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Wall Street Week Ahead: Tariff deadline keeps focus on trade as 2019 draws to close
(Reuters)-07/12/2019. The stock market looks set to end 2019 the way it began the year — highly sensitive to headlines from President Donald Trump’s global trade war.
BOJ to consider offering bleaker view on output as trade war bites: sources
(Reuters)-07/12/2019. The Bank of Japan will consider offering a bleaker assessment on factory output than in October at its rate review this month, sources said, underscoring its concern over the broadening fallout from the U.S.-China trade war and slowing global demand.
Trump calls for World Bank to stop loaning to China
(Reuters)-07/12/2019. U.S. President Donald Trump on Friday called for the World Bank to stop loaning money to China, one day after the institution adopted a lending plan to Beijing over Washington’s objections.
Turkey’s muscle flex roils east Mediterranean
(The Daily Star)-07/12/2019. Turkey and Libya officially approved a contentious maritime deal that may fuel an energy showdown in the gas-rich waters of the eastern Mediterranean, where both countries are at odds with Greece.
France to mobilize support for Lebanon
(The Daily Star)-07/12/2019. As Lebanon grapples with its worst economic crisis since the 1975-90 Civil War, France plans to convene a meeting of an international support group for Lebanon next week to drum up assistance for the protest-hit country, a Lebanese government official said Friday.
Central Banks Set to Keep Pumping Out Cash Through 2020
(Bloomberg)-07/12/2019. Major central banks are set to keep pumping money into financial markets and economies next year, although at a slower pace than recently.
Saudi Prince’s First OPEC Outing Brings Last-Minute Oil Surprise
(Bloomberg)-07/12/2019. Prince Abdulaziz bin Salman has attended OPEC meetings for three decades, but this was the first time he’s been the star turn.
U.S. Jobs Just Blew the Roof Off. Here’s Why Fed Still on Hold
(Bloomberg)-07/12/2019. A gangbusters November U.S. payroll report sent Treasury yields soaring but hasn’t erased bets the Federal Reserve will keep interest rates on hold through at least the first quarter of 2020. And that makes sense.
Central Banks Set to Keep Pumping Out Cash Through 2020
(Bloomberg)-06/12/2019. Major central banks are set to keep pumping money into financial markets and economies next year, although at a slower pace than recently.
UAE economy falters with first-ever drop in new orders
(The Daily Star)-06/12/2019. The United Arab Emirates’ economy is ending a difficult year on a low as business activity slumps to a level not seen in more than a decade.
Turkey eases rules on $8 billion of bad loans as banks balk
(The Daily Star)-06/12/2019. Turkey’s banking regulator eased measures on how banks classify credit to once-troubled companies, helping lenders to potentially avoid adding more non-performing loans to their books, according to people familiar with the matter.
Banks to cut interest rates on dollar, pound deposits
(The Daily Star)-06/12/2019. As expected, Central Bank Gov. Riad Salameh Wednesday told all Lebanese commercial banks to lower their interest rates on foreign currency deposits to a maximum of 5 percent, and to 8.5 percent for Lebanese pound deposits. In his circular, the governor said the new interest rate caps would take effect Thursday.
Euro zone likely dodged recession but growth to stay tepid: Reuters poll
(Reuters)-06/12/2019. The euro zone economy has avoided a recession, according to a Reuters poll of economists who were reasonably confident of that outcome, but their growth and inflation outlook remains very modest for the coming years.
China to waive tariffs for some U.S. soybeans, pork
(Reuters)-06/12/2019. China will waive import tariffs for some soybeans and pork shipments from the United States, China’s finance ministry said on Friday, citing a decision by the country’s cabinet.
Saudi Aramco prices shares at top of range in world's biggest IPO
(Reuters)-06/12/2019. State-owned oil giant Saudi Aramco’s initial public offering (IPO) will be the biggest in history, but will fall short of the towering $2 trillion valuation long sought by Crown Prince Mohammed bin Salman.
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