Buying or Selling: Mining Leaders Talk About Their 2019 Plans
published Dec 20, 2018, 6:00:00 PM, by Danielle Bochove(Bloomberg) — U.S.-China trade tensions weighed on copper miners in 2018 as fears of a global economic slowdown overshadowed other fundamentals. Meanwhile gold producers struggled as bullion lost its safe-haven luster until late in the year. What’s ahead in 2019? We asked four
U.S. Is Said to Plan Withdrawal of 7,000 Troops From Afghanistan
published Dec 20, 2018, 7:22:50 PM, by Tony Capaccio(Bloomberg) — The U.S. plans to withdraw 7,000 troops from Afghanistan, about half the number that are currently there, according to a U.S. defense official. Reports of the move come one day after President Donald Trump said he would withdraw U.S. forces from
China Is Said to Prioritize Capital Market Reform in Coming Year
published Dec 20, 2018, 6:57:57 PM, by Bloomberg News(Bloomberg) — Chinese regulators will focus on improving the legal framework of capital markets and reducing state intervention next year, according to an official with knowledge of the discussions. Authorities came to a consensus on these key aims for China’s financial markets during
Want to Cut Your Tax Bill? Then Keep Reading and Call Your CPA
published Dec 17, 2018, 3:00:00 AM, by Laura Davison(Bloomberg) — President Donald Trump pledged that his tax law would kill off breaks and complex loopholes for the wealthy. Instead, the overhaul has ushered in a new generation of maneuvers that taxpayers can exploit before Dec. 31 to minimize next year’s bills.
Cuba Celebrates Historic Agreement With Major League Baseball
published Dec 19, 2018, 5:04:41 PM, by Maria Jose Valero and Eben Novy-Williams(Bloomberg) — Cuba celebrated a game changing agreement with Major League Baseball that will give Cuban baseball players a legal path to sign with teams in the U.S. “It’s a historic day,” Cuba’s ambassador to the U.S., Jose Ramon
More Than One Reason Traders May Have Disliked the Fed’s Message
published Dec 19, 2018, 5:14:57 PM, by Emily Barrett(Bloomberg) — Traders seemed to agree that they didn’t like what they heard from the Federal Reserve at its final meeting for the year, but exactly what caused most offense in markets was less clear. Stocks dropped and Treasuries rallied after the central
China’s Billionaire Factory Faces New Risks in the Trump Era
published Dec 17, 2018, 9:48:11 AM, by Blake Schmidt(Bloomberg) — Shenzhen, ground zero for China’s economic opening, has never had it better. But the glittering megacity is also poised to face a string of new threats in an era of increasingly contentious international relations. The Chinese city, in the Pearl River
Oil Spirals Below $47 as Dark Clouds Envelop Demand Outlook
published Dec 18, 2018, 4:43:52 PM, by Alex Nussbaum(Bloomberg) — Economic jitters and surging supplies from the U.S. to Russia hammered oil again, with crude suffering its biggest decline in more than three weeks. Futures slid 7.3 percent in New York on Tuesday, putting prices on track for their worst quarterly
Japan’s Exports Hold Up as Trade-War Risks Cloud the Outlook
published Dec 18, 2018, 6:03:45 PM, by Yuko Takeo(Bloomberg) — Japan’s exports eked out a tiny gain in November, yet the longer-term outlook remains clouded by trade-war risks and easing demand in China. The value of shipments abroad rose 0.1 percent from a year earlier, broadly in line with a forecast