SYDNEY (Reuters) – U.S. oil prices rose on Friday on renewed optimism that a trade deal between Washington and Beijing could be struck, as investors have been fearing that a protracted tariff war would harm global economic growth. Brent crude futures were at $70.85 a barrel at 0021 GMT, up 48 cents, or 0.7 percent, […] Read more
“By the way, you see the tariffs we’re doing? Because they broke the deal. They broke the deal,” Trump said Wednesday. “So they’re flying in, the vice premier tomorrow is flying in — good man — but they broke the deal. They can’t do that, so they’ll be paying.” Trump added that the United States […] Read more
Turkey’s main opposition on Monday accused authorities of “plain dictatorship” after officials ordered a re-run of elections in Istanbul where President Recep Tayyip Erdogan’s party suffered a surprise defeat. CHP Deputy Chairman Onursal Adiguzel said it appeared “illegal” to defeat Erdogan’s AK Party after an election panel annulled the March 31 result. “This system that […] Read more
MILAN (Reuters) – Italian banks plan are set to take a 43 percent stake in troubled peer Carige under a 720 million euro (615.5 million pounds)rescue plan sponsored by U.S. asset manager BlackRock, the head of a banking fund said. Speaking to reporters on Monday after a meeting of the voluntary-contribution arm of Italy’s FITD […] Read more
Sen. Amy Klobuchar sat down with CNBC’s John Harwood to discuss the battle for the White House. Klobuchar is running in a crowded Democratic primary field for the right to face President Trump next year. Klobuchar argues that the American capitalist system needs “rebalancing” — and that more workers will unionize as economic inequality persists. […] Read more
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. 1/DOLLAR JUGGERNAUT The dollar has zipped to near two-year highs, leaving many scratching their heads. To many, it’s down to signs the U.S. economy is chugging ahead while the rest of […] Read more
The Federal Reserve’s preferred inflation gauge showed no change in March and remained well below the central bank’s target, a government report Monday showed. At the same time, consumer spending surged amid a jump in expenditures on motor vehicles and health care. The core personal consumption expenditures index, which strips out volatile food and energy […] Read more
In a bid to reach out to wider segments of society during last month’s local elections, Turkey’s main opposition Republican People’s Party (CHP) opted for a brand-new communication strategy, called Radical Love. Devised by political communication expert, Ates Ilyas Bassoy, the strategy is detailed in a book that is based on a comprehensive field study […] Read more
Launched in 2014, the Investment Plan for Europe – known as the ‘Juncker Plan’ – was introduced against a background of low levels of investment and sluggish growth in the aftermath of the economic crisis. It plotted a “roadmap for getting Europe back to work, to boost our economy.” But how much of an impact […] Read more
At least 29 people, most of them German tourists, died and 27 more were injured in a bus accident on the Portuguese island of Madeira on Wednesday, authorities said. The white bus overturned in a residential area in the coastal town of Canico, its mayor, Filipe Sousa, told reporters. TV images showed the vehicle on […] Read more
