Wall street opens sharply higher on trade optimism

U.S. stocks jumped at open on Wednesday as the Wall Street Journal report about China’s plans to increase access for foreign firms added to earlier optimism on trade from Trump’s upbeat comments. Reuters reports that the Dow Jones Industrial Average .DJI rose 138.85 points, or 0.57 percent, at the open to 24,509.09. The S&P 500 .SPX opened higher by […]

Qatar’s decision to leave OPEC to have no major impact on the global oil market, say Fitch analysts

Analysts at Fitch Solutions Macro Research have said that Qatar’s decision to leave the Organisation of Petroleum Exporting Countries (OPEC) is unlikely to have a major detrimental impact on OPEC’s ability to manage the oil market. “We estimate that Qatar’s move, while likely to fuel tensions with its GCC [Gulf Cooperation Council] neighbours, will not […]

Emerging cities could attract $29trn in climate-investments, says World Bank

Cities in emerging markets could attract $29 trillion in climate-related investments like green buildings and electric vehicles over the next decade, according to the World Bank’s International Finance Corporation (IFC) on Thursday. Researchers looked at climate action plans of cities with more than 500,000 people, focusing on six sectors: green buildings, public transport, electric vehicles, […]