Search Results for: Citi
Oil Trims Weekly Drop as U.S. Production Falls Most Since 2013
July 8th, 2016
U.S output fell 2.3%, stockpiles slide 7th week, EIA reports Stockpile decline was less than forecast, API report Oil trimmed its biggest weekly decline in five months as investors weighed the largest drop in U.S. output since 2013 against ...
10 questions about Brexit’s impact on the auto industry
July 7th, 2016
The shock waves from the U.K.’s historic vote to leave the EU are about to hit the global auto industry. Analysts predict that falling sales and rising costs are the most likely outcomes for automakers as Europe’s second-largest car ...
Forget gold, silver is on fire and could hit $25/oz. by the end of 2016
July 7th, 2016
Silver has seen double the percentage gain of gold since Brexit Silver has outshined its sister metal since the U.K.’s decision to leave the European Union sparked turmoil in global equities markets, and the rally could lift the white ...
Romanian police reveal Israel links to illegal binary options firms
July 7th, 2016
Romanian prosecutors are set to try at least 10 individuals involved in alleged forex and binary options fraud who were operating illegally on Romanian soil, the country’s Police Directorate for the Investigation of Economic Crimes told The Times of ...
Robots Are Taking Divorce Lawyers’ Jobs, Too
July 7th, 2016
Online tools that are cheaper than lawyers improve access to justice. Buyers and sellers on EBay use the site’s automated dispute-resolution tool to settle 60 million claims every year. Now, some countries are deploying similar technology to let people ...
Can You Imagine The Fed Raising Interest Rates In This World? Europe In Chaos Edition
July 7th, 2016
Two short months ago it was generally expected that US interest rates would rise for the balance of the year — a move made possible by steady economic growth and general global stability. Here’s a representative piece ...
U.S. Stocks Advance Amid Drug-Maker Rally as Caution Subsides
July 7th, 2016
Fed minutes show heightened uncertainty on job data, U.K. vote Banks, commodity shares rise after erasing early losses U.S. stocks advanced, led by gains among drug companies, as cautious sentiment eased amid speculation the American economy can weather the ...
McDonald’s wins EU ‘Mac’-ruling
July 5th, 2016
McDonald’s has won a case that could stop another company using the “Mc” or “Mac” prefix on its food and drink. A European court upheld a 2013 ruling that said the MacCoffee trademark of a Singaporean company, Future Enterprises ...
Reserve Bank of Australia decided to leave the cash rate unchanged
July 5th, 2016
At its meeting today, the Board decided to leave the cash rate unchanged at 1.75 per cent. The global economy is continuing to grow, at a lower than average pace. Several advanced economies have recorded improved conditions over the ...
Something Huge Is Coming From Japan
July 4th, 2016
Pretend, for a minute, that your country responds to the bursting of a credit bubble by borrowing unprecedented amounts of money and using it to prop up banks and construction companies. This doesn’t work, so you create record amounts ...
