American Protectionism Makes Europe China and Russia Closer
Tariffs on steel and aluminum imports from Canada, Mexico and the EU will push countries to find new trading partners.
Bitcoin Drops 10%
The South Korean stock exchange has been hacked which has led to a loss in value of the crypto currency which is now trading around $6647.
Italian Debt Worries Financial Markets
The coalition regime and the decisions of this new Italian government worry the markets and the European Union.
The Risk of Default is Increasing in Asia
The risk of default is increasing in Asia and the powerful banks in America have to revised there default-rate forecasts.
Impala Platinum Cedes Half of its Mining Land
The large miner Impala Platinum gives half of its mining land to the Zimbabwean government.
Oil Exports of Iran Increase in spite of US Sanctions
Iran's crude oil exports reached 2.7 million barrels a day while the United States withdrew from the Iranian nuclear agreement and re-imposed sanctions.
The Yuan is On Track to Become a Global Currency
The Chinese government makes large efforts to boost his currency as a global currency. After the repression of capital outflows and the devaluation in 2015, the renminbi is growing again.
Société Générale fined $860 Million
The French bank will pay more than 860 million dollars in fines for corruption of Libyan officials and manipulation of a reference rate.
Deutsche Bank Faces Another Challenge
The famous bank will face another challenge when the Federal Reserve publishes the first results of the "stress test" on its U.S. operations.
Inflationary tariffs will Support Physical Gold
The world relationship trade are not better despit the break in trade war, but the result for gold investors could be very profitable.