Portugal seeks new bond investors, Novo Banco options open: finance minister

Portugal hopes to broaden the investor base for its debt this year, its finance minister said on Monday, predicting the country’s depressed bond market would revive as an economic recovery extended through 2017. In an interview with Reuters, Mario Centeno also said he did not rule out any option for the future of Novo Banco, including potential More...

by subhadip | Published 1 month ago
By subhadip On Monday, January 9th, 2017
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Oil down 3 percent on concerns over rising Iraqi exports, U.S. output

Oil prices tumbled by 3 percent on Monday on concern that record Iraqi crude exports and rising U.S. output would undermine OPEC’s efforts to curb global oversupply. U.S. crude futures CLc1 were trading at More...

By subhadip On Monday, January 9th, 2017
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Banks, oil stocks weigh on Wall St., keep Dow from 20,000

The Dow Jones Industrial Average declined on Monday, retreating from the historic 20,000 mark, weighed down by banks and energy companies, while a gain in technology stocks kept the Nasdaq afloat. Of its 30 components, More...

By subhadip On Saturday, December 3rd, 2016
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Duterte says Trump wished his drug crackdown ‘success’

President Rodrigo Duterte said Saturday Donald Trump wished his deadly crackdown on illegal drugs would succeed during a telephone call, and he assured the U.S. president-elect the Philippines would maintain More...

By subhadip On Saturday, December 3rd, 2016
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Russia’s Lavrov says difficult to solve peace treaty issue with Japan

Russian Foreign Minister Sergei Lavrov said on Saturday it would be difficult to close the gap in positions over a peace treaty and territorial dispute with Japan, two weeks before President Vladimir Putin visits. A More...

By subhadip On Saturday, December 3rd, 2016
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Italy’s referendum explained: What you need to know

Italian citizens will vote on constitutional reform on Sunday in what is seen by many analysts as the most significant European political event of 2016. Yes, even bigger than Brexit. What are Italian citizens More...

By subhadip On Saturday, December 3rd, 2016
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Natural gas becomes something Mexico, US can agree on as capacity soars

    A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, 2016. Persistent low oil prices have lead to slower business in much of North Dakota’s More...

By subhadip On Friday, October 28th, 2016
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Global Economy Weekahead – Warmup begins for the Great U.S. Rate Hike of 2016

Several of the world’s top central banks will meet in the coming week, but only one, the U.S. Federal Reserve, is set to start a final countdown on the second most anticipated event of the year after the More...

By subhadip On Friday, October 28th, 2016
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OPEC officials debate thorny issue of how to implement supply cut

OPEC officials began talks in Vienna on Friday aimed at working out details of their oil supply-cut agreement, which they concede is looking more complicated by the day. The meeting of the High Level Committee More...

By subhadip On Friday, October 28th, 2016
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Wall St. rises amid robust earnings, GDP data

Wall Street rose on Friday as robust economic data shone light on the strength of the U.S. economy, while upbeat results from Alphabet and Chevron offset the decline in health stocks and Amazon. The U.S. Commerce More...