The impeachment inquiry into Donald Trump will enter a new public phase on Wednesday as two career diplomats testify before Congress in a televised hearing that Democrats hope will convince Americans that the US president is not fit for office.Read More
Monthly Archives: November 2019
A wave of social unrest — from Chile and Ecuador to Lebanon – has Moody’s Investors Service worried. The rating company said its 2020 outlook for global sovereign credit is negative, given unpredictable domestic and geopolitical risks and a push for populist policies that weaken institutions, help slow growth and boost the risk of economic and financial shocks.Read More
Moody’s Investors Service has cut its outlook for UK debt to negative, a potential step toward a credit rating downgrade. Moody’s cites “increasing inertia and, at times, paralysis that has characterised the Brexit-era policymaking process”.Read More
Michael R. Bloomberg is actively preparing to enter the Democratic presidential primary and is expected to file paperwork this week designating himself as a candidate in at least one state with an early filing deadline, people briefed on Mr. Bloomberg’s plans said.
- Michael Bloomberg Takes Steps Towards Democratic Presidential Run – Financial Times
- Billionaire and Ex-New York City Mayor Michael Bloomberg is Taking Steps to Run for President – Washington Post
A meeting between U.S. President Donald Trump and Chinese President Xi Jinping to sign a long-awaited interim trade deal could be delayed until December as discussions continue over terms and venue, a senior official of the Trump administration told Reuters.
- China Touts Fentanyl Convictions, Tackling Key Trade Talks Issue – Bloomberg
- China Risks Overplaying Its Hand on Trade – Bloomberg
- China and the US Should Prepare for an Era of ‘Co-opetition’ – Financial Times
- Trump’s ‘Phase-One’ Deal will not Resolve Issues Behind Trade War: Summers – South China Morning Post
A consumer antitrust suit brought by investors seeking at least £1 billion from five banking giants over allegations of foreign exchange rigging is set to be heard at a London tribunal on Wednesday 6 November.Read More
Christopher Cummins, a former currency trader at Citi, told a New York jury that he and three other traders at rival banks had an agreement to help each other via an alleged pact, whereby they would spoof emerging currency markets and trigger clients’ stop losses to make a profit.Read More
Hungary’s central bank governor says “the time has come to seek a way out of the euro trap.”Read More
President Trump said China and the US are in the process of selecting a new site to sign what he has called phase one of a broader trade agreement between the two countries.Read More