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Russia’s Rostec unit ready for out-of-court deal with Boeing on 737 MAX order

August 27, 2019 by cbn Leave a Comment

Russia’s Rostec unit ready for out-of-court deal with Boeing on 737 MAX order

A unit of Russian conglomerate Rostec said on Tuesday it was ready for an out-of-court settlement with Boeing over its order for 35 Boeing 737 MAX jets, a spokesman for Rostec’s subsidiary Avia Capital Service told Reuters.

Filed Under: Financial Planning

Wall Street rises after Trump’s softer stance on trade

August 26, 2019 by cbn Leave a Comment

Wall Street rises after Trump’s softer stance on trade

Wall Street’s main indexes rose 1% on Monday as U.S. President Donald Trump eased his stance on trade with China, calming investor nerves after an intense feud between the world’s top two economies last week sent stocks tumbling.

Filed Under: Financial Planning

Trump, Abe agree on principles of trade deal at G7

August 25, 2019 by cbn Leave a Comment

Trump, Abe agree on principles of trade deal at G7

President Donald Trump on Sunday said he and Japan’s Prime Minister Shinzo Abe had agreed on the principles of a trade deal that would probably be signed next month in New York.

Filed Under: Financial Planning

Fed wields strong influence on global financial conditions: research

August 24, 2019 by cbn Leave a Comment

Fed wields strong influence on global financial conditions: research

The Federal Reserve’s influence on economic conditions beyond U.S. borders may be bigger than it thinks, according to research that will be presented at the central bank’s conference on Saturday.

Filed Under: Financial Planning

India rolls back tax hike on investors; outlines steps to boost sentiment

August 23, 2019 by cbn Leave a Comment

India rolls back tax hike on investors; outlines steps to boost sentiment

India is rolling back recent tax hikes on foreign and domestic equity investors and is accelerating a capital infusion of $10 billion into state-run banks, the finance minister said late on Friday, in an attempt to boost market sentiment and revive the slowing economy.

Filed Under: Financial Planning

Stena Bulk tanker seized by Iran could be released soon: Sweden’s SVT broadcaster

August 22, 2019 by cbn Leave a Comment

Stena Bulk tanker seized by Iran could be released soon: Sweden’s SVT broadcaster

Sweden has received “very strong indications” that a British oil tanker seized last month by Iran in the Strait of Hormuz is to be released soon, Swedish public service broadcaster SVT reported on Thursday, citing sources within Sweden’s foreign ministry.

Filed Under: Financial Planning

IMF warns against rate cuts, currency intervention to improve trade balance

August 21, 2019 by cbn Leave a Comment

IMF warns against rate cuts, currency intervention to improve trade balance

The International Monetary Fund on Wednesday warned against governments trying to weaken their currencies through monetary easing or market interventions, arguing in a blog post that this would hurt the functioning of the international monetary system and make all nations worse off.

Filed Under: Financial Planning

U.S. regulators hand Wall Street a major win with stripped-down ‘Volcker Rule’

August 20, 2019 by cbn Leave a Comment

U.S. regulators hand Wall Street a major win with stripped-down ‘Volcker Rule’

U.S. banking regulators on Tuesday approved changes easing a rule introduced after the 2007-2009 financial crisis that bans banks from trading on their own account, giving Wall Street one of its biggest wins under the Trump administration.

Filed Under: Financial Planning

Oil up 1% after attack on Saudi field, but OPEC report caps gains

August 19, 2019 by cbn Leave a Comment

Oil up 1% after attack on Saudi field, but OPEC report caps gains

Oil prices were up more than 1% on Monday after a weekend attack on a Saudi oil facility by Yemen’s Houthi forces and as traders looked for signs that top economies would take measures to counteract a global slowdown.

Filed Under: Financial Planning

Lebanon’s Aoun vows to tend to economic, financial reforms

August 18, 2019 by cbn Leave a Comment

Lebanon’s Aoun vows to tend to economic, financial reforms

Lebanon is expected to begin implementing in October a set of economic and financial measures agreed by its top leadership that will boost economic growth, President Michel Aoun said on Sunday, vowing that he would to tend to this himself.

Filed Under: Financial Planning

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