President Trump has signed off on a trade agreement with China to avert tariffs set for Dec. 15, according to people familiar with the matter. Nick Note: this was a guaranteed event. He needed to kill the impeachment headlines. this Phase I deal is a joke. it is a nothing burger. The global economy will …
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United States President Donald Trump said on Thursday Washington is nearing a “big deal” on trade with China “Getting VERY close to a BIG DEAL with China. They want it, and so do we!” Trump tweeted. The comments come after reports that Trump was meeting his trade and economic advisors today to discuss the trade …
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Volcker died Sunday at age 92. An excerpt of the afterword was published Wednesday in the Financial Times. He guided the Fed from 1979-87 and led the … Three months before he died, former Federal Reserve Chairman Paul Volcker issued a scathing critique against President Donald Trump and the “movement to undermine Americans’ faith in …
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by .8 million barrels from the previous week. At 447.9 millionbarrels, U.S. crude oil inventories are about 4% above the five year average for this time of year. U.S. crude oil refinery inputs averaged 16.6 million barrels per day during the week …
Continue reading “EIA Weekly Petroleum Data for the week ending December 6, 2019”
RIYADH/DUBAI (Reuters) – Saudi Aramco shares surged the maximum permitted 10% above their IPO price on their Riyadh stock market debut on Wednesday, in a move hailed by the government as a vindication of its towering $2 trillion valuation of the state oil company. The shares leapt to 35.2 riyals ($9.39) each, up from the …
Continue reading “Saudi Aramco IPO: Oil giant nears $2trn valuation on opening day”
The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 1.4 million barrels for the week ended Dec. 6, according to sources. The API data also reportedly showed stockpile increases of 4.9 million barrels for gasoline and 3.2 million barrels for distillates. Inventory data from the Energy Information Administration will be released …
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Boris Johnson has said an investigation is needed into the source of leaked documents on UK-US trade negotiations posted on Reddit. Labour says the documents show the NHS would be at risk under a post-Brexit trade deal with the US. On Friday, forum website Reddit said unredacted documents were uploaded as “part of a campaign …
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https://youtu.be/6L24A_rKs54 Washington — The September mayhem in the US repo market suggests there is a structural problem in this vital corner of finance and the incident was not just a temporary hiccup, according to a new analysis from the Bank for International Settlements (BIS). This market, which relies heavily on just four big US banks …
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Boris Johnson holds a double-digit lead in opinion polls ahead of a crucial vote to decide Brexit’s fate LONDON—British Prime Minister Boris Johnson holds a double-digit lead in opinion polls as Britain prepares to vote Thursday in a crucial general election that will determine Brexit’s fate. If reflected in the election, the lead would be …
Continue reading “Britain Gears Up for Its Most Divisive Election in Decades”
People watch a TV news program reporting North Korea’s announcement with a file footage of North Korean leader Kim Jong Un, at the Seoul Railway Station in Seoul, South Korea, Sunday, Dec. 8, 2019. North Korea said Sunday it carried out a “very important test” at its long-range rocket launch site that U.S. and South …
Continue reading “N. Korea conducts ‘important test’ at once-dismantled site”