Saudi Arabia doesn’t yet plan production above its assigned OPEC quota of 10.311mbpd
Saudi King Reportedly Emphasises Drive Towards Ensuring Stability In Oil Markets
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Fed Keeps Interest Rates Unchanged; Signals No More Increases Likely This Year
The Federal Reserve expressed increasing concern about slowing economic growth as it left interest rates unchanged on Wednesday and showed little appetite for raising them in the near future.
Buy Gold, Sell Stocks Is the ‘Trade of Century’ Says One Hedge Fund
One of last year’s best-performing hedge funds says the “trade of the century” is to buy gold and sell stocks as risk assets are due for another meltdown.
UK Unemployment Falls to 44-Year Low Despite Brexit Fears
UK unemployment has dropped to the lowest level in more than 44 years despite mounting fears over Brexit, as employers across the country ramped up hiring at the fastest rate in more than three years.
Oil Hits 2019 High as OPEC+ Re-Commits to Cuts in the Near Term
Crude Oil closed at its highest yet this year as OPEC and its partners committed to continuing production cuts until at least June, when they will meet to discuss an extension.
Third Brexit Vote Must Be Different – Parliament Speaker
Speaker John Bercow has thrown the UK’s Brexit plans into further confusion by ruling out another vote on the PM’s deal unless MPs are given a new motion.
Kim Jong Un to make announcement on US talks – GSR
Kim Jong Un to make announcement on US talks – GSR N.Korea is considering suspending nuclear talks with United States – TASS citing N.Korean deputy foreign minister
May Strikes New Brexit Deal With the EU, Asks Parliament to Back It
Theresa May struck a deal to revise the terms of the U.K.’s divorce from the European Union but it’s unclear whether she’s done enough to win Parliament’s support.
U.K. Dismisses EU’s Brexit Concession as a ‘Disappointing’ Joke
U.K. Cabinet minister Andrea Leadsom rejected the European Union’s latest plan to break the Brexit deadlock, but said Parliament will be given more chances to vote on the deal if the bloc improves its “disappointing” offer before it’s too late.
China Lowers Growth Target and Cuts Taxes as Economy Slows
China lowered its goal for economic growth and announced a major tax cut, as policymakers seek to pull off a gradual deceleration while grappling with a debt legacy and the trade standoff with the U.S.