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, […]

Investors withdraw over $14bn from emerging markets on global trade conflicts

IMF

*IMF gives conflict navigation tips to emerging economies   The International Monetary Fund (IMF) has said over $14 billion dollars have been withdrawn by investors from emerging markets in May and June of this year further complicating situations in these markets. Christine Lagarde in an article released Wednesday via the IMF blog also indicated that […]

China to benefit from increased export of U.S. agricultural products

Increasing the export of U.S. agricultural products will improve China’s effective supply in its domestic market and broaden consumption choices, an expert told People’s Daily during a recent interview. China and the U.S. issued a joint statement last Saturday in Washington after economic and trade talks, agreeing to meaningfully increase the export of U.S. agricultural […]

Air France shares tank amid CEO’s resignation

Air-France- KLM Group is facing its biggest crisis in years as chief executive officer Jean -Marc Janaillac prepares to quit amid a deepening labour conflict which the French government warned is threatening its survival. According a wire service report, the stock dropped Monday, when Europe’s biggest airline was forced to scrap 15 percent of its […]

Global stock markets to remain volatile on ongoing trade drama between the US, China

Global stock markets are likely to remain explosively volatile and wildly unpredictable unless the ongoing trade drama between the US and China is quickly resolved, according to Lukman Otunuga, research analyst at ForexTime (FXTM), a Lagos-based forex broker specialising in forex trading, CFDs, stocks, commodities and spot metals. “The fact that global equities roared back […]