News 

Iran, Azerbaijan stress bolstering trade ties in business forum

“Previous to the business forum, the 13th Iran-Azerbaijan Joint Economic Committee meeting was also held in Baku on Wednesday” reports tehrantimes.com. He called for the establishment of a preferential trade agreement between the two countries aimed at increasing the volume of trade exchanges.TEHRAN – Attended by senior officials, entrepreneurs and businessmen from both sides, an Iran-Azerbaijan business and investment forum was held in Baku on Thursday.Azerbaijan hasn’t had such a boost in trade with any other country.” The official said. Source: tehrantimes.com

Read More
News 

Iranian companies are top priority in Syria’s reconstruction projects: envoy

“The ambassador stressed the need for providing facilities in order to further expand the economic cooperation between the two countries” reports tehrantimes.com. Also in January, the 14th preparatory meeting of Iran-Syria high joint technical committee of economic cooperation was held at Damascus.Speaking in a meeting between the representatives of Syrian private sector with the Iranian Minister of Industry, Mines and Trade Reza Rahmani along with officials of the Iranian cooperatives chamber, Mahmoud noted that the Iranian private sector is a key partner in reconstruction of Syria’s infrastructure.Amini had also said…

Read More
News 

China’s Premier Acknowledges Economic Slowdown, Promising Tax Cuts

“Li delivered his acknowledgment of the slowdown at an annual meeting with foreign and domestic reporters that the Chinese leadership often uses to outline its priorities to its people and the world” reports nytimes.com. However, recently released economic data has suggested that the government is indeed turning to monetary expansion and heavy infrastructure investments in an effort to stabilize growth.He appeared to be addressing concerns that the United States and some of its allies have been raising about Huawei, the Chinese technology giant. Source: nytimes.com

Read More
Markets News 

Don’t look now, but global economic reports are starting to surprise investors in a good way

“Economic data continued to disappoint in early 2019, though more recent readings have shown signs of stabilization” writes Deputy Markets Editor for marketwatch.com. It’s worth watching, however, because it picks up changes much more quickly than the 12-week window (captured by the black line) which is similar to what’s used in most economic surprise indexes, he noted.Efforts by China to boost its economy, which is facing cyclical headwinds as well as trade-related worries, have also cheered investors.At the same time, worries over the outlook for global growth have at times…

Read More
News Stocks 

Stocks rise modestly as investors parse conflicting economic data and China trade headlines

“AMZN, +1.17% stock rose 0.5% early Friday, after KeyBanc Capital raised its rating on the stock to overweight” writes Markets Reporter for marketwatch.com. BIOS, -28.65% stock fell 30%, after the company announced a deal to merge with privately held Option Care Enterprises Inc.The stock fell .50.9% Friday.U.S. stocks rose Friday as the major benchmarks aim for their most robust weekly gains in a month, and as investors parse optimistic headlines on U.S.-China trade developments as well as conflicting data on the U.S. economy.The gains would mark the biggest weekly gain…

Read More
News Oil 

Oil prices stable amid sanctions and OPEC cuts, but economic concerns drag

“Oil prices were steady on Friday amid support from ongoing supply cuts led by OPEC and U.S. sanctions on Venezuela and Iran, but weighed down by concerns that an economic slowdown will soon start denting growth in fuel demand” writes Lucy Nicholson for cnbc.com. Crude oil use by China’s refineries in the first two months of 2019 rose 6.1 percent from a year earlier to a record 12.68 million bpd, official data showed this week.Meanwhile, a political and economic crisis in Venezuela combined with U.S. sanctions against Venezuela as well…

Read More
GBP News 

Why Hammond’s Brexit war chest is smaller than it looks

“A tantalising glimpse of a golden future is on offer, if MPs play their cards right” writes Tim Wallace for telegraph.co.uk. Easy cash is within their grasp, just waiting to be unlocked.Philip Hammond dangled the prospect of £26.6bn before their eyes, telling Parliament that if they behave themselves and back a Brexit deal the taps can be turned on.The ‘end of austerity’ can turn from simply an end to restraint into a new age of cash for all. “If we leave the EU with a deal and an orderly transition…

Read More
News 

UBS Global Wealth Management president says the future of US citizens is at risk if we don’t repair decaying bridges and outdated transit systems

“But these tools will be virtually useless without modernized telecommunications and energy infrastructure” writes Tom Naratil for businessinsider.com. That’s why 65% of high net worth investors and 61% of business owners want utilities to be a focus of infrastructure improvements.Small business owners and high net worth investors agree: 81 percent of both groups believe infrastructure investments are the key to long-term economic growth.These jobs will require state-of-the-art energy infrastructure to flourish. Source: businessinsider.com

Read More
News 

Citi Preps For Corporate Banking Uptick

“While business with its corporate clients slowed down at the start of the year, Citigroup said it is preparing for its corporate banking operations to pick up as the year moves forward” reports pymnts.com. According to Mason, there is a “disconnect” between economic data and concerns about an economic downturn, and the strong performance of the bank’s corporate customers across the globe. Last month Citi announced a partnership with corporate treasury and cash management solution provider Kyriba, which will connect its business customers to faster payment capabilities provided by Citi.While…

Read More
GBP News Stocks 

Stocks struggle fore direction as investors parse trade news, weak Chinese economic data

“Boeing shares BA, -0.52% rose 0.6% early Thursday, though the stock has lost 10.1% so far this week” writes Markets Reporter for marketwatch.com. Stock markets in Asia ended Thursday lower after data showing that Chinese industrial production slowed more than expected in January and February.Bloomberg News reported Thursday that a meeting between President Donald Trump and Chinese President Xi Jinping will be delayed until at least April, news that appeared to weigh on stock-index futures.The S&P 500 index SPX, -0.15% added 19.40 points, or 0.7%, to end at 2,810.92, its…

Read More