He asked the delegations to finish their work by July 6 at 10 p.m. Brussels time. Fearful of a repeat of the G-7 disaster — in which Mr. Trump refused to sign off on the joint communiqué, escalated a trade war and publicly derided Prime Minister Justin Trudeau of Canada — the emissaries from the…
It was a sea of red across global equities on Monday, with European stocks and U.S. futures following a slump in Asia at the start of a crunch week for global trade. Political risks dragged the euro and pound down, and dollar strength roiled emerging assets. More than 550 members of the Stoxx Europe 600…
From trade talks and scrapped deals to elections and government infighting, “uncertainty" has emerged as the biggest obstacle for Canada, according to the head of the nation’s largest lender. “It’s all this uncertainty we’re looking at," Toronto-Dominion Bank Chief Executive Officer Bharat Masrani said in a BNN Bloomberg interview when asked what’s the biggest risk…
Saudi Arabia kept key supporters of Mohammed Bin Salman in their cabinet jobs and brought in some new ones, in the first major government shake-up since the kingdom and its crown prince became the focus of an international outcry over the killing of Jamal Khashoggi. The ministers of finance, energy, economy, and trade — senior…
SOME SAID it was the disruption of some flights to LaGuardia airport early on January 25th that persuaded him. The air-traffic controllers at Donald Trump’s local airport—unpaid after 35 days of the government shutdown—had voted with their feet. Yet the great climb-down the president affected later in the day had in reality been on the…
Few bond traders around the world will raise a glass to toast U.S. Treasuries and the dollar this New Year’s Eve.Among the countries represented in the Bloomberg Barclays global sovereign-debt index, U.S. obligations had the worst 2017 total return on an unhedged basis -- just 2.2 percent for dollar-based investors as of Dec. 28. By…
BEFORE SETTING the budget each year, Britain’s chancellor of the exchequer is given a revised set of fiscal forecasts by the Office for Budget Responsibility (OBR), the official fiscal watchdog. In recent years the chancellor has looked through his fingers as he turned the pages: time and again since the financial crisis of 2008, Britain’s…
US President Donald Trump. Getty Google is fighting back. After Donald Trump widened his line of attack on the search engine giant, Google swiftly debunked the US president's tweet in a methodical statement. Using the hashtag "#StopTheBias," Trump posted a video claiming to show how Google has promoted Barack Obama's State of the Union speeches,…
The Chinese markets had a surprisingly good day Friday, given that the U.S. just massively jacked up tariffs against Chinese imports, and the trade negotiations between the two countries appear likely to fail. The Hang Seng Index, having seemed set to plummet around lunchtime, ended up 0.84% up on the day. The Shanghai Composite Index…
Image copyright Reuters Image caption Nikki Rose (centre) and Ian Power (right) were the first to buy legal cannabis at Tweed in St. John's Newfoundland, just after midnight on Wednesday Canada has become the second country after Uruguay to legalise possession and use of recreational cannabis.The nationwide market for cannabis opened Wednesday at midnight amid…
