International Finance

Tag : Donald Trump

Economy

Italy to push for ties with Iran

Remains undaunted by Trump’s election as US president IFM Correspondent November 24, 2016: In a rebuttal to US president-elect Donald Trump, Italy’s industry minister pledged to support business deals with Iran potentially worth billions of dollars. Iran re-joined the global business scene in January this year after the US decided to lift sanctions on the...
Economy

Italy to push for ties with Iran

Remains undaunted by Trump’s election as US president IFM Correspondent November 24, 2016: In a rebuttal to US president-elect Donald Trump, Italy’s industry minister pledged to support business deals with Iran potentially worth billions of dollars. Iran re-joined the global business scene in January this year after the US decided to lift sanctions on the...
Economy

Trump plans to quit Pacific deal

But silent on Obamacare and building a wall along the border of US and Mexico IFM Correspondent November 23, 2016: President-elect Donald Trump says US will quit Trans-Pacific Partnership (TPP) trade deal on his first day in office. The TPP trade deal was signed by 12 countries which together cover 40% of the world’s economy....
Banking Finance

Mortgage rates rise after Trump victory

The benchmark 15-year fixed-rate mortgage rose to 2.97 percent from 2.96 percent IFM Correspondent November 14, 2016: Mortgage rates have quickly surged ever since Trump was declared the victor of the US presidential election. Rates modestly changed, with the benchmark 30-year fixed mortgage rate rising to 3.73 percent, according to Bankrate.com’s weekly national survey. After...
Banking Finance

Now, all eyes on Trump’s team

Stock markets buoyed by expectations that global central banks will keep monetary policy loose IFM Correspondent November 14, 2016: Investors endured a rocky day of trading after the shock election of Donald Trump as the next US president sparked a bout of unusual volatility that rocked financial markets around the world. Shares and bonds whipsawed...
Economy

Iran says reversal of nuclear deal not possible

Other Arab leaders welcome Donald Trump’s victory IFM Correspondent November 11, 2016: Iran’s President Hassan Rouhani said that US president-elect Trump will not be able to reverse the nuclear deal. He said there is ‘no possibility’ of the nuclear deal being annulled. “The US no longer has the capacity to create Iranophobia and to create...
Economy

Employment grows in the US

Businesses added 175,000 jobs to the US economy in October IFM Correspondent November 4, 2016: US employers hired more workers in October and also hiked the wages of existing workers. Businesses added 175,000 jobs to the US economy in October and 156,000 jobs in September, while the unemployment rate ticked up to 5%. “The expected...
Economy

US Fed hints at rate hike

Will wait ‘for some further evidence of continued progress toward its objectives’ IFM Correspondent November 3, 2016: The Federal Reserve on November 2 hinted at hiking interest rates in December. For now, officials voted to keep rates unchanged following a meeting in Washington. They emphasised that the pace of rate hikes will depend on evolution...