Market News

OPEC agreed on Monday to extend oil supply cuts till March of next year, in order to support the price of crude amid the weakening global economy and the increasing US production.  OPEC and its allies have been reducing oil output since 2017 …

World leaders are meeting in Osaka, Japan, for a summit of the Group of 20 (G20) big economies, on Friday and Saturday…

Central banks around the globe are moving towards policy easing amid the escalating US-China trade war that adds pressure on the world’s slowing economy …

The Greek president accepted a request from Prime Minister Alexis Tsipras to dissolve parliament on Monday triggering a snap election that Tsipras called for next month.  Tsipras called the snap election four months before the end of his term …

Mexico wants to persuade the Trump administration that US funding provided under a joint security scheme known as the Merida Initiative would be better spent on the developing of the Mexican southern border region than on military outlays. 

Italy’s debt is proportionally the highest in the eurozone after Greece. Italian benchmark bond yields rose by 10 basis points on Tuesday, having increased around 11 basis points on Monday and marked the sharpest two-day rise in benchmark borrowing costs since the start of the year.

The focus this week was on the Netherlands and its triple-A rated sovereign green bond issued on Tuesday.   Investors placed 21.2 billion euros of orders for the environmentally friendly paper.  The Netherlands follows other countries …

As the cryptocurrency’s rally gained momentum, bitcoin surged to more than $8,000 late on Monday, its highest level since July last year.  Bitcoin climbed nearly 17 percent at $8,131 on the Bitstamp Exchange, the largest daily percentage jump since early April.

Since July 2018 the world’s two largest economies, the United States and China have been involved in a tit-for-tat tariff war as the US demands that China adopt policy changes that would among other things better protect American intellectual property …

Oil prices have been supported by the political crisis in Venezuela, the stricter US sanctions against Iran and the production cuts from OPEC.  Thursday saw oil prices however plunging with US crude dropping ….

Last year before the imposition of sanctions, Iran, was the fourth-largest producer among the OPEC countries at around 3 million barrels per day.  On Monday the United States demanded that buyers of Iranian oil stop buying oil by 1st May or face sanctions. 

The United States and the EU have been battling for almost 15 years at the World Trade Organisation over subsidies given to US plane maker Boeing and Airbus, its European rival.