Sterling rose sharply against the dollar Tuesday after optimistic comments on Brexit from European negotiator Michel Barnier were backed up by reports that a draft legal text over the divorce was being drawn up. “Our team(s) are working hard, and work has just started now today, this work has been intense over the weekend and […] Read more
The United Kingdom’s sluggish economy looks to have dodged recession in the run-up to its deadline for leaving the European Union this month, official data showed on Thursday. Gross domestic product in the three months to August was 0.3 percent higher than in the previous three months, beating all forecasts in a poll of economists […] Read more
The U.S. economy is actually looking “quite robust” thanks to a healthy labor market and higher consumer spending, Steve Schwarzman, the co-founder, chairman and CEO of Blackstone Group, told CNBC Monday. A slew of disappointing economic data last week suggested the ongoing U.S.-China trade war was starting to take its toll, fueling concerns of a […] Read more
India’s central bank on Friday cut its benchmark repurchase rate for the fifth consecutive time this year as it continues a concerted push to reinvigorate a stuttering economy. The Reserve Bank of India (RBI) lowered the repo rate by 25 basis points to 5.15% with five members of its Monetary Policy Committee voting in favor, […] Read more
Trade tariffs between the U.S. and Europe would precipitate a “snowball effect” and the world may soon enter “very precarious waters” if we don’t acknowledge the benefits that stem from international cooperation, the head of the UN agency for workers and employers told CNBC. Guy Ryder, director general of the International Labour Organization (ILO), said […] Read more
Sales of newly built homes in August hit the second highest level in over a decade. Those numbers were released just after a homebuilding analyst at Raymond James upgraded Toll Brothers, Lennar and KB Home to “outperform.” “We had been on the road with some builders, and they were displaying levels of confidence in current […] Read more
The Republican National Committee paid over $160,000 to a law firm that is defending former Trump campaign manager Corey Lewandowski. The payment was made a month before his testimony in front of the House Judiciary Committee. The RNC paid $166,390 to the office of Mintz Levin for “legal and compliance services,” according to the committee’s […] Read more
Between the West End and Regent Street, a stone’s throw away from busy Piccadilly Circus, is a 60-bedroom boutique hotel and private members club tucked away in a quiet dead-end street. St James’ ideal location for first-time tourists and more experienced Londoners alike drew me in. I wanted to experience a luxury night out in […] Read more
Ukrainian President Volodymyr Zelensky is under pressure over how he will resolve a long-running dispute regarding a nationalized bank and its former oligarch owner. How he proceeds could be a “deal-breaker” as to whether Ukraine’s international creditor, the International Monetary Fund (IMF), gives the country a further much-needed aid program, experts say. The dispute centers […] Read more
Oil prices soared after a coordinated attack hit the heart of Saudi Arabia’s oil industry on Saturday, forcing the kingdom to cut its oil output in half. Brent crude futures, the international benchmark, rose as much as 19.5% to $71.95 per barrel at the open, the biggest intraday jump on record. By 9:43 a.m. ET, […] Read more
