Government

After stocks and the dollar surged on Tuesday, following a Politico report that Trump’s team have taken a significant step on tax reforms, the President’s threats on Tuesday night to shut down the government and terminate the NAFTA agreement, were not well received by investors, who responded by dragging both equities and the dollar lower.

A once-in-a-lifetime opportunity for euro zone governments to borrow for half a century or more at rock-bottom interest rates might be coming to an end.

Apparently, the term “brinkmanship” came widely into use during the Cold War, when both sides sought to push their opponent to the brink of outright war in order to convince them to back down.
While speaking at the occasion of the International Customs Day on Jan. 26, Indian Finance Minister, Mr. P. Chidambaram admitted that in spite of the stringent import restrictions, gold smuggling reached up to 3,000 kg in certain months.
The final battlefield for the U.S. war on gold is being waged in the Comex. The ratio on the Comex of paper gold to physical gold is now effectively 100:1.
House and Senate lawmakers agreed to a bipartisan compromise to fund the U.S. government through Sept. 30, unveiling the measure days before financing for federal agencies is scheduled to lapse.
The IMF is raising its outlook for the U.S. economy, as a budget deal in Washington and the Federal Reserve’s plan to taper its bond buying ease doubts about the future, IMF Managing Director Christine Lagarde said.
U.S. stocks fluctuated, with the Standard & Poor’s 500 Index poised for the biggest weekly loss since August, as losses in oil producers and phone shares offset gains after the House of Representatives passed a budget deal.
The EU agreed new rules yesterday for bank bailouts or "bail-ins." The new system will take effect from 2016 but emergency resolutions can be brought forward in the event of banks failing in the interim period.
A U.S. budget accord on track to win passage in Congress doesn’t change the view of Moody’s Investors Service on America’s top Aaa rating because it leaves medium-term deficits largely unaltered, according to Senior Vice President Steven Hess.