Turkish Lira Falls After Central Bank Takes Rate Hike Off the Table
Turkey’s troubled lira fell to its lowest level since October on Thursday after its central bank scrapped a pledge to…
Deutsche Bank and Commerzbank End Merger Talks
German hopes of creating a national banking champion able to challenge global competitors were dashed on Thursday when Deutsche Bank…
US Durable Goods Order Beat Expectations with Major Rebound
New orders for U.S.-made capital goods increased by the most in eight months in March, but a drop in shipments…
US Unemployment Claims Rose by 37,000 But Still Show Strong Employment
The number of Americans filing applications for unemployment benefits increased by the most in 19 months last week, but the…
Brent Rises After Russian Supply Concerns
Brent oil rose above $75 per barrel on Thursday for the first time this year as quality concerns forced the…
Germany and Poland Suspend Russian Oil Imports on Contamination Concerns
Germany and Poland have suspended imports of Russian oil amid contamination concerns, prompting a rare crisis over supply from the…
Reuters Poll Shows Fed to Cut Rates in 2020
The U.S. Federal Reserve is done raising interest rates until at least the end of next year, while about a…
Oil Set to Rise in Summer if US Sanctions Remain and OPEC+ Keeps Deal
The summer driving season may just have gotten more expensive. US and global crude oil prices are near six-month highs…
Euro Falls on Softer German Business Confidence
The euro fell against the U.S. dollar on Wednesday after data showing a surprise deterioration in business morale in Germany…
Saudi Arabia Leading $1 Trillion Investment in Middle East and North Africa
The energy sector in the Middle East and North Africa will amass almost $1 trillion in investment over the next…