Investing & Trading
Earlier this month, the United States imposed tariffs on US$34 billion worth of Chinese imports. President Trump it was a punishment for Chinese theft of IP (intellectual property) and other unfair trade practices. Amusingly, Trump warned China not to retaliate. Immediately on the same day, China did exactly that – slapping taxes on the same […]
... written on Jul 21 2018There were two big declines in crude prices – last week and on Monday – despite analysts forecast of a decline of 3.622 million barrels in U.S. inventories for the week through July 13. Turns out, a surprise crude oil oversupply of 629,000 barrels in U.S. crude stockpiles occurred, as reported by the American Petroleum […]
... written on Jul 18 2018Turkish President Recep Tayyip Erdogan has named his son-in-law as the country’s finance minister after being sworn in to another five-year term, and the financial markets aren’t impressed. The country’s stock market and currency Lira fell after Berat Albayrak was named as Turkey’s Finance Minister on Monday. And it isn’t hard to understand why. […]
... written on Jul 10 2018He was appointed to overseeing the United Kingdom’s exit from the European Union. Yet, his boss – Prime Minister Theresa May – was such a weak leader that she was willing to sellout the nation in order not to offend the EU. Brexit Secretary David Davis has dropped a bombshell – quitting the May government […]
... written on Jul 09 2018Get ready for a spike in crude oil prices. Shortly after the U.S. State reaffirmed the Trump administration’s goal of reducing Iran’s oil exports to zero by November 4th, Iranian President Hassan Rouhani warned Tehran could retaliate – by disrupting oil shipments to neighbouring countries. Although Iran didn’t elaborate on such plans, it isn’t hard to […]
... written on Jul 06 2018European Union (EU) had a trade surplus of 120 billion Euros (US$139.6 billion) with the U.S. in 2017. The most exported product from the EU to the U.S. is cars. Hence, Trump doesn’t need to become a rocket scientist to know where to hit the Europe. When the U.S. president threatened to target European cars with […]
... written on Jul 05 2018President Donald Trump had walked away from the Paris climate agreement. His administration had also announced the U.S. was leaving the United Nations’ Human Rights Council. If you think those were the craziest decision a United States president had ever made, think again. There’s no limit as to what the 45th President of the United States […]
... written on Jul 01 2018Australia is one of foreign countries which many perceive to be squeaky clean, at least its Southeast Asia neighbour thought so. It was quiet a news when Prime Minister Malcolm Turnbull accused the alternative prime minister, Bill Shorten, of taking “backhanders” when he was a trade union supremo. But when Turnbull himself was dragged into […]
... written on Jun 26 2018China, if not stopped in time, will absolutely become the world’s new leader in technology. It’s a public knowledge that China is working tirelessly to catch up with rivals like the United States and Germany in high-end technology. Enter “Made in China 2025” – a strategy plan to move the country’s manufacturing up the value […]
... written on Jun 25 2018Exactly how much OPEC will increase the oil production is still a question mark. However, OPEC ministers announced a deal that is likely to add around 600,000 to 800,000 barrels a day to the market. That would be the first increase oil supplies from the producer group ever since the cartel cut production of 1.8 million […]
... written on Jun 24 2018
