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Economy

Instead, the Euro, which constitutes 57.6% of DXY, has fallen quickly over the past hour and a half after a draft of the ECB's new staff economic projections (SEPs), set to be released tomorrow, were leaked to Bloomberg News. Recent pronouncements indicate the central bank does see inflation picking up yet. But hawks on the council could push for the bank to toughen up its language all the same, removing references in Mr Draghi's talking points that commit the ECB to expanding QE and ...
  • China's trade growth rebounds in May

    China's trade growth rebounds in May

    Economy

    The figures illustrate both the President's ongoing concern over the size of China's USA trade surplus, given that even with an increase in exports the monthly imbalance has growth each month so far this year, and perhaps his inability to do anything about it.
  • US suspects Russian hackers planted fake news behind Qatar crisis

    Economy

    The nations said they planned to cut air and sea traffic to Qatar . Qatar's foreign minister says Kuwait is trying to mediate and solve a diplomatic crisis that has seen Arab nations cut off diplomatic ties. Qatar's ties to the Muslim Brotherhood and militant groups like Hamas have long complicated its relationship with Washington - and proven valuable for behind-the-scenes efforts at other times .
  • India's New, Heaviest Rocket GSLV-Mk III Lifts From Sriharikota Spaceport

    India's New, Heaviest Rocket GSLV-Mk III Lifts From Sriharikota Spaceport

    Economy

    Another rocket will be turbo-charged into space today with its 3,136 kg payload (the GSAT-19 satellite) from India's space launch site in Sriharikota in Andhra Pradesh. The countdown to place communication satellite GSAT-19 into space using the "fatboy" rocket has started. India hopes the successful launch of the satellite, which weighs 3,136 kilograms (6,914 pounds), will expand its commercial launch business.
  • Oil dips on concern over rising USA output, OPEC tensions

    Oil dips on concern over rising USA output, OPEC tensions

    Economy

    The 3.3-million barrel rise in US crude stocks deepened concerns that the ongoing production cuts by the Organization of the Petroleum Exporting Countries and Russian Federation aren't effectively reducing the glut of oil that has suppressed oil prices for over two years.
  • Former FBI Director Comey to testify Trump told him 'I need loyalty'

    Former FBI Director Comey to testify Trump told him 'I need loyalty'

    Economy

    Former FBI Director James Comey says he informed Donald Trump in early January that he was not personally under investigation in the bureau's Russian Federation counter-intelligence investigation. Why do we know it's worth taking Comey at his word on that? The White House initially said Trump fired Comey on the recommendation of the Justice Department, citing as justification a memo from Deputy Attorney General Rod Rosenstein that criticized Comey's handling of the Hillary Clinton ...
  • Rep. John Katko backs Trump plan to privatize air traffic control system

    Economy

    In exchange, controllers would get guarantees that they would retain their benefits, salaries and union representation. "Delta makes a pretty convincing case for the costs for other systems in the world have been rising more dramatically than the FAA's operating costs have been rising", said Simmons, who does not think the system should be privatized .
  • Dispute erupts over House panel subpoenas for CIA, FBI

    Economy

    Flynn's cooperation was the first signal that he and the Senate panel have found common ground. The latest example came Wednesday afternoon, when Nunes issued three subpoenas targeting documents regarding former Obama administration officials in his own probe of unmasking - without getting sign-offs from the House Democrats.