Why a top currency strategist decided now is the time to sell the dollar

U.S. dollars are counted by a at a bank in Westminster, Colorado. Rick Wilking | Reuters Top currency strategist Jens Nordvig said he has exited his long positions in the dollar and is looking for opportunities to short it, particularly against emerging market currencies. Source link

Saudi reforms won’t come at a cost to Abu Dhabi, ADGM CEO says

An Emirati woman paddles a canoe past skyscrapers in Abu Dhabi, United Arab Emirates, on Wednesday, Oct. 2, 2019. Christopher Pike | Bloomberg | Getty Images ABU DHABI, United Arab Emirates — Saudi Arabia’s efforts to rival the United Arab Emirates as the region’s top business and financial hub won’t have a “dramatic negative impact” … Read more

Pro-Putin party heads for Russian election win after Navalny clampdown

A bus drives past a United Russia campaign poster put up ahead of the elections to the Russian State Duma of the 8th convocation scheduled for September 17-19. Vladimir Smirnov | TASS | Getty Images Russians vote on Sunday in the final stretch of a three-day parliamentary election that the ruling party is expected to … Read more

Hong Kong minister signals path to adopting China anti-sanctions law

Hong Kong skyline seen at dusk. Marc Fernandes | NurPhoto | Getty Images Hong Kong’s justice secretary said on Sunday that a mainland Chinese law to counter foreign sanctions could also be adopted in the China-ruled city by writing it into Hong Kong’s mini-constitution, pending a decision by the Chinese parliament. Justice Secretary Teresa Cheng’s … Read more

OPEC+ meets to agree oil supply boost as prices surge

The Headquarters of the Organisation of the Petroleum Exporting Countries (OPEC) in Vienna, Austria on 17 December, 2018. Beata Zawrzel | NurPhoto | Getty Images OPEC+ ministers are meeting on Sunday in another attempt to agree a quick oil supply boost to address soaring prices as the global economy recovers from the coronavirus pandemic. An … Read more

Iran’s President-elect Raisi rules out meeting Biden as oil markets look to nuclear deal’s future

Iran’s President-elect Ebrahim Raisi attends a news conference in Tehran, Iran June 21, 2021. Majid Asgaripour | WANA News Agency | Reuters DUBAI, United Arab Emirates — Iran’s president-elect Ebrahim Raisi gave his first press conference since the country’s election, saying Monday that his government’s priorities would be to improve ties with regional neighbors and … Read more

Israel to vote in new government amid parliament chaos, ending Netanyahu’s 12-year rule

Israeli Prime Minister Benjamin Netanyahu. ABIR SULTAN | AFP | Getty Images Israel’s Parliament, the Knesset, gathered to vote in its new government — and new prime minister for the first time in 12 years — on Sunday. The vote, set to ring in the leadership of a very diverse and cobbled-together coalition of right-wing, … Read more

U.S. boosts Taiwan’s Covid-19 fight with 750,000 vaccine doses

People wait in line at a temporary Covid-19 rapid testing center in the Wanhua area of Taipei, Taiwan, on Saturday, May 15, 2021. I-Hwa Cheng | Bloomberg via Getty Images The United States will donate 750,000 Covid-19 vaccine doses to Taiwan as part of the country’s plan to share shots globally, U.S. Senator Tammy Duckworth … Read more

Meet the unlikely alliance that’s set to oust Netanyahu and lead Israel

A combination of file photos shows Israeli Education Minister Naftali Bennett speaking in Jerusalem May 14, 2018 and Yesh Atid party leader Yair Lapid delivering a speech in Tel Aviv, Israel March 24, 2021. Ammar Awad; Amir Cohen | Reuters It was an eleventh hour breakthrough, quite literally.  Less than 30 minutes before his midnight … Read more

Israel’s Netanyahu may have some cards ‘up his sleeve’ as opponents close in to unseat him

In the past 24 hours, Israel has inched closer to what could be the removal of its longest-serving prime minister. Naftali Bennett of the right-wing Yamina party announced late Sunday his intention to team up with the centrist Yair Lapid, leader of the Yesh Atid party, to form what aims to be a unity coalition. … Read more