Tag: banks

THE UNITED STATES IS APPROACHING THE POINT OF NO RETURN

I remember how it all started. In May 1985, Michail Gorbachev introduced fundamental reforms which became known as Perestroika. People of the USSR used to the structured or planned information release. Pretty much as the […]

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Here’s who wins with the new US-China trade deals

As businesses in the United States, China and beyond sorted through the details of the new U.S.-China trade agreements, many said they are disappointed that the 100-day plan missed larger issues such as overcapacity, forced […]

Oil settles at $47.82, up 16 cents following mixed weekly US stockpiles data

CNBC: Oil prices eked out gains on Wednesday in a volatile session as the market mulled U.S. government data showing that while there were signs a crude glut may be receding, crude inventories remain large […]

Economic and market highlights

There are plenty senseless oil and gas forecasts published by leading financial institutions as an attempt to convince people that oil and gas companies will soon be profitable again due to improvement of crude oil […]

Is it just unreasonable optimism?

In January 2017, JPMorgan published “2017 Economic Outlook. Seven key economic trends in 2017”. The report highlights an encouraging likelihood of positive economic development. The report highlights that tax cuts for businesses and households combined […]

What is behind Tillerson’s statement on upcoming “comprehensive review” to determine the U.S. strategy on Iran?

The statement made by Secretary of State regarding Trump’s administration intent to conduct “comprehensive review” on Iran, initially seemed to be surprising. I could not understand why would the U.S. government decided to do it […]

FTSE gives up 2017 gains as sterling weighs, Burberry drops

Britain’s top share index came under pressure once again on Wednesday, giving up the gains it had made in 2017 as sterling held close to a six-and-a-half-month high after Prime Minister Theresa May called for […]

Former MI6 chief Richard Dearlove says Donald Trump borrowed money from Russia during 2008 financial crisis

The former head of MI6 has said Donald Trump borrowed money from Russia for his business during the 2008 financial crisis. Richard Dearlove told Prospect Magazine that “what lingers for Trump may be what deals – on what […]

Trump’s top economic adviser says Washington is a ‘s—show’

Gary Cohn, the director of the National Economic Council and former president of Goldman Sachs, is enjoying his new role as an increasingly influential adviser to President Donald Trump, but he says Washington is a […]