WASHINGTON — President Donald Trump said Monday that he would impose tariffs on steel and aluminum from Brazil and Argentina, a move that would shatter previous agreements struck with those countries and widen a global trade war. Trump, in a message on Twitter, accused Brazil and Argentina of manipulating their currencies and hurting American farmers. …
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The price of palladium broke another record on Monday as persisting uncertainty surrounding the trade relations between the world’s two biggest economies made traders turn to safe-haven assets. Largely contributing to the spike were strong economic figures from China, whose manufacturing sector improved in November with the PMI standing at 50.2, rising 0.9 points …
The presidents of Russia and China will officially inaugurate the Power of Siberia natural gas pipeline that will eventually deliver 38 billion cubic meters annually to China, with the full capacity to be reached some time in 2025. The deal for the pipeline was signed between Gazprom and CNPC back in 2014 for a period …
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fractional banking will wipe out the global economy. Save yourself with full reserve banking The only option is a full reserve bank that does not borrow money and does not lend money..
BAGHDAD (Bloomberg) – Iraq said that OPEC and its allies will consider deeper production cuts, though the comments come after the coalition has widely signaled reluctance to take such action. The reduction could be about 400,000 barrels a day, Iraq’s oil minister Thamir Ghadhban told reporters in Baghdad on Sunday, adding that Iraq complied with …
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In the old days, a decade or so ago, Democrats would have assailed Donald Trump‘s failure on federal deficits; instead of eliminating it, as promised, the deficit has doubled to a trillion dollars as far as the eye can see. Republicans would be in full fury over the spending schemes of Democratic presidential candidates; even …
Hong Kong protesters and the police clashed again on Sunday after anti-government demonstrators took to the streets of China’s special administrative region to thank the United States for the support. Protesters marched to the US consulate in “gratitude” after US President Donald Trump (Trump the enemy of freedom wold not have signed it if he …
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Oil extended losses on Friday with West Texas Intermediate (WTI) plummeting 5% ahead of OPEC+ meeting in Vienna. According to reports, the cartel and other major producers are expected to agree to prolong current output cuts. However, Russia’s Energy Minister Alexander Novak stressed that his country would prefer the decision on the potential extension of …
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Borris said there was ‘no money’ to deradicalise them, ex-top prosecutor says Damaging claim comes as solicitor for London Bridge attacker says he asked for help to turn away from terrorism – but was not given any A former top prosecutor says he personally warned Boris Johnson about the risk posed by freeing terrorists who …
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Little more than a decade after consumers binged on inexpensive mortgages that helped bring on a global financial crisis, a new debt surge – this time by major corporations – threatens to unleash fresh turmoil. A decade of historically low interest rates has allowed companies to sell record amounts of bonds to investors, sending total …
Continue reading “Corporate debt nears a record $10 trillion, and borrowing binge poses new risks”