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Top Analyst Paints Four End Outcomes For Nafta Deal Negotiations

According to Chris Krueger, managing director at Cowen Washington Research Group, the trilateral talks between the U.S., Mexico and Canada, can have four "endgame scenarios".   And none of the outcomes are very encouraging. The worst case scenario according to Krueger is "blow it up and make...

China Ease Rules On Popular Air Routes, Foreign Firms To Face New Competition

China is set to relax its norms for Chinese carriers in aviation which will allow such companies to enter into 20 popular long-haul routes to China which are currently operated by foreign airlines. This will increase the competition in those routes.    According to data from Chinese...

U.S. Putting 'Knife To Its Neck' Making Trade Talks Very Difficult: China

China is finding it difficult to carry out trade talks with the United States while the Trump administration places a “a knife to China’s neck”, said a senior Chinese official on Tuesday.   Chinese Vice Commerce Minister Wang Shouwen said at a news conference that the chances of renewal of...

There Will Be Huge Rise In Global Crude Demand In 5 Years Time: Opec

A report by the oil carter Opec predicts that in the next five years, there would be a drastic increase in demand for petroleum – offsetting decrease in demand because of electric vehicles, which would see global crude production reaching record highs.   Significant upward revision of...

Danske Bank Reveals True Extent Of Money Laundering Scandal Worth €200bn

The outgoing chief of Denmark’s biggest bank has conceded that most of the funds out of the €200bn that passed through its Estonian branch were money that had been laundered in countries like Russia, the UK and the British Virgin Islands and were being pumped out of those countries.   “It is...

Chilean Avocado Exports Gaining Fast Popularity In China

The Chinese consumers have apparently developed a taste for the finer nutritional produce which has been a boon for Chilean avocado growers who are now exceedingly participating the Chinese market.   "We've had very good results," Francisco Contardo, general manager of Chile's Hass Palta...

IMF Says UK Economy To Be Hit By No-Deal Brexit

There would be "substantial costs" for the UK economy if there is a "no-deal" Brexit on World Trade Organization terms, warned the International Monetary Fund.   According to the IMF, costs would have to be paid for all of the possible Bresit scenarios but if there is no deal, the there...

Weekly Gains Recorded By US Stocks Despite Trade Issue And Dampening Data

Despite investor concerns over the escalating trade war between the United States and China, all of the three major indicators in the largest economy of the world did well in the week ending Sept. 14 primarily based on some positive data released in that time.   The Dow, the S&P 500 and...

Despite Talk Calls, Tariffs On China Of $200 Bn To Be Imposed By Trump: WSJ

According to a news report in The Wall Street Journal, despite the United States to China call for a start of another round of trade negotiations, the country’s president Donald Trump is getting ready to impose the third round of import tariffs on Chinese goods worth $200 billion.   ...

Tech Giants Could Need To Pay Billions To Publishers Under The New EU Copyright Act

The European Union passed a controversial change to its copy right law that will see technology companies such as Facebook and Google having to share \a greater portion of the revenues with music companies, film-makers and media publishers which to by many could run into billions of euros.  ...

Thinktank Says Fossil Fuel Demand Will Peak Globally In 2023

A group of experts predict that by 2023, there can be a peaking in the demand for fossil fuels globally which will result in a direct impact on the financial markets as there would potentially be no use of oil, coal and gas assets that would be worth trillions of dollars.   According to...

Emerging Markets Hit By Share And Currency Sell Offs

Trade war tensions and a strengthening US dollar hit a majority of emerging markets with fresh sell offs in shares and currencies and Indonesia, Saudi Arabia and China were the prominent ones to be hit.   Concerns among global investors about the fate of emerging markets following the path...
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