Gold, oil and Treasurys jump as Trump warns Russia missiles ‘will be coming’ at Syria
Gold, oil and Treasury prices jumped on Wednesday after President Donald Trump warned Russia that missiles “will be coming” to Syria via Twitter. Trump said in a tweet: “Russia vows to shoot down any and all missiles fired at Syria....
Global trading system is at risk of being ‘torn apart,’ warns IMF’s Lagarde
The globalized system that has transformed the world over the last generation is at risk of being completely dismantled amid aggressive turns toward protectionism, warned International Monetary Fund (IMF) Managing Director Christine Lagarde during a speech at the Asia Global...
ZUCKERBERG WINS ON WALL STREET: Facebook shares have best day in 2 years
Facebook shares surged 4.5 percent on Tuesday as CEO Mark Zuckerberg appeared before U.S. lawmakers on Tuesday. The stock was already up about 2.5 percent at 2:20 p.m. ET, around the time the hearing was set to begin. Facebook shares...
The market could be getting Xi’s speech wrong, it doesn’t mean there won’t be a trade war
If U.S. stock investors believe Chinese President Xi Jinping’s latest speech will significantly tone down the escalating trade dispute, some geopolitics analysts think otherwise. “There was nothing new in that speech. … What was included was incremental steps to expand...
Goldman Sachs cuts Tesla price target, predicts Model 3 disappointments and capital raise
Goldman Sachs still isn’t convinced Tesla will be able to meet even its Model 3 production targets. “We believe the sustainable production rate for the second quarter of 2018 is most likely below the 2,000 vehicle mark the company achieved...
New technologies transform cross-border payments space
By Anna Fedorova A key player in this space is Swift, which rolled out its global payments innovation (gpi) initiative in 2017 with the aim to create a fast and frictionless cross-border experience. So far, the service has already been...
US wholesale inventories increase solidly in February
U.S. wholesale inventories increased a bit less than initially estimated in February, but still suggested that inventory investment would contribute to economic growth in the first quarter after being a drag on output in the prior period. The Commerce Department...
Like flu season, the ‘infectious’ spread of bitcoin could be over, Barclays says
In order to value bitcoin and predict future prices, analysts at Barclays came up with a model that likens it to an infectious disease. Like flu season, the mania around cryptocurrency and subsequent price spikes could be coming to an...
Yen and Dollar Broadly Lower, Markets on Risk on Mode as Trade War Fear Temporarily Relieved
Japan Yen and, to a slightly lesser extent, Dollar suffer broad based selloff today as global markets return to risk seeking mode. Major European indices are generally higher with DAX up near 1% at the time of writing. CAC is...
Clydesdale’s Duffy seeks Virgin lands after merger green light
When he meets Euromoney in September, Clydesdale chief executive David Duffy is just back from a health check, and full of warnings about the risks of too much caffeine and sugar. David Duffy,Clydesdale Given his bank’s £1.7 billion merger with...
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