates last week and predicted only one in the future and not until next year. This contrasts with the futures market...
In a bid to boost drug innovation and local manufacturing under Make in India program, Government of India has brought in multiple regulatory reforms. The recent notification of New Drugs and Clinical Trial Rules (“Rules”)...
