Oil closes in on US$72 as US, China reach trade truce
OIL advanced near US$72 a barrel as an economic truce between the United States and China eased fears of a trade war, and before a meeting on crude prices between the ministers of top producers Russia and Saudi Arabia.
US likely to slap tough oil sanctions on Venezuela
Venezuelan President Nicolas Maduro won re-election to another six-year term on Sunday, despite widespread anger over the South American country's crushing economic and social crises.
The U.S. is Shackled by Historic Debt
Do you feel as if you’re drowning in debt? It’s worse than you think.
Which countries are dumping the dollar and why ?
The European Union is considering switching payments from the US dollar to the euro after Washington threatened to target European firms working in Iran, according to reports.
Goldman Sachs: The fiscal outlook for the US 'is not good'
Jan Hatzius, chief economist at Goldman Sachs, sees the deficit ballooning to $2.05 trillion (7 percent of GDP) by 2028.
Consumer debt is set to reach $4 trillion by the end of 2018
Americans are in a borrowing mood, and their total tab for consumer debt could reach a record $4 trillion by the end of 2018.
Vancouver miner to become one of Nova Scotia’s largest single mineral claim holders
Coronet Metals (TSXV: CRF) announced this week that it has entered into an agreement to gain 100% interest in 3,888 mineral claims totalling over 62,000 hectares in the Meguma Gold Belt located in Nova Scotia, eastern Canada.
US & China put trade war ‘on hold,’ agree more talks
The US-China trade war is “on hold” after the world’s two largest economies agreed to stop threatening new tariffs ahead of further negotiations on a wider trade deal.
Peso crisis highlights fragility of Argentina's economy
Buenos Aires (AFP) - Argentina appears to have resolved, at least in the short term, the crisis over the peso and its depreciation by taking drastic action -- but analysts warn the policy is untenable over time.
Lagging inflation and indecisiveness could delay Bank of Japan’s exit from easing
The Bank of Japan’s preferred inflation gauge fell for the second straight month in April, dropping from 0.9 percent in the previous month to 0.7 percent, as consumer prices refuse to cooperate with the BOJ’s 2 percent inflation target, according to government data released Friday.