Thursday, February 20, 2020

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World Economy’s Prospects for Stable 2020 Tested by US-Iran Tension

(Bloomberg) --Just as the world economy was stabilizing after its worst performance in a decade, a U.S. airstrike in Iraq that killed one of...

Gold Nears Six-Year High as Mideast Tensions Spur Haven Demand

(Bloomberg) --Gold neared a six-year high after a U.S. airstrike killed one of Iran’s most powerful generals, ratcheting up tensions in the Middle East...

Middle East Shipping Risks Seen Elevated Amid US-Iran Tensions

(Bloomberg) --The risk to shipping in one of the world’s key oil-producing regions is set to rise following a U.S. airstrike in Iraq that...
Donald Trump

Trump Impeached by House But Pelosi’s Unscripted Moment Sets Off Delay

(Bloomberg) --The U.S. House of Representatives impeached President Donald Trump on charges of abuse of power and obstructing Congress, the culmination of an effort...

World Economy Haunted by Risk Just Got a Double Shot in the Arm

(Bloomberg) --Dogged for most of 2019 by trade tensions and political risk that hammered business confidence, the outlook for global growth will enter 2020...

A Pivotal Week Confronts Emerging Markets as Traders Look to 2020

(Bloomberg) --It may come down to the will of central banks, trade negotiators and voters this week to set the tone for emerging markets...

Richest 1% of Americans close to surpassing wealth of middle class

(Bloomberg) -- The U.S.’s historic economic expansion has so enriched one-percenters they now hold almost as much wealth as the middle- and upper-middle classes...
banking finance

Gulf’s Holdout on Rates Is About to Jump on Fed Easing Bandwagon

(Bloomberg) --The only Gulf Arab central bank with an unpredictable monetary policy might finally fall in line this week. In a region where most countries...
Asia Stock Market

Asian shares edge up but sentiment remains fragile

Asian shares barely managed to hold firm on Monday after a tumultuous week for global equities. MSCI’s broadest index of Asia-Pacific shares outside Japan was...