Donald Trump threatens to use executive power to build border wall as government shutdown talks continue January 5, 2019 US President Donald Trump has threatened to use his executive powers to force through his proposal for a border wall between the United States and Mexico with the government still in shutdown. A meeting will take place this weekend between a team of Democrats and trio of Republicans led by vice-president Mike Pence as they look [...]
US Federal Reserve chairman Jerome Powell says he would refuse to step down if asked to by Trump January 4, 2019 US Federal Reserve chairman Jerome Powell has said he will not resign even if he is asked to by president Donald Trump. Powell responded “no” when asked whether he would resign if asked by the president at the American Economic Association’s annual meeting, CNBC reported. Powell was appointed by Trump, however the president has become [...]
House votes to end shutdown despite Trump veto threat over border wall January 4, 2019 The US House of Representatives has voted to end the partial government shutdown without funding President Donald Trump’s border wall. The congress, which is now under Democrat control, passed a bill to fund homeland security until 8 February, as well as measures to fund other federal agencies currently affected by the shutdown. But the move [...]
Trump blames US government shutdown on Democrats’ 2020 election efforts January 3, 2019 US President Donald Trump has blamed the ongoing partial federal government shutdown on his opponents playing politics, as the new look Democrat-controlled congress convenes for the first time. Shortly before newly-elected members were sworn into the House of Representatives, including two Muslims, Trump said Democrats were “going all out on the desperately needed Wall and [...]
Oil price volatility driven by supply curbs and worries about economic contraction January 3, 2019 Oil prices were changeable today as evidence that production had dropped was counterbalanced by fears of an econonomic contraction that could hit demand. A survey from Reuters showed oil supply had its largest month-on-month drop since January 2017 in December. The 15 countries that make up the Organisation of the Petroleum Exporting Countries (Opec) pumped [...]
From Brexit to tariffs, brace yourself for an uncertain 2019 January 3, 2019 Get ready for a 2019 full of uncertainty. On the political scene, headline events range from Brexit to the US-China trade tensions to EU reforms – all coming at a vulnerable stage in the business cycle, with half of US chief financial officers expecting a recession in 2019, and over 80 per cent by 2020. [...]
Global stock markets stumble into New Year as investors spooked by economic fears in China and US January 2, 2019 Stock markets staged a recovery this afternoon after economic fears continued to weigh on both the FTSE and Wall Street into 2019 after they recorded 10-year lows in 2018. The FTSE 100 recovered to close 0.04 per cent down after an initial 1.8 per cent fall, and Wall Street also rallied after tumbling as it opened, spooked [...]
Elizabeth Warren looks to challenge Trump in 2020 race January 1, 2019 US senator Elizabeth Warren has become the first to throw her hat in the ring as the Democratic Party searches for a challenger to run against President Donald Trump in 2020. The liberal firebrand said yesterday she was forming an exploratory committee, the first step along the path to challenge for the party’s nomination. The [...]
Donald Trump set to visit the UK for the second time in May December 31, 2018 US President Donald Trump may visit the UK for a second time in May next year, as part of a rescheduled state visit with Theresa May to coincide with 100 years since the end of the Second World War. Woody Johnson, US ambassador to the UK, told the BBC today that the centenary commemoration "would be [...]
Which stock markets look ‘cheap’ as we head into 2019? December 31, 2018 | City Talk 2018 was a rumbustious year for stock markets, with things really coming to the fore in the latter stages. With investors having grown accustomed to an unusual oasis of calm over recent years, volatility was back with a bang. However, as the dust settles, there is a silver lining for stock market investors. Even before [...]
