Commodities
European Investment Bank to cut funding for fossil fuels
The European Investment Bank has agreed to phase out funding for fossil fuels by 2021 and become the world’s first “climate bank”, it announced on Friday.
Amazon to appeal Pentagon decision to award Microsoft $10bn contract
Amazon will appeal the Trump administration’s decision to grant a $10. 0bn defence contract for the Pentagon to rival Microsoft and has accused the government of showing “unmistakable bias”.
US pre-open: Stocks set for slight gains ahead of barrage of economic data
Stocks on Wall Street are being called to start the Friday session with small gains following upbeat remarks from a top White House official.
Cannacord cuts Weir Group target due to extended weakness in oil and gas sector
Analysts at Cannacord Genuity cut their target price on shares of Weir Group to reflect to reflect a now more sombre outlook for only a "modest recovery over an extended period" in the company's oil and gas operations.
US-China trade talks near successful conclusion, White House's Kudlow says
Trade talks between Washington and Beijing are nearing a successful conclusion and are now ongoing on a daily basis, the White House's top economic official said.
Saudi Arabia is 'running out of money' and needs funding from IPO
Saudi Arabia is slowly running out of money and needs the funds from the upcoming stock market listing of a small portion of state oil giant Saudi Aramco in December to finance its reform push, a former head of America's Central Intelligence Agency said.
US final demand prices fall back by less than expected in October
Wholesale inflation fell back by less than expected in October as energy and food prices bounced back.
China insists on US trade tariff roll-back
China reiterated its call for the US to roll back its trade tariffs as part of a phase-one trade deal between the two powers and pushed back on requests to provide detailed targets for increasing its purchases of US farm goods.
Second Trump call on Ukraine reveals president's insistence on Biden probe
A top US diplomat told Congress on Wednesday, in the impeachment hearings on Donald Trump, that a member of his staff had overheard the president on the phone with Ukraine pressing for a probe into the Biden family.
Policies to curb carbon emissions insufficient as energy demand rises - IEA
Current government policies to curb carbon emissions and save the world from climate catastrophe are falling short for the 2040 goal as energy demand is rising.
Policy settings at an appropriate level, Fed's Powell says
The head of the Federal Reserve sounded a confident note on the economic outlook on Wednesday and appeared to signal that the central bank's monetary policy was likely set to remain at its current level for an extended period.
US core CPI dips unexpectedly in October
The cost of living in the US increased more quickly than expected last month amid rapid increases in food and energy prices, especially for the latter, but stripping out those two categories it surprised to the downside.
Hillary Clinton: PM's decision to withhold report on Russian election meddling is 'shameful'
Former US Secretary of State Hillary Clinton said that UK Prime Minister Boris Johnson’s decision to withhold a report on Russian meddling in UK politics is “shameful”.
US small business optimism improves in October
Confidence in the US economy rose amongst small business owners in October as recession fears eased, according to the National Federation of Independent Business.
German investor sentiment improves more than expected
German investor sentiment improved more than expected in November amid growing optimism about Sino-US trade relations, according to the latest survey from the ZEW Center for European Economic Research in Manheim.
Spanish elections: PSOE win but far-right Vox celebrates surge
Center-left PSOE managed to secure another win in Sunday’s general elections in Spain but failed to clinch an absolute majority with talks between the main parties to form a coalition expected in the near future.
ECB council pushes Lagarde to overhaul policymaking
The European Central Bank's newly arrived leader Christine Lagarde is facing pressure from the governing council to overhaul how monetary policy is decided and improve the monetary authority's internal decision-making process.
Top Shi'ite cleric adds voice to calls for reforms in Iraq
The top Shi’ite cleric in Iraq has expressed concern that the nation's government will not follow through with reforms it had promised in order to defuse protests, according to a senior UN official.
OECD calls for global minimum corporate tax rate
The OECD has proposed that technology giants and other large multinationals face a global minimum level of corporate taxation, even in the case of having legally shielded their profits in tax havens.
US consumer sentiment improves a touch in November
US consumer sentiment improved a little in November, according to a preliminary reading from the University of Michigan.