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The EU will be hit harder than Britain in case of Brexit with no agreement
Economic

The EU will be hit harder than Britain in case of Brexit with no agreement

The financial system of the EU will be harmed if Brexit goes without a deal, said Mark Carney, after one more hectic day in Parliament looked to budge the UK nearer to a way that he believes would produce huge economic repercussions in the country.


July 18, 2018
Bitcoin balloons to $7,400 in a matter of minutes
Bitcoin balloons to $7,400 in a matter of minutes

Bitcoin has soared 10% in the past few hours, after a massive upswing in volume. In just a single hour, cryptocurrencies as Bitcoin, Ether, EOS and...

Oil moves down weighed by growing U.S. inventories
Oil moves down weighed by growing U.S. inventories

Prices of oil slipped today after reports of U.S. oil inventories increase in the previous week, which goes counter forecasts of a sharp drop,...

Fed's chief believes U.S. economy is going the right course
Fed's chief believes U.S. economy is going the right course

Jerome Powell of the Fed yesterday said that in his view the U.S. is moving in the direction of solid growth for the coming several years, though...

July 17, 2018
Britain will get more new jobs through artificial intelligence
Britain will get more new jobs through artificial intelligence

UK will benefit from AI that is going to produce over 7 mln jobs in healthcare and education by 2037. It is a higher number than just compensating...

UK wages rise less regardless of sliding unemployment
UK wages rise less regardless of sliding unemployment

Wages in Britain grew at a lesser pace during the three months from March to May, even though unemployment kept decreasing, according to government...

Oil continues moving downward amid worries of excessive supply
Oil continues moving downward amid worries of excessive supply

Prices of oil slumped today as they had done yesterday, with potential supply breaks not causing concerns anymore and with investors tracking...

U.S. tariffs are going to damage global economy
U.S. tariffs are going to damage global economy

The world economy’s growth prospects have dimmed with the escalation of trade war and unbalanced expansion, said the IMF.

Dollar cuts gains ahead of Powell's testimony
Dollar cuts gains ahead of Powell's testimony

The dollar cut gains versus its main counterparts on Tuesday, moving lower as traders eyed Federal Reserve Chairman Jerome Powell’s first...

Asian shares dip as weak oil prices weigh
Asian shares dip as weak oil prices weigh

Asian shares were mixed on Tuesday, with a steep fall in crude prices hitting energy shares, while investors digested weak economic data out of China.

July 16, 2018
U.S. retail sales recorded firm growth in June
U.S. retail sales recorded firm growth in June

June’s retail sales in the United States strongly added, propelled by cars sold in bigger numbers, as well as other products, which confirms...

Oil prices on the wane, supply shortages are not expected
Oil prices on the wane, supply shortages are not expected

Oil dipped today with restart of operations at ports in Libya and subsided worries over disruptions, as traders followed possible gains in supplies...

UK homes fall in price as sellers abound
UK homes fall in price as sellers abound

Home prices in Britain are weighed by a jump in the number of people looking to sell their property, accompanied by a sparse buyers in summer...

China's growth goes in line with forecasts in the second quarter
China's growth goes in line with forecasts in the second quarter

The economy of China expanded at a yearly rate of 6.7% in the April-June period, according to the government figures, matching predictions.

Pound steady ahead of lawmakers vote on Brexit
Pound steady ahead of lawmakers vote on Brexit

Sterling was virtually unchanged versus the dollar and the euro on Monday before a debate in parliament that could lead to huge dissatisfaction...

European stocks advance despite weak China's data
European stocks advance despite weak China's data

Solid industrials and pharma sectors pushed European stocks higher on Monday while data showing slowdown in the Chinese economy capped the...

Dollar wobbles after largest weekly increase in a month
Dollar wobbles after largest weekly increase in a month

The dollar inched lower on Monday, having posted its largest weekly surge in a month last week as traders raised their long bets to the top since...

Asian stocks slide following weak Chinese economic data
Asian stocks slide following weak Chinese economic data

Asian stocks dropped on Monday after mixed China's economic numbers, while concerns over a full-scale Sino-U.S. trade war weighed on markets.

July 13, 2018
U.S. import prices decrease the biggest in June in more than two years
U.S. import prices decrease the biggest in June in more than two years

U.S. import prices slumped the biggest in over two years last month thanks to a slide in petroleum prices and lessened costs of other products due...

China's exports to the U.S. beat imports by the biggest amount ever
China's exports to the U.S. beat imports by the biggest amount ever

China’s positive balance of trade with the U.S. reached a new maximum last month as total exports of the country expanded strongly, which...

Oil keeps near the same, but earlier price swings lead to weekly decreases
Oil keeps near the same, but earlier price swings lead to weekly decreases

Prices of oil stayed almost at one level today as preceding sharp fluctuations during the week have resulted in a weekly drop of both benchmarks...

Broadcom’s shares plummet after its agreement to acquire CA
Broadcom’s shares plummet after its agreement to acquire CA

Broadcom, a chip manufacturer, had its market value plunge by around $18.9 bln after making a bid to purchase software firm CA Inc for the same...

European stocks on track for second week of gains
European stocks on track for second week of gains

European stock climbed in early trading on Friday, on course for a second straight week of gains as concerns of a full-blown trade war eased and...

Pound dips following Trump's comments
Pound dips following Trump's comments

The pound lost half a percent, edging to a 1-1/2 week trough on Friday, as a broadly strong dollar and comments by President Donald Trump that...

Euro drops as trade war supports dollar
Euro drops as trade war supports dollar

The euro slumped to an eight-day trough on Friday as U.S. inflation data triggered interest rate anticipations and an easing in trade row between...

Asian stocks extend rebound but trade spat limits gains
Asian stocks extend rebound but trade spat limits gains

Asian stocks continued to recover on Friday, as traders turned their attention to bullish anticipations for Wall Street financial results and as a...

July 12, 2018
U.S. consumer prices showed next to no growth in June
U.S. consumer prices showed next to no growth in June

Consumer prices in the United States remained nearly unchanged last month, though the fundamental trajectory still indicated a firm rise in...

U.S. companies in China do not support tariffs
U.S. companies in China do not support tariffs

The biggest part of U.S. firms in China are against the retaliatory tariffs as they have to work in a challenging environment, which includes...

ZTE struck an agreement with the U.S.
ZTE struck an agreement with the U.S.

ZTE, a Chinese tech firm, has reached an accord with the U.S. allowing it to move forward with business activity.

UK government approves 21st Century Fox bid for Sky
UK government approves 21st Century Fox bid for Sky

The UK government does not intend to block deal for Rupert Murdoch's 21st Century Fox to buy pan-European broadcaster Sky.

Oil jumps following IEA warning
Oil jumps following IEA warning

Crude prices soared on Thursday, reversing the previous session's steep declines when Libya announced it would resume exports.

Pound climbs ahead of Brexit white paper
Pound climbs ahead of Brexit white paper

Sterling gained on Thursday as investors believed that a long-awaited Brexit blueprint could help restart talks on trade relations between the...

Dollar stable at 1 1/2-week peak, U.S. price data in focus
Dollar stable at 1 1/2-week peak, U.S. price data in focus

The dollar was steady near a nine-day peak on Thursday, underpinned by concern U.S. inflation pressures will accelerate, though worries about...

European shares edge up, shrugging off trade spat concerns
European shares edge up, shrugging off trade spat concerns

European shares climbed on Thursday, recovering slightly after the previous session's selling that came on rising worries over a global trade war.

Asian shares recover, led by Chinese indexes
Asian shares recover, led by Chinese indexes

Asian stocks strongly rebounded on Thursday as markets tried to consolidate from the previous session’s sharp declines when concerns over an...

July 11, 2018
U.S. index of producer prices adds boosted by services sector
U.S. index of producer prices adds boosted by services sector

Manufacturer prices in the U.S. grew exceeding forecasts last month due to rise in services and cars costs, causing the highest jump in over 6 years.

China is flabbergasted by threats of more tariffs from the U.S.
China is flabbergasted by threats of more tariffs from the U.S.

The continued flow of new tariffs from the U.S. stuns Beijing, as Washington threatened to introduce more, ratcheting up the trade war even further.

Pound inches lower, BoE comments in focus
Pound inches lower, BoE comments in focus

Sterling inched down from $1.33 on Wednesday as traders digested the latest resignations of two key ministers and the possible impact on Prime...

Oil slides, Libya to resume export activities
Oil slides, Libya to resume export activities

World's crude benchmark Brent slumped more than $2 per barrel on Wednesday following U.S. threats to impose additional tariffs on Chinese...

Tesla announces building of a plant in Shanghai
Tesla announces building of a plant in Shanghai

Tesla plans to start a car manufacturing facility in Shanghai, said CEO Elon Musk yesterday. As of now its plants are located only in the U.S.

U.S. people leave jobs more in May than in any month since 2001
U.S. people leave jobs more in May than in any month since 2001

U.S. workers quit jobs in bigger numbers in May, yesterday’s official figures revealed, which is a positive signal about the state of the...

21st Century Fox increases its offer for Sky
21st Century Fox increases its offer for Sky

Rupert Murdoch's 21st Century Fox has upped its bid for UK broadcaster Sky to £24.5bn, overpassing its rival bidder Comcast for now.

European stocks slip as Sino-U.S trade tensions rise
European stocks slip as Sino-U.S trade tensions rise

European shares dropped in morning deals on Wednesday as a deepened U.S.-China trade row looked set to break a six-day streak of gains.


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