RIYADH/KHOBAR, Saudi Arabia (Reuters) - Mobarak Musa, a mobile telephone salesman from Syria, has spent 10 years working in Saudi Arabia, sending part of his wages back home to support his parents and three brothers. A shift in Saudi labor policy means he won't be able to do so for much longer.
LONDON (Reuters) - European stock markets bounced back on Wednesday from the concerns over security that have dominated the past 24 hours, helped by a handful of more positive signals on the health of the world's major economies.
ZURICH (Reuters) - Credit Suisse Group on Wednesday announced 800 million Swiss francs ($821 million) in additional cost cuts and plans to shrink its investment bank further as part of a restructuring plan aimed at revitalizing its earnings.Like its global peers, Credit Suisse is grappling with record low interest rates, low commodity prices and slower growth in emerging markets such as China.
WASHINGTON (Reuters) - The U.S. government will give Chinese telecom equipment and smartphone maker ZTE Corp a three-month reprieve on tough export restrictions it imposed this month, the Commerce Department said on Tuesday.
BOSTON/NEW YORK (Reuters) - More cash, lower targets and bigger share awards - not all U.S. energy bosses are feeling the full impact of tumbling oil prices in their paychecks. Some oil and gas companies are making it easier for their top managers to meet performance goals or are offering more cash as a prolonged oil slump keeps share prices at lows not seen in five years, filings show.
HONG KONG (Reuters) - Sentiment at some of the biggest companies across Asia brightened in the first quarter of 2016, rising from a four-year low registered three months prior, as executives bet on economic improvement in China, a Thomson Reuters/INSEAD survey showed.
Following two days of rangebound moves, where Monday's modest market rebound was undone by the Tuesday just as modest decline (despite the early surge higher on the latest "bullish for stocks" European terrorism), overnight equity action continued to be more of the same, and as of this moment S&P 500 futures were unchanged, while European stocks were modestly higher. But while equities remain surprisingly uneventful despite loud warnings by both JPM and Goldman now that another bout of volatility and equity downside is coming, in FX there has been a substantial change, one which has seen the US dollar rise for a fourth day, the longest winning streak in a month, driven by the latest round of hawkish Fed jawboning courtesy of the Chicago Fed's Charlie Evens yesterday, which in turn has pushed down prices of oil, gold and copper.
As noted earlier by Bloomberg, the greenback gained against almost all of its major peers, with only the Japanese yen keeping pace, after a Federal Reserve official commented on the interest-rate outlook. This is in line with a warning issued by JPM yesterday, according to which selling of USD is about to fall out of vogue as it heads for worst month since 2011. The bank said hedge funds cut bets on further gains in dollar to the lowest since 2014 prior to last week's Fed meeting, and with speculators having already ditched the U.S. currency, few are left to sell and push it down further, making greenback less susceptible to outflows of hot money. The last 4 days appear to have confirmed just this.
Yesterday we were stunned when we learned that in order to support Ted Cruz and to "attack" Donald Trump, Liz Mair's anti-Trump Make America Awesome super PAC launched a Facebook campaign which in addition to showcasing Mitt Romney's support for Ted Cruz, emphasizing Trump's past support for pro-choice policies, it also crossed the family line when it showed a GQ modeling photo of Melania Trump posing nude.
Crossed lines aside, what surprised us most is that "showing a naked Melania Trump, a successful, multi-lingual supermodel and undoubtedly the most attractive first lady America would ever have, is not exactly an attack ad" and we wondered how badly this ad would backfire "the moment men end up seeing the ad." We will find out the moment the Utah primary results come in, even though by her admission, Mair certainly did her best to only focus on women voters.
In any case, about an hour ago Trump found out about Cruz' attack ad. This is what he said:
Lyin' Ted Cruz just used a picture of Melania from a G.Q. shoot in his ad. Be careful, Lyin' Ted, or I will spill the beans on your wife!
" Donald J. Trump (@realDonaldTrump) March 23, 2016
"Spill the beans?" Cruz immediately responded, attempting tto explain he had no idea what is going on, but warning Trump to stay away from Heidi:
Pic of your wife not from us. Donald, if you try to attack Heidi, you're more of a coward than I thought. #classless https://t.co/0QpKSnjgnE
Latest: Ted Cruz cruises to victory in Arizona taking all 40 delegates.
Update: Bernie Sanders takes Utah, Idaho
Update: CNN Calls it...
Donald Trump wins the Republican presidential primary in Arizona, a victory in a delegate-rich winner-take-all state that boosts his effort to win his party's nomination before this summer's GOP convention.
Much bigger win than anticipated in Arizona. Thank you, I will never forget!
" Donald J. Trump (@realDonaldTrump) March 23, 2016
Hillary Clinton wins the Democratic presidential primary in Arizona, adding to her streak of victories over rival Bernie Sanders.
* * *
As we detailed earlier, Tuesday was supposed to be all about Arizona and Utah where voters will soon make their choice for the Republican and Democratic presidential nominees.
Polls in the two states as well as Democratic caucuses in Idaho will of course be overshadowed by this morning's terrorist attacks in Brussels, but this evening's elec ...
Submitted by John Whitehead via The Rutherford Institute,
"If we define an American fascist as one who in case of conflict puts money and power ahead of human beings, then there are undoubtedly several million fascists in the United States." ? Henry A. Wallace, 33rd Vice President of the United States
This is an indictment of every politician who has ever sold us out for the sake of money and power, it is a condemnation of every politician who has ever lied to us in order to advance their careers, and it is a denunciation of every political shill who has sacrificed our freedoms on the altar of Corporate America.
They're all fascists.
If Donald Trump is a fascist—as nearly half of Americans surveyed believe—then so is every other politician in office or running for office in America who has ever prioritized money and power over human beings.
Truly, apart from Trump's virulently bombastic comments and his metaphorical willingness to spit in the wind in order to garner media coverage and notoriety, how is he any more of a fascist than Hillary Clinton and the
As the departure of Russian forces from Syria announced March 14 continues, evidence of construction at Russia's main air base in the country demonstrates Moscow's intention to maintain a military presence there. Imagery dated March 17 acquired by Stratfor of the Bassel al Assad air base in Latakia province and the naval base at Tartus highlights the ongoing Russian drawdown of its forces in Syria that Moscow contends will be largely completed by March 20.
Donald Trump won the Arizona primary on Tuesday, racking up another victory in his quest for the Republican presidential nomination before a month-long period when GOP primaries will be fewer and farther between.
Econintersect wants your comments,
data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.
Econintersect Live Market
Print this page or create a PDF file of this page
The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.
Take a look at what is going on inside of Econintersect.com