Peak Gasoline Vehicles Is Already Here

By Nick Cunningham The internal combustion engine has already reached a peak in sales. That startling conclusion comes from a new report from Bloomberg New Energy Finance (BNEF). “Sales of internal combustion passenger vehicles have already peaked, and may...

Stalemate In Libya Could Cause Next Major Oil Supply Outage

By Nick Cunningham The fighting in Libya has devolved into a protracted stalemate, which does not bode well for the country’s oil production. General Khalifa Haftar and his militia, the Libyan National Army (LNA), continue their assault...

Asia shares shudder as Beijing talks tough

Wayne Cole SYDNEY (Reuters) - Asian shares suffered a fresh bout of the shakes on Friday as tough words on trade from China’s media drowned out upbeat news on the U.S. economy and corporate earnings. Shanghai...

Kuroda says BOJ may keep low rates well over year, dismisses debt monetization

Leika Kihara TOKYO (Reuters) - The Bank of Japan may maintain ultra-low rates for a further period of well over a year, governor Haruhiko Kuroda said on Friday, but warned against the idea of propping...

All indicators point to slowdown in US economy

Despite a strong headline GDP number for Q1, every important measure points to a continued slowdown starting last year By David P. Goldman- Asia Times President Trump Wednesday postponed a decision on a 25% automobile import...

With inflation elusive, two Fed policymakers lay out a welcome mat

Ann Saphir, Howard Schneider SANTA BARBARA, Calif./WASHINGTON (Reuters) - Worried that current low inflation expectations will sap the U.S. central bank’s ability to combat a future downturn, two Federal Reserve officials on Thursday made an...

EU fines banks over $1 billion over foreign exchange cartel

European Union regulators have fined five banks a total of more than 1 billion euros ($1.1 billion) for colluding in the trade of large sums of foreign currency. The European Commission said on May 16 that investigators...

Turkey’s private sector short-term external loans down

Turkey's outstanding short-term foreign loans in the private sector decreased in March, the country's Central Bank said on May 16. Excluding trade credits, private sector's short-term external loans totaled $12.1 billion, going down $3.3 billion from the end of 2018. The bank said 70.8% of all...

Asian shares feeling blue as Shanghai turns red

Wayne Cole SYDNEY (Reuters) - Asian shares were struggling to end a bleak week in the black on Friday as upbeat U.S. economic news and solid company earnings offered only a fleeting respite from the...

Renault Samsung, union reach tentative wage deal

The Korea Times-By Nam Hyun-woo Renault Samsung's union and management have reached a tentative agreement over last year's extended salary and labor conditions negotiations, 11 months after they began and following 250 hours lost to...

U.S. trade war will only make us stronger, China’s top paper says

BEIJING (Reuters) - The trade war with the United States will only make China stronger and will never bring the country to its knees, the Communist Party’s People’s Daily wrote in a front page...

Rupee rises for 3rd day; vaults 31 paise to 70.03 vs USD

Mumbai, May 17 (PTI) The rupee surged by 31 paise to close at 70.03 against the US dollar Thursday amid a sharp rebound in the domestic equity markets, even as oil prices firmed up. This...

New free economic zone to open in Armenia

YEREVAN, May 17. /ARKA/. A new free economic zone will soon be registered in Armenia, Vahagn Lalayan, the head of a department at the Ministry of Economic Development and Investments overseeing investment policy, told...

Russia boosting gold & dumping dollar from foreign currency reserves

The Central Bank of Russia reports that foreign exchange reserves saw a significant boost of nearly $3.3 billion in April as the country pursues a policy of increasing its forex funds and diversifying them...

Vienna has no intention of ditching Nord Stream 2 despite US pressure – Austrian...

Austrian President Alexander Van der Bellen says Vienna has no plans to withdraw from the Russian-led Nord Stream 2 gas pipeline project as the country’s energy giant, OMV, has made huge investments in the...

US adds Chinese telecom Huawei to trade blacklist

Huawei Technologies and 70 of its affiliates have been placed on a trade blacklist, the US Department of Commerce has confirmed, after President Donald Trump declared an emergency targeting telecoms owned by “adversaries.” The addition...

China’s nuclear option of dumping US bonds would cause absolute chaos in global markets...

The ongoing tit-for-tat tariff exchange between China and the US could push Beijing to strike back with the so-called ‘nuclear option’ – dumping its vast holdings of US Treasury bonds. While the move would be...

Russia Aims To Exploit Africa’s Energy Potential

By Vanand Meliksetian Africa’s economic potential is enormous: the continent contains significant mineral and energy deposits, a young and growing population, and an underdeveloped energy sector desperately in need of investment. Approximately 640 million people, or two-thirds of...

Canada’s Pipeline Crisis Isn’t All Bad For Investors

By Irina Slav Canadian oil producers have been having a hard time after the 2014 crisis, harder than their peers elsewhere, constrained in their recovery and growth plans by a shortage of oil export capacity. However,...

Putin Could Cut His Loss As Venezuelan Oil Output Nosedives

By Nick Cunningham Venezuela’s oil production held up last month, but appears to be falling off a cliff once again. Output in Venezuela rebounded a bit in April, following the horrific electricity blackouts that rocked the country the month...