Business


Macron, Putin to meet in Versailles next week

Over 4,000 French, UN, and Malian troops are stationed in five nations in the Sahel in West Africa, Mali, Niger, Chad, Burkina Faso and Mauritania, in France's Operation Barkhane created to crack down on jihadists. Macron emphasised the need for closer European cooperation in the fight against jihadists, especially with fellow EU heavyweight Germany. He said he had discussed Mali with German Chancellor Angela Merkel in Berlin on Monday and the two chose to "strengthen our cooperation further ...


Former CIA Director Brennan: Russia 'Brazenly Interfered' with 2016 Presidential Election

Former CIA Director Brennan: Russia 'Brazenly Interfered' with 2016 Presidential Election

Brennan was testifying Tuesday before the House intelligence committee about Russian meddling in the 2016 presidential election. Since that hearing, the chairman of the committee, Representative Devin Nunes, recused himself from the Russian Federation investigation after the House Committee on Ethics said it was investigating whether he made unauthorized disclosures of classified information.



Trump Budget Calls for 2.1% Military Pay Raise in 2018

Trump wants lawmakers to cut more than US$ 800 billion from Medicaid , and more than US$192 billion from food stamps over a decade. Schumer said the administration would cut funds from states and cities "to pay wealthy hedge funds and Wall Street to build more toll roads".


Gold steady as market awaits Fed policy cues

Gold steady as market awaits Fed policy cues

Reuters reported spot gold up 0.1% at $1,261.62 per ounce by 0100 GMT, whilst Mining.com reported that gold for June tacked on $6.40, or 0.5%, to trade at $1,260 an ounce on its largest weekly gain since mid-April. Despite a lowering of rate hike expectations by analysts, Dallas Fed President Robert Kaplan said yesterday that the United States central bank should keep raising rates and trimming its balance sheet, as the progress towards stable prices and full employment was good.



Oil price up on hopes of Opec deal

OPEC and other oil producers are on track to see eye to eye on the extension of output cuts at a meeting last week with Saudi Arabia saying the majority of the participants have approved of the plan so as to control the global supply glut.



Oil settles up slightly on view OPEC will extend output cuts

Falling stockpiles this month in the USA have some convinced that cuts from the group of global exporters are impacting supply, and US crude prices are up 13% since they hit a six-month low May 4. "Opec is meeting on 25 May with an extension of supply cuts at the top of its agenda". That would not be in the interest of a balanced and healthy global oil and gas market, he said.