Saudi Arabia Transfers ‘$40 Billion’ To PIF
Saudi Arabia’s sovereign wealth fund tapped $40 billion from foreign reserves to fund overseas investments.
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Factory activity in Eurozone sees gradual recovery in January 2020
Green shoots are in sight for manufacturing activity in the Eurozone in January 2020 – IHS Markitt.
Earnings of UK’s Croda International Plc hit by U.S.-China trade war
According to its earnings report for the last 6 months which ended on June 30, its revenues have also been impacted by new legislation introduced by China.
Huawei’s research arm Futurewei Technologies slashes U.S. workforce
More than 600 people have been layed off by Futurewei.
Republicans trying to weaken independence of the Office of Congressional Ethics
President-elect Donald Trump, a Republican, is set to take oath on January 20. In his loud signature move, Trump has stated he will repeal many of President Barrack Obama’s legacies, including those pertaining to the environment and health. However, growing evidence of the involvement of Russian intelligence could play a significant role before, during and after his presidency.
U.S. artillery strike wipes out ISIS mortar position in Mosul: Pentagon
The precision strike wiped out the enemy while inflicting limited damage to the adjacent schools nearby.
Brexit Fallout – BlackRock’s top investment strategist says Sterling could weaken further
Confusions reigns in financial markets as a fallout of Brexit. Investors seen dumping assets even those that are not related to Brexit – such as U.S. stocks and bonds from emerging markets.
