Jay Bee

1,202 Flips | 1 Magazine | 16 Likes | 52 Followers | @johnabenjamin | Keep up with Jay Bee on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Jay Bee”

OPEC Sends Strongest Signal That Cuts May Extend to End of 2018

OPEC sent its strongest signal yet that output cuts will be extended until the end of 2018, saying negotiations are taking their lead from Vladimir …

Moody's warns UK consumers are vulnerable to BoE rate hike

LONDON (Reuters) - British consumers are vulnerable to a hike in interest rates, ratings agency Moody’s said on Thursday, two weeks before the Bank of England is widely expected to hike borrowing costs for the first time in more than a decade.<p>People walk past the Bank of England in London, Britain, …

The City

Germany's Schauble denies 'Grexit' threat

German finance minister Wolfgang Schäuble has said he is confident ‘‘Greece is on the right economic path’‘.<p>His comments come ahead of a key Eurogroup meeting in Brussels on Monday to discuss Greece’s debt burden.<p>With fears returning over the country’s future in the euro, Schäuble denied claims …

France's euro exit debate could hurt other ratings in bloc - DBRS

LONDON (Reuters) - Ratings agency DBRS said on Monday that proposals from France’s far-right presidential hopeful Marine Le Pen to negotiate a process for countries to leave the euro zone could have implications for France’s rating and the bloc’s other members.<p>Marine Le Pen, French National Front …

Credit Rating

Citing Trump and Brexit, EU sees euro zone economy risk, sharp drop in UK growth

BRUSSELS (Reuters) - The European Commission said on Monday that uncertainty about U.S. policies, Brexit and elections in Germany and France would take their toll on the euro zone economy this year.<p>It forecast euro zone economic growth to lose some speed this year before rebounding in 2018. It saw …

European Union

The Trump-Abe Summit Will Be on Currency Traders' Radar

The last time dollar-yen traders were this focused on a U.S.-Japan summit might have been when Bill Clinton and Kiichi Miyazawa haggled over trade …

Unintended effects of Trump's trade policy beginning to emerge

Two months ago, I predicted that President Trump’s attempts to pick winners and losers in the marketplace would ultimately fail. No single person or …

It's Not Greece The Eurozone Needs To Worry About, It's Italy Defaulting That Would Be The Problem

Yes, Greece is once again stuck in the mire of wondering how it can possibly pay its debts. There’re repayments that have to be made this summer and Greece just doesn’t have the cash–thus it’s dependent upon further loans from the eurozone in order to be able to meet those payments. There are …

World’s Biggest FX Trader Calls Trump Currency Talk Hogwash

Hogwash. Hot air.<p>That’s what Willem Buiter, chief economist at Citigroup Inc., makes of the Trump administration’s comments on exchange rates. The …

Bank of England: Charlotte Hogg appointed as deputy governor

<b>Charlotte Hogg has been appointed as the Bank of England's new deputy governor for markets and banking.</b><p>Ms Hogg, who is currently the Bank's chief operating officer, will succeed Minouche Shafik, who is leaving the Bank at the end of February.<p>Her role will cover responsibility for the Bank's …

Investing

Why Copper Is A Better Hedge Against Inflation Than Gold

Gold is said to be an excellent hedge against inflation, as gold tends to rise along with inflation (expectations). InvestingHaven's research team …

Gold: Uncertain Future, Expect Volatility

By<p>Feb. 9, 2017 1:35 p.m. ET<p>Gold futures slipped on Thursday after robust U.S. economic data suggested a strengthening economy. Rising wholesale …

Merkel says euro zone must remain one bloc

BERLIN (Reuters) - The euro zone must remain as one bloc, German Chancellor Angela Merkel said on Thursday, urging members of the single currency bloc to deliver on their common commitments.<p>FILE PHOTO: German Chancellor Angela Merkel attends a press conference in Warsaw, Poland, February 7, 2017. …

Angela Merkel

Private consumption likely to rise by 1.5 percent in Germany in 2017 - GfK

NUREMBERG, Germany (Reuters) - Private consumption will probably increase by 1.5 percent in real terms in Germany, Europe’s largest economy, this year but the economy faces risks including Brexit and uncertainty about the new U.S. government, the GfK institute said on Thursday,<p>People walk through …

German Economy

Trump's Trade Policies Only Make the Dollar Stronger

Donald Trump is off to a controversial start as U.S. president, but for the most part financial markets have been fairly relaxed about American and global economic prospects despite the lack of any precise contours for the new administration's fiscal strategy.<p>In fact, the markets have barely …

Economy

Opinion: How to survive the 2017 currency crisis

There are a lot of pronouncements coming out of Washington right now. And while the initial “Trump bump” for stocks in November and early December …

Mexico Raises Key Rate After Inflation Surges and Peso Stumbles

Mexico’s central bank raised borrowing costs for a fourth straight meeting as President Donald Trump’s election undermined the peso and fuel prices …

Italy's UniCredit bank posts massive $14.5 billion loss

MILAN (AP) — Italian bank UniCredit announced a heavy fourth-quarter loss Thursday of 13.6 billion euros ($14.5 billion) as its new CEO moved to …

Loans

BILL GROSS: Foreign central banks have kept the US from a recession

Although Gross writes about the existential meanings embedded in Donovan's line about happiness, he says the line more importantly reminds him of history repeating itself, particularly financial history. Apparently, Gross saved two notes to himself on a "finance-based economy" that he jotted down …

Central Banks

Germany's 2016 trade surplus sets record, may fuel U.S. tensions

BERLIN (Reuters) - Germany’s trade surplus climbed to a record high in 2016, official data showed on Thursday, days after U.S. President Donald Trump’s top trade adviser accused Berlin of exploiting a “grossly undervalued” euro to its advantage.<p>The surplus is likely to worsen tension between …

Economy

Greek crisis descends into blame game

Greece is under mounting pressure to embark on a new wave of economic reforms, as its international creditors demand extra efforts to drag the country out of its latest crisis.<p>At the same time Germany is facing fresh demands from the International Monetary Fund (IMF) to write off some of the money …

Mexico raises interest rates a half point to 5.75 percent

MEXICO CITY (AP) — Mexico's central bank says it's raising its interbank lending rate by one-half percent to 5.75 percent.<p>The announcement comes on …

Interest Rates

The 4 Most Important Effects of Rising Interest Rates | Investopedia

The Federal Open Market Committee (FOMC), the Federal Reserve's interest-rate setting panel, voted unanimously on Wednesday to raise the federal …

Stock Markets

Dollar Climbs to Strongest Since 2003 on Fed Path; Bonds Drop

The dollar rallied to its strongest level since 2003 against the euro, while gold plunged as the prospect of a steeper path for U.S. interest rates …

Oil prices settle flat despite rising dollar, trade volatile

NEW YORK (Reuters) - Oil settled little changed on Thursday after sliding to its lowest level in a week in volatile trade, but a surging dollar did not pressure prices below technical support levels as OPEC members told customers they would cut crude supplies.<p>A general view of the Centenario …

Oil

The Australian economy just got a whole lot closer to China

Under the agreement, which went into effect at the end of 2015, more than 86% of Australian exports — worth almost AUD $90 billion — now enter China duty free. This will rise to 93% in 2019 and 98% in 2029.<p>Given 32% of Australian exports ship to China, this trade deal represents a critical …

Greece snubs lenders, approves Christmas bonus as Europe divided

BRUSSELS/ATHENS (Reuters) - Greece snubbed its international lenders and legislated plans on Thursday to give pensioners a one-off Christmas bonus despite misgivings from creditors in a standoff over the country’s third bailout.<p>European Commissioner for Economic and Financial Affairs Pierre …

Europe

FTSE ends higher led by banks, Centrica

LONDON (Reuters) - UK shares rose on Thursday, helped by stronger banking stocks and Centrica (CNA.L), although mining companies fell after the U.S. Federal Reserve raised interest rates.<p>People walk through the lobby of the London Stock Exchange in London, Britain August 25, 2015. REUTERS/Suzanne …

Interest Rates

Fed raises interest rate and projects more hikes in 2017 to fight off inflation

A slowly improving economy and the possibility of higher inflation from President-elect<p>Donald Trump’s proposed policies ledFederal Reserveofficials on Wednesday to hike interest rates for the first time in a year and signal three more small increases for 2017.<p>Although Trump’s plans — including …

Economics

Opinion: Eight stocks that will benefit from the failure of the new OPEC agreement

No sooner had the Organization of the Petroleum Exporting Countries (OPEC) announced its first production cut in eight years, putting a powerful bid …

Oil