Yen Extends Gain as Global Stock Rally Continues: Markets Wrap

By Adam Haigh Cornerstone Macro Partner Roberto Perli weighs in on the U.S. economy, Fed policy and the bond markets. The yen extended an advance and a rally in global stocks continued in Asia as...

A year into OPEC’s production cuts, Asia’s oil markets have tightened

Henning Gloystein SINGAPORE (Reuters) - Just over a year into production cuts lead by OPEC and Russia, oil markets in Asia have tightened noticeably as significant amounts of excess crude have been taken off tankers...

This stock market is ‘nuts,’ parallels with 2008 crash — investment manager

Equity markets are not looking healthy and the fact that many investors are still buying stocks after last week’s sell-off is a worrying sign, investment manager Peter Toogood told CNBC. He said investors continue buying...

Rise in U.S. inflation puts spotlight on Fed’s Powell

Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer prices rose more than expected in January as Americans paid more for gasoline, rental accommodation and healthcare, raising pressure on new Federal Reserve chief Jerome Powell to prevent...

Colombia’s Oil Industry Faces 3 Big Problems

By Matthew Smith Colombia’s beleaguered oil patch remains under considerable pressure. Aside from falling investment and a lack of proven reserves that has led to fears that it only can support another five years of production...

Gas Tax Hike Could Have Serious Consequences For Oil Markets

By Tsvetana Paraskova The idea to increase the federal gas tax has gained momentum in recent weeks as a possible way of generating new government revenue to put into infrastructure projects. Although such a tax increase...

Shale Industry May Finally See Some Profits

By Nick Cunningham Not only is U.S. shale set to grow at a torrid pace, but the industry might actually make some money for once. Profits have eluded the shale industry for years, and drillers burned through...

Saudi Arabia, Russia Ink 3 Huge Energy Deals

By Cyril Widdershoven Saudi Arabia hits bullseye, IPO and LNG deals cements geopolitical cooperation Russia Hidden by the fog of the ongoing oil market volatility and the Turkish adventures in Syria, OPEC leader Saudi Arabia has been...

Physical Oil Markets Don’t Lie – Is Another Crash Likely?

By Irina Slav Oil prices are falling and analysts and market players are as eager as ever to explain the decline in accordance with their own bullish or bearish leanings. It’s a natural correction that was...

Turkey’s current account deficit hits $47.1 billion in 2017

Turkey ran a current account deficit of $7.7 billion in December 2017, slightly above forecasts, according to data from the Central Bank. The current account gap thus decreased by $4.36 billion last December compared to...

Turkey’s Muğla exports marble to 60 countries

The southwestern province of Muğla exported marble and natural stone worth $300 million to 60 countries in 2017, Marble Association of Muğla chair Mustafa Ercan said on Feb. 14. “Muğla has around 120 marble quarries,...

Goldman Sachs boss on Trump tax plan: ‘Odds of a bad outcome have gone...

Lloyd Blankfein warns that Donald Trump’s $1.5tn tax cut plan could over-stimulate an already healthy economy Edward Helmore in New York The Goldman Sachs boss, Lloyd Blankfein, has added his voice to the chorus warning that...

Oil extends gains on Saudi commitment to cut, weak dollar

Henning Gloystein SINGAPORE (Reuters) - Oil prices on Thursday extended gains from the previous session, pushed up by a weak dollar and by comments from Saudi Arabia that it would rather see an undersupplied market...

Stocks take U.S. inflation spike in stride and rally; dollar on defensive

Shinichi Saoshiro TOKYO (Reuters) - Asian stocks gained on Thursday after Wall Street brushed aside strong U.S. inflation data and surged, in a move that also saw the dollar pinned at two-week lows even as...

Stock market extends rally as tech, bank shares jump

By Matthew Rocco - FOXBusiness The Dow has broken its six-day streak of 500-plus point swings and former Commissioner at the U.S. Commodity Futures Trading Commission Bart Chilton says the government could tame the expected...

America on its way to $30 trillion debt by 2028 as military expenditure soars

The mounting US debt is likely to grow by another $10 trillion in the next decade, according to estimates contained in the recent budget proposal. According to the White House Office of Management and Budget, the national...

Saudi Arabia warns against initial coin offerings in cryptocurrency market

Riyadh has cautioned the public against investing in initial coin offerings (ICOs) due to the high risk, potential losses of capital and alleged fraud in the cryptocurrency market. According to the Capital Market Authority, crypto...

German economy books strong finish to 2017

AFP FRANKFURT AM MAIN: Europe’s largest economy Germany expanded 0.6 percent between October and December, official data showed Wednesday, highlighting the country’s economic strength as politicians struggle to form a government. The figure follows up growth...

China about to throw down the gauntlet to the petrodollar

The world’s top oil importer, China, is expected to launch its long-awaited and delayed yuan-denominated oil futures contract at the end of March, according to Reuters’ sources. The petroyuan is seen as Beijing’s challenge to...

Russian banks ready to switch off SWIFT – official

Russian financial institutions and firms are ready to work without SWIFT's interbank cash transfer services, according to Deputy Prime Minister Arkady Dvorkovich. “Certainly, it is unpleasant, as it will prove a stumbling block for companies...