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.
Jan Hatzius, chief economist at Goldman Sachs, sees the deficit ballooning to $2.05 trillion (7 percent of GDP) by 2028.
Americans are in a borrowing mood, and their total tab for consumer debt could reach a record $4 trillion by the end of 2018.
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.
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.
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.
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.
Jody Chudley : "If you wake up tomorrow and oil prices have spiked to $100 per barrel, here is what will have happened."
Jim Rickards gives his opinion about the blundering Into Recession
So much for the Blockchain Week bounce.