Top Economic News

 

OECD cuts the global outlook again and warns worse may be ahead.
German car industry willl invest 45B in electric vehicles.
Chinese lawmakers will vote on foreign investment law, which includes measures to protect the IP of foreign companies and ease pressure on technology transfers.
Chinese government advisers worry about AI taking over jobs.
Michael Bloomberg offered his own new green deal.
High resolution satellite images show India missed on the bombing of the Islamist group's training camp in Kashmir.
Italy is preparing to become th first EU nation to endorse China's controversial Belt and Road global investment drive.

 

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Boston Fed President Rosengren (voter) Highlights
*ROSENGREN: SAYS HIS OUTLOOK IS FOR RELATIVELY HEALTHY `19 GROWTH
*ROSENGREN: RISKS TO OUTLOOK JUSTIFY PAUSE TO POLICY TIGHTENING
*ROSENGREN: SEVERAL MEETINGS BEFORE FED HAS CLEAR READ ON RISKS
*ROSENGREN: WAGE PRESSURE RISING, INFLATION QUITE WELL BEHAVED
*ROSENGREN: SEES INFLATION CLOSE TO GOAL FOR `19, GROWTH ABOVE 2%
*ROSENGREN: MARKETS STILL PRICING SOMEWHAT ELEVATED RISK
Trump takes on India and Turkey about trade.
China sees tough battle ahead boosting growth without a debt blowout.

China can absolutely reach and agreement on opening up its financial sector.
Austrian lender Raiffeissen Bank under scrutiny over money laundering.
The Treasury department had $291B on hand at the end of February.
Tesla will close most stores and swith to online sales.
China suspends customs clearance prodecures for the Model 3 cars.
Kyle Bass thinks the global economy is heading for a recession.
Huawei would have to five data to China if the government asked for it.
China accuses Canada of stealing state secrets.
A second canadian minister quits over scandal.
Macron steps up and calls for a more united Canada.​

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US and China in final stagews of completing a trade deal.
China is said to plan 90B cut in VAT for manufacturers.
What is Modern Monetary Theory and why is P​owelll trashing it.
The Atomic Energy Agency believes North Korea has shut down the reactor enriching uranium...maybe.
Venezuela's oil minister will visit Moscow to relocate Venezuela's Petroleum office.
Two more teenagers stabbed to death in the UK.
A growing number of countries are declaring themselves Second Amendment sanctuaries.

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Europe looking to get trade negotiations going with the US.
Inventory slump hits Germany as the economy barely avois a recession.
Italy suffers a recession alone in economic and political isolation.
Italian bonds face up to risk of a ratings downgrade.
SocGen said to weigh thousands of job cuts.
China's debt levels will worsen in 2019
12 very large crude carriers (VLCCs) are sailing empty to the gulf to move US oil and gas.

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St. Louis Fed President Bullard (voter) said the Fed is in a good place with no urgency to act.
Atlanta Fed President Bostic (non-voter) said the US economy is pretty good and the Fed is close to neutral.
US and China are said to be working on multiple memorandums of understanding.
Personal loans surged to a record 138B in US led by fintech companies.
The recession in Italy is threatening France.
Britain and the EU are closer to a possible agreement on border controls between Ireland and British ruled Northern Ireland.
Canadian Auto union is fighting GMs decision to close a plant in Oshawa, Ontario.
Despite Putin's swagger, Russia struggles to modernize its navy.

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Fed minutes may shine some light on policy going forward.
Yield curve inversion is looking attractive to some.
Is the US pushing for China to manage its currency or let the market dictate where it goes?
American shale boom keeps rolling.
Putin threatens to target US if it deploys missiles in Europe.
Turkey is unhappy with US missile offer as Russia's S-400s arrive.
Microsoft says hackers are targeting European think tanks.
North Korea is shuffling diplomats after defections and spying allegations.
France and Germany are working on joint arms guidelines.

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The next round of talks with China start today.
The Chinese government is not adopting stimulating policies to help auto sales.
The Bundesbank expects German growth at a subdued rate.
Europe says they will react swiftly and in an adequate manner if the US places tariffs on autos.
No recession but global growth will slow.
German regulators ban shortselling of wirecard.
China is spending $9B to build its own GPS system.
Spanish warships order commercial boats to leave Gibralter.
UK employment grew and wage growth accelerated.
Honda insists the decision to close its flagship plant in the UK was due to the small market size and electric vehicles.
The US asks Europe to take back captured Islamic state detainees, or they will be released.
Germany says they will take them only if they can immediately be put in a jail.
We collect 20% of GDP but spend 24%
US buying more out-dated F-15s?
Iran's oil exports rose.

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The markets are braced for the likelihood that the Commerce Department today (i.e., before Sunday's deadline) will release its recommendations on whether the U.S. should impose a tariff of up to 25% on imported autos on national security grounds.  The President will then have 90 days to make a final decision.
US/China talks will continue next week in Washington.
Spanish call for a  snap election.
Britian heading for more Brexit trouble.
European car sales crash.
California, NY and Conneticut are being stupid for driving rich people out.
Congress passed the spending bill.
US Secretary of State Mike Pompeo met with the EU's top diplomat about Iran



 

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Trump says trade talks with China are going well.
59% of CEO surveyed said the tariffs are helping business.
​Goldman economists put a recession over the next year at 14%.
Fed risks murdering the expansion.
Trump demands California give back federal funds for a high speed train.
Germany avoids a technical recession.
The UK Parliment votes on Brexit...again.
The US calls for Europe to withdraw from the nuclear deal with Iran.
 

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Trump leaning toward not hitting China with the next tariff leg.
Morgan Stanley predicts China's current account is in a long-term decline.
Europe is the real weak link for global economy.
Goldman says OPEC will drive prices higher.
The IEA said oil prices will adjust as surpluses are reduced.
Russia said it is ready to help Venezuela and the US should stand down.
The number of US car owners who are behind in their payment is increasing.
 

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