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| Renminbi’s worst month ever sparks currency war fears |
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Economists say any attempt to ‘weaponise’ China’s currency carries big risks
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| Despite Germany’s exit, this World Cup has been quite predictable |
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Of the 16 teams most likely to qualify, 14 have reached the knockout rounds
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| Trump drops new restrictions on China investments |
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White House decides against moves to block Beijing’s acquisition of US technology
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| Saudi Arabia Is Planning Record Crude Oil Production in July |
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Saudi Arabia is planning to pump a record amount of crude in July, embarking on one of its biggest-ever export surges to cool down oil prices, according to people briefed on the country’s output policy
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| US Supreme Court paves way for states to collect online sales tax |
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News deals blow to shares in ecommerce retailers
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| US energy to be targeted by Beijing for retaliatory action |
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US oil, gas and coal face 25% levy in threatened second wave of duties
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| Trump threatens China with new tariffs on $200 billion in goods |
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U.S. President Donald Trump threatened on Monday to impose a 10 percent tariff on $200 billion of Chinese goods, prompting a swift warning from Beijing of retaliation, as the trade conflict between the world’s two biggest economies quickly escalated
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| Iran Says Three OPEC Members to Veto Saudi-Proposed Supply Boost |
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Iran says Venezuela and Iraq will join it in blocking a proposal to increase oil production that’s backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna this week
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| Trump set to hit China with $50bn tariffs |
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Announcement expected on Friday will bring the countries closer to a trade war
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| AT&T closes $85 billion deal for Time Warner |
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AT&T Inc, the No. 2 wireless carrier, on Thursday closed its $85 billion deal to acquire media company Time Warner Inc after U.S. antitrust regulators indicated they would not seek a delay
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| Fed lifts rates amid stronger inflation, drops crisis-era guidance |
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The Federal Reserve raised interest rates on Wednesday, a move that was widely expected but still marked a milestone in the U.S. central bank’s shift from policies used to battle the 2007-2009 financial crisis and recession
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| Merkel says that if services are included, U.S. runs surplus with Europe |
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The United States runs a large account surplus with Europe if services are included in the total, German Chancellor Angela Merkel said on Tuesday, adding that existing international trade accounting systems needed to be updated
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| Argentina agrees $50bn financing deal with IMF |
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Package bigger than expected as fund chief Lagarde eyes boost in market confidence
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| Exclusive: China's ZTE signed preliminary agreement to lift U.S. ban: sources |
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ZTE Corp (000063.SZ) has signed an agreement in principle that would lift a U.S. Commerce Department ban on buying from U.S. suppliers, allowing China’s No. 2 telecommunications equipment maker to get back into business, according to sources familiar with the matter
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| Russian Oil Output Again Tops OPEC Target Ahead of Vienna Talks |
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Russia breached its oil-output quota agreed with OPEC for a third straight month as the producing alliance prepares for crucial talks this month on increasing supplies
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