Now that the risk of a hung parliament and a second Brexit referendum have been averted following the resounding majority of the Conservatives, UK PM Johnson has the field open to introduce the Withdrawal Agreement Bill negotiated earlier in October 2019 with EU leaders to the UK Parliament...
Now that details of the Phase One deal are getting finalized and partial tariffs rollback are subsequently published, the People’s Bank of China is determined to keep up with easing of monetary policy. After cutting its 7-day reverse repo rate to 2.50% (prior: 2...
Broadcom Inc. is looking to sell one of its wireless-chip units, a move that would accelerate the company's shift away from its roots as a semiconductor maker...
The boards of Peugeot maker PSA Group and rival Fiat Chrysler Automobiles NV on Tuesday backed a binding merger agreement that includes sweeteners to make the trans-Atlantic tie-up more attractive to U.S. regulators and PSA shareholders, according to people familiar with the discussions...
Without additional details with regard to the US – China trade deal along with rumors of potential export quotas for the sale of chips to Chinese tech company Huawei, investors are willing to favor safe-haven currencies ahead of year-end as the best-case scenario is already priced in...
As investors are slowly preparing for end-of-year holidays and trading activities are set to decline in the coming days, investors remain majorly concerned by current broader risk events such as the Sino-American trade discord or Brexit...
Boeing Co. said it would suspend production of its 737 MAX jetliner, in an escalation of the crisis facing the aerospace giant that will ripple through the global aerospace industry...
The U.S.-China trade deal marks a step toward integrating two economic systems, capping an important week for American trade policy, U.S. Trade Representative Robert Lighthizer said. Mr. Lighthizer, President Trump's lead trade negotiator, on Sunday also praised the U.S...
By Vincent Mivelaz Last week hectic agenda finally looked much better than initially feared as both Brexit and US – China trade headlines appeared more than satisfying while the Fed seems holding to its plan...
The Federal Open Market Committee (FOMC) statement, Summary of Economic Projections (SEP), and Fed Chair Jay Powell's news conference all indicate that the Fed expects to remain on hold for a considerable length of time...
Unless you are living under a rock, you have heard of the convincing victory of the conservative party in the UK election. While the count is not final, Boris Johnson Conservative has secured 364 out of 650 seats (the majority of 78) significantly lowering uncertainty...
The Federal Reserve held its benchmark interest rate steady and signaled no appetite to raise it anytime soon. After lowering rates at their three previous meetings to guard the U.S...
The outcome of the last FOMC meeting was mostly in line with expectations. Little changes were made to the statement and the tone of the press conference suggested that the committee is comfortable with the current policy set-up...
A New York state judge found Exxon Mobil Corp. not guilty of fraud, saying that the New York state attorney general had failed to establish the oil giant had deceived its investors about how it accounted for the cost of future climate-change regulations...
Merck & Co. said it is buying ArQule Inc. for about $2.7 billion, adding to its portfolio of cancer treatments beyond the company's top-selling immunotherapy drug Keytruda. The purchase price, at $20 a share in cash, is more than double Friday's closing price of $9...
Global equities fell lower on Tuesday morning ahead of tomorrow FOMC meeting, with front month futures on the S&P 500 erasing Friday’s gains. The effect of the better than expected NFP figures didn’t last long. S&P futures are down 0...
OPEC and its allies completed a new production pact to deepen their oil-output cuts, delegates said Friday...
Asian markets has opened on a positive note following Friday's US equity markets strong upside reversal. Supporting renewed risk appetite is news that China had allowed exclusion of key US agricultural good from tariffs, lowering worries of escalation between US-China on the 15th...
With just one week to go before the UK general election, opinion polls show the opposition Labour Party gaining ground...
