Special Reports

OPEC+ meeting: Are deeper production cuts on the cards? – Special Report

Posted on December 3, 2019 at 4:40 pm GMT

OPEC, Russia and other major oil producers will meet in Vienna on December 5-6 to decide what production quotas to set as the current arrangement to cap output is set to expire in March 2020. The club’s largest producer, Saudi Arabia, is pushing for deeper cuts. However, its key strategic partner – Russia – is unlikely to agree to anything more than an extension of existing limits. But as oil prices aim to finish the year more than 20% higher, [..]

Johnson, Corbyn, and the pound: An election guide – Special Report

Posted on November 28, 2019 at 3:16 pm GMT

On December 12, Britons will head to the polls to elect their new government, in what promises to be one of the most crucial elections in recent history. The result could decide what form Brexit takes, whether there’s a second referendum, and how much fiscal stimulus will be injected into an economy paralyzed by uncertainty. As for the pound, a clear Conservative majority would likely propel the currency higher, but even in that case, any rally may not be sustained [..]

Is the trade war morphing into a new cold war? – Special Report

Posted on October 18, 2019 at 1:05 pm GMT

The trade conflict between Washington and Beijing took a breather lately, after the two camps agreed on some small issues and reached a de-facto truce. Even if this small agreement is finalized in November though, a ‘big’ deal wouldn’t be any closer as neither side is ready to compromise on the real issues. For that to change, a US recession might need to come on the horizon, making Trump soften his stance to boost the economy before the 2020 election. [..]

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As Lagarde prepares to take over the helm, troubles brew at the ECB; how will euro be affected? – Special Report

Posted on October 17, 2019 at 2:19 pm GMT

It will be a significant day in the history of the Eurozone on October 31 when Mario Draghi – widely viewed as the man who saved the euro – will step down as President of the European Central Bank. He will be replaced by former IMF Managing Director Christine Lagarde, making her not only the first woman to head the ECB but also the first time that the Bank will be led by someone who is a former lawyer and [..]

What’s next in the shifting Brexit saga? – Special Report

Posted on October 11, 2019 at 12:54 pm GMT

Markets have become more optimistic on Brexit, after the UK and Irish leaders said they see a ‘pathway’ to a deal. Yet, if Boris truly watered down his stance enough to make a deal possible, he will likely lose the support of his hardline Brexiteers, so any accord may be rejected by Parliament. Hence, another Brexit extension that is followed by an election still seem inevitable. Since that could make both a future deal and a second referendum more likely, [..]

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Could Facebook’s Libra put central banks on the digital front first? – Special Report

Posted on September 27, 2019 at 10:31 am GMT

Facebook’s plans of launching its own cryptocurrency at some point next year raised the alarm in the central bank community, which already faces issues of meeting its objectives. However, what looks to be just an idea now, could turn  into a competitive game and a pivot point to the means of exchange if regulators pull the trigger. What is Libra? Since the unanimous release of the famous Bitcoin in 2009, there has been little progress in making cryptocurrencies well-recognized and acceptable means of [..]

What now for Boris and sterling after UK Supreme Court rules prorogation unlawful – Special Report

Posted on September 25, 2019 at 8:58 am GMT

The highest court in the United Kingdom has landed a fresh blow for Prime Minister Boris Johnson after it ruled that the government’s decision to suspend Parliament was unlawful. The surprise ruling cut Johnson’s trip to New York short where he was hoping to meet his EU counterparts on the sidelines of the United Nations General Assembly to speed up progress in the Brexit negotiations. But following the Supreme Court’s decision, it’s unclear whether Johnson can stay on as prime [..]

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Commodity dollars bounce back on easing headwinds but outlook remains as clouded as ever – Special Report

Posted on September 12, 2019 at 2:24 pm GMT

Commodity-driven currencies such as the Australian, New Zealand and Canadian dollars are enjoying a bit of a reprieve from an extended sell-off as rekindled hopes of a US-China trade deal and increased stimulus around the world have energized the struggling currencies. But despite early indications that the upcoming trade talks may actually produce substantive progress, the range of factors weighing on the aussie, kiwi and loonie means more downside is likely to come. The ongoing trade war has dented the [..]

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Salvini may have thrown a boomerang – Special Report

Posted on August 26, 2019 at 2:03 pm GMT

Matteo Salvini, the right-wing League Deputy Prime Minister, fired up a political crisis in Italy after pulling support for the coalition government earlier this month, forcing the Prime Minister Giuseppe Conte to resign and the marriage with the leftist Five Star Movement (M5S) to break down. Starting consultation with the main political parties, President Sergio Matarella will push efforts to form a new alliance and avoid snap elections before the 2020 budget discussions with the EU start. The plan, however, [..]

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Can monetary and fiscal stimulus save the global economy from Trump’s trade war? – Special Report

Posted on August 23, 2019 at 11:04 am GMT

Stock markets around the world have rebounded this week as talk of stimulus in China and Germany has given rise to hopes that pre-emptive action by policymakers can avert a global economic downturn triggered by President Trump’s protectionist policies. But with a US-China trade deal fast slipping away, do governments and central banks have enough firepower to prevent a new global crisis from unfolding? World interest rates have hit rock bottom With interest rates in most advanced economies not recovering [..]

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