Économie

Crude oil prices fall after US inventory build feeds oversupply fears

Crude oil prices fall after US inventory build feeds oversupply fears House Speaker Nancy Pelosi told Bloomberg TV that a bill for a compromise stimulus package is being written, raising hopes that lawmakers and the White House may be able to break a months-long impasse. OPEC+ would have to change its mind and announce a reversal of its planned output increase from January, and a working vaccine would have to be implemented before we'd see a breakout to the upside... [Full Article...]

China’s economic recovery quickens as consumption returns

China’s economic recovery quickens as consumption returns The third-quarter growth figure was allegedly not within the target range, however, it still lands China at the forefront of worldwide economic recovery. Macquarie Capital Ltd. economists also said in a note that they were not concerned as forecasting is more like "guesswork" in the year of Covid-19. The official urban surveyed unemployment rate edged lower to 5.4 percent in September. [Full Article...]

United Kingdom gets ready for no deal with EU

United Kingdom gets ready for no deal with EU European Council President Charles Michel is seen at a special EU Council summit in Brussels . "Such talks would be meaningless and would take us no nearer to finding a workable solution". This concluded with both sides agreeing to hold "contacts at all levels" to "significantly intensify" the implementation of the Withdrawal Agreement agreed between the two sides previous year. [Full Article...]

Stimulus talks are stuck as time runs short, Pelosi says

Stimulus talks are stuck as time runs short, Pelosi says After giving a deadline to the Trump administration to reach an agreement for a Covid-19 stimulus plan, Rep. Nancy Pelosi (D-California) slammed officials for wording changes she says are "unacceptable". "Uh - that's not what I'm gonna put on the floor". The proposal, which was blocked by Democrats last month, includes an extension of the Paycheck Protection Program, unemployment benefits, and... [Full Article...]

Bank of Canada Lists Job Looking for Economist to Research Canadian CBDC

Bank of Canada Lists Job Looking for Economist to Research Canadian CBDC China , which has been leading the charge when it comes to implementing a national virtual currency or central bank digital currency (CBDC), has publicly confirmed that it plans to become the first nation to challenge the global dominance of the United States dollar. [Full Article...]

Retail Sales rise by 1.9% in September vs. 0.7% expected

Retail Sales rise by 1.9% in September vs. 0.7% expected Apart from auto sales, retail sales rose by 1.5% last month. U.S. retail sales beat expectations in September, increasing 1.9% from the previous month - more than the Dow Jones economists' estimate of 0.7% - and 8.2% year over year, according to the U.S. [Full Article...]

London and Essex to go to 'Tier 2'

London and Essex to go to 'Tier 2' Ministers are holding a series of talks with MPs from the regions affected by the changes ahead of Health Secretary Matt Hancock giving a Commons update on the measures. Hancock said that discussions remain ongoing about areas that need to be moved into this highest alert category. Under Tier 2, households are also barred from mixing in pubs and restaurants. [Full Article...]

Ryanair réduit ses vols pour l'hiver

Ryanair réduit ses vols pour l'hiver Et ce, "en raison de l'augmentation des restrictions de vol imposées par les gouvernements de l'UE", notamment après la réduction des vols "à destination et en provenance d'une grande partie de l'Europe centrale, du Royaume-Uni, de l'Irlande , de l'Autriche, de la Belgique et du Portugal". [Full Article...]

Fourteen passengers from New Zealand reportedly detained in Melbourne

Fourteen passengers from New Zealand reportedly detained in Melbourne In a statement released late on Friday night, Victoria's Department of Health and Human Services said its authorised officers do not have legal authority to detain the travellers. It is unclear where the travellers are now. Border Force refused to comment on the matter Age to state authorities. "Why anyone would come to melb at this time I don't know", wrote another, in reference to the mont... [Full Article...]

US Elections 2020: Joe Biden leads Donald Trump by 7 points nationwide

US Elections 2020: Joe Biden leads Donald Trump by 7 points nationwide Murtaugh tweeted. NBC had received sharp criticism for scheduling its event at the same time as Biden. "The answer to the question is: NBC sucks". And this is amusing: "This is what Donald Trump told Savannah and Matt Lauer four very long years ago". There's no reason to suggest that there should be any right to deny your daughter. [Full Article...]

Macron warning to Johnson over fishing rights amid Brexit talks

Macron warning to Johnson over fishing rights amid Brexit talks European leaders have demanded Britain give ground on fair trade rules to unblock stalled post-Brexit negotiations, angering London and putting the fate of the talks in jeopardy. Boris Johnson claimed Brussels had "abandoned" the ambition but insisted "we always knew there would be change" next year once the transition period ends "whatever type of relationship we had". [Full Article...]

Trump says Whitmer 'wants to be a dictator in Michigan'

Whitmer has been highly critical of the president in the days following the thwarted plot to kidnap her. However, churches in MI are open, and some schools are open for in-person classes as well. Last week, while giving a statement after the Federal Bureau of Investigation announced it had foiled a militia group's attempt to kidnap her, Whitmer sharply criticized Trump for "stoking distrust" and "... [Full Article...]

How ready are the banks for a negative interest rate?

How ready are the banks for a negative interest rate? Cable still seen more steady on the day around 1.3040-50 now. This was an unprecedented move, and the lowest rate setting in the central bank's history. The deputy BoE governor stressed that the appropriate level of rate remains a decision for the Bank of England's Monetary Policy Committee (MPC), which sets monetary policy to meet the 2 percent inflation target in a way that helps to sustain ... [Full Article...]

WTO: EU can impose tariffs on $4 billion of USA goods

WTO: EU can impose tariffs on $4 billion of USA goods The EU, which drew up a list of potential American targets for tariffs a year ago that included handbags and ketchup, had been awaiting a final decision from the WTO about how much of a punishment it could impose. "We remain prepared and ready to support a negotiation process that leads to a fair settlement", he added. While the European Commission has said it would prefer a negotiated solution,... [Full Article...]

Coronavirus : la récession mondiale sera moins sévère que prévu, selon le FMI

Coronavirus : la récession mondiale sera moins sévère que prévu, selon le FMI Côté pays émergents et en développement (Chine exceptée), le recul global en 2020 devrait être de 5,7%, puis rebondir à 5% l'an prochain. Le niveau général du PIB en 2021 devrait être " modestement " supérieur de 0,6% à celui de 2019. Le PIB de la zone euro devrait lui aussi afficher une croissance négative de -8,3% cette année, avant une progression de 5,2% en 2021, selon le FMI . [Full Article...]

International Monetary Fund sees less severe global contraction but trouble in emerging markets

International Monetary Fund sees less severe global contraction but trouble in emerging markets ASEAN-5 economies are seen to contract this year by 3.4 percent, before expanding 6.2 percent next year. This prompted economic managers to revise their GDP estimate this year to a contraction of 5.5 percent, worse than their earlier projection of a 2 percent to 3.4-percent decline. [Full Article...]

U.S. Economists Awarded Nobel Memorial Prize in Economic Sciences

Speaking to reporters in Stockholm via a telephone link, Mr Wilson said the announcement had been "very happy news", conceding that despite his research focus he himself had "never participated in an auction". Before today, a total of 84 laureates had received the prize, known formally as The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. [Full Article...]

Amazon reveals new, Rivian-built electric delivery van

Amazon reveals new, Rivian-built electric delivery van The next time you order something from Amazon , this unique looking van might be delivering the packages to your doorsteps. "When we set out to create our first customized electric delivery vehicle with Rivian , we knew that it needed to far surpass any other delivery vehicle". [Full Article...]

European Stocks Rise With U.S. Futures; Yuan Falls: Markets Wrap

European Stocks Rise With U.S. Futures; Yuan Falls: Markets Wrap The safe-haven Swiss franc was flat against the euro at 1.07630. "The economic fallout of COVID-19 has accelerated the relative decline of the U.S.as the world's economic engine", said ANZ chief economist Richard Yetsenga. A recovering economy, a hefty yield premium in sovereign debt over Treasuries and the prospect of a USA presidential victory by Democrat nominee Joe Biden are all providing ... [Full Article...]

China's CBDC will be distributed in Shenzhen as part of public trials

China's CBDC will be distributed in Shenzhen as part of public trials The currency retreated to 6.7320 per dollar, after closing on Friday at the strongest level since April 2019. The Bloomberg Commodity Index fell 0.2%.West Texas Intermediate crude fell 2.8% to $39.47 a barrel.Gold weakened 0.3% to $1,924.35 an ounce. [Full Article...]


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