The Fed is finally bringing some reason to smile for President Trump by making two continuous 25-bps cut after a gap of nearly a decade. It remains to be seen whether, the US economy moves up...
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...
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...
The introduction of an additional 15% tariff on thousands of goods has ratcheted up the Trump-Xi trade war. Although fresh trade talks will resume later this month, Washington and Beijing continue the tough rhetoric. The...
Consumer credit – auto loans, student loans, and revolving credit such as credit card balances and personal loans, but not housing-related debt such as mortgages and HELOCs – grew 5.4%, or by $208 billion, in...
The US central bank cut interest rates for the first time since 2008, citing concerns about the global economy. The move comes amid economic uncertainties amid President Donald Trump’s trade wars and Brexit. The Federal...
Amid US efforts to isolate the company, Huawei has benefited from new 5G contracts and millions of smartphone sales. But the company’s chairman made clear that it “may affect the pace of our growth in...
EU foreign ministers meeting in Brussels are hoping to deescalate tensions between the US and Iran. Britain’s top diplomat says there’s still a “small window” of time to keep the 2015 nuclear deal alive. British...
It is far from clear that the US sanctions against nine Iranian officials, with the foreign minister to be added later brings negotiations any closer. At the same time, US officials trying to keep expectations...
India is primarily and widely known as an agrarian economy where the mainstay of a large chunk of the people is agriculture. More than 50% of the population either depends directly or indirectly on agriculture....
A global sigh of relief that the US will not tariff all its imports from Mexico. Equities are all higher, and the weekend demonstrations in Hong Kong over a bill allowing extraditions to the mainland...
Trump has used tariffs as a stick to threaten the US’s trading partners into submission, as in his spat with Mexico. But if the US cuts immigration from its southern neighbors, who will do the...