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Nicole Sturgeon to “restart” the debate on Scottish independence in the coming weeks

May 21, 2018 Forex news forex trade 0

Scotland’s Prime Minister Nicola Sturgeon has said she will “restart” the debate on Scottish independence in the coming weeks, according to The Independent.  Key quotes (Source: Reuters, The Independent) Second independence referendum will hinge on Brexit. Scotland should ‘stay in single market’. May must accept ‘enormous folly’ of a hopeful trade deal with Trump.       The […]

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Despite all the pressure, China didn’t ‘fold’ – China Daily

May 21, 2018 Forex news forex trade 0

“Despite all the pressure, China didn’t ‘fold,’ it stood firm and continually expressed its willingness to talk, the English-language newspaper China Daily wrote while cheering Beijing’s and Washington’s decision to put trade war on “hold”.  The newspaper cites China’s chief negotiator, Vice Premier Liu He, as saying the talks had proved to be “positive, pragmatic, constructive and […]

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5-Star, League want ECB to forgive €250 billion of Italy debt

May 21, 2018 Forex news forex trade 0

The anti-establishment 5-Star Movement and far-right Northern League plan to ask the European Central Bank (ECB) to forgive €250 billion of Italian debt. The draft accord also calls for renegotiation of Italy’s European Union budget contributions, end of sanctions against Russia and plans to scrap a 2011 pension reform that raised the retirement age, according to Reuters […]

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China Official: China to encourage equity financing to ease debt reliance

May 21, 2018 Forex news forex trade 0

Reuters reports comments from Jiang Yang, Vice-Chairman of the China Securities Regulatory Commission (CSRC), as quoted by the Chinese state-run Securities Times newspaper on Monday. Jiang, speaking at a forum, said China must vigorously promote equity financing to boost the long-term capital of enterprises and reduce their dependence on debt. The CSRC said on Friday that […]

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Venezuela’s Nicolas Maduro wins presidential election – Bloomberg

May 21, 2018 Forex news forex trade 0

Bloomberg is out with the breaking news, citing that Venezuela’s Nicolas Maduro wins the presidential election for another six-year term. The victory hands him sole ownership of the nation’s crushing financial and economic crisis. “The economy has deteriorated to the point that electricity and running waters are luxuries and malnutrition is rampant. Neighbor countries and […]

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Japan’s trade surplus with the US rose 4.7 percent in April

May 21, 2018 Forex news forex trade 0

Japan logged a trade surplus of JPY 615.7 billion with the US in April – up 4.7 percent year-on-year as exports rose 4.3 percent year-on-year in April, faster than a 0.2 percent annual increase in March, according to Reuters.  The rising trade surplus might make a potential target for US President Donald Trump’s protectionist policies. The overall […]