NAFTA Is On Life Support. Will Trump Be the One to Pull the Plug?

By Ian Bremmer The Iran Nuclear deal isn’t the only major agreement that President Trump promised voters he would either rewrite or tear up. After nine months of talks, U.S., Mexican and Canadian negotiators remain...

S&P Dow Jones Indices considers upgrading Saudi Arabia to emerging market status

Reuters -Equity index compiler S&;P Dow Jones said it was consulting investors on whether to upgrade Saudi Arabia to emerging market status, a new sign of growing interest in the Kingdom among global fund...

Armenian economy not threatened, minister says

YEREVAN, May 17. /ARKA/. Armenia's economic performance can not deteriorate to an extent as to pose a threat to the government, Minister of Economic Development and Investments Artsvik Minasyan said today. "It takes time to...

We don’t need your permission: Russia responds to US condemnation of Crimean Bridge

Russia will not ask for anyone's permission to build infrastructure on its territory. This was the response to the US, which condemned the opening of the Kerch Strait bridge between Russia and Crimea. The US...

George Soros comes to the rescue of sinking Tesla

Billionaire investor George Soros has invested in electric car maker Tesla at a time when the company is facing stock sell-off amid severe production and legal problems. Soros Fund Management invested $35 million in the...

Iran says US sanctions will only strengthen Russia ties

Iran intends to boost economic ties with Russia and the prospect of the return of US sanctions will only serve to strengthen them, according to an Iranian official.  “Not only will the previous agreements remain...

Europe to ditch US dollar in payments for Iranian oil – source

The European Union is planning to switch payments to the euro for its oil purchases from Iran, eliminating US dollar transactions, a diplomatic source told RIA Novosti. Brussels has been at odds with Washington over...

OPEC Won’t Stop When Oil Hits $80

By Tsvetana Paraskova OPEC is not in a rush to start winding down the production cuts despite oil prices continuing their strong rally, with Brent briefly breaking above $79 a barrel on Tuesday. The cartel sees the price...

This Major LNG Exporter Is Facing A Gas Shortage

By Irina Slav Australia is on track to become the world’s largest LNG exporter by next year. Home to several giant offshore projects such as the Gorgon, Wheatstone, Prelude, and Ichthys, the country is fast closing in on...

Rising Fuel Prices Could Offset Tax Cuts

By Tsvetana Paraskova The U.S. Environmental Protection Agency (EPA) is reviewing the fuel economy standards that is says are “not appropriate”, putting the federal government and California on a collision course over the plans to weaken...

IEA: High Oil Prices “Taking A Toll” On Demand

By Nick Cunningham Geopolitics has taken over the oil market, driving oil prices up to three-year highs. The inventory surplus has vanished, and more outages could push oil prices up even higher. Yet, there are some signs...

The Regulations That Could Push Oil Up To $90

By Nick Cunningham International regulations on the fuels used in shipping could tighten the oil market and push prices up to $90 per barrel in the next two years. The International Maritime Organization (IMO) has new rules...

Repsol Takes A Significant Step Towards Clean Energy

By Tsvetana Paraskova Spain’s oil and gas company Repsol will stop pursuing production growth in its upstream oil and gas division as it is getting ready for the energy transition, Bloomberg reports, quoting a person familiar with...

Central bank hints at intervention as Turkish lira slides

The Central Bank of Turkey (CBRT) issued a short statement on Wednesday following a slide in the value of the Turkish lira, saying that necessary measures would be taken. “The CBRT is closely...

Strong resilience of Chinese economy

Source:Xinhua A range of data have shown the Chinese economy is resilient, with supply-side reform delivering progress. Meng Wei, a spokesman with the National Development and Reform Commission (NDRC), the country's economic planning agency, said Wednesday...

GDP falls for 1st time in 9 quarters as consumer spending flat

The Yomiuri Shimbun Japan’s real gross domestic product in the January-March quarter dropped 0.6 percent on an annualized rate — the first fall in nine quarters — the Cabinet Office announced Wednesday in its interim...

Turkish banking system outlook is negative: Moody’s

The outlook for the Turkish banking system is negative due to downside risks related to funding and asset quality, credit rating agency Moody’s has stated. The operating environment for Turkish banks will also remain challenging...

Turkey’s banking sector capable of managing risks: Bank association

Turkey’s banking sector remains strong enough to manage risks and maintain its positive outlook, the Banks Association of Turkey (TBB) stated on May 16. “The banking sector has the necessary structure and strength that would support sustaining...

Euro bank invests $82 million in IPO of Turkish grocer Şok

The European Bank for Reconstruction and Development (EBRD) says it has invested $82 million in a minority stake in Şok Marketler, a fast-growing Turkish discount grocer. The move supports one of the largest initial public offerings (IPO)...

Japan Ready to Retaliate Against US Import Tariffs – Reports

MOSCOW (Sputnik) - Japan is taking final steps to inform the World Trade Organization later this week that it is ready to retaliate against US import tariffs, sources told a Japanese broadcaster. The NHK channel...