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Friday, January 17, 2020

Economy

Frustrated Lebanese depositors turn rage on crisis-hit banks

Frustrated Lebanese depositors turn rage on crisis-hit banks By Eric Knecht BEIRUT (Reuters) – As cash runs short at Lebanon’s banks, so has the patience of depositors. Hit by restrictions on withdrawals, some are taking extreme steps, occupying branches and in one case taking an employee hostage, to squeeze what they can from their accounts. […]

China set to post weakest growth in 29 years as trade war bites, investment sputters

© Reuters. FILE PHOTO: A teller counts yuan banknotes at a China Merchants Bank branch in Hefei By Kevin Yao BEIJING (Reuters) – China is expected to report on Friday that economic growth slowed to its weakest in nearly three decades in 2019 amid a bruising trade war with the United States, and more stimulus […]

Turkish central bank cuts rates 75 points in restrained move

ISTANBUL (Reuters) – Turkey’s central bank trimmed its key interest rate by 75 points to 11.25% on Thursday as expected, its most restrained move since it began easing in July, suggesting monetary stimulus was winding down as the economy recovers from recession. The bank said inflation would edge a bit lower through 2020 as it […]

Commodities & Futures

Oil steady as sluggish China growth offsets trade deal optimism

© Reuters. FILE PHOTO: A maze of crude oil pipes and valves at the Strategic Petroleum Reserve in Freeport, Texas By Roslan Khasawneh and Aaron Sheldrick SINGAPORE/TOKYO (Reuters) – Oil prices were steady on Friday as reports of sluggish economic growth in China, the world’s biggest crude importer, raised concerns about fuel demand which countered […]

Oil Climbs the Most in Two Weeks as Trade Deals Boost Optimism

© Reuters. Oil Climbs the Most in Two Weeks as Trade Deals Boost Optimism (Bloomberg) — Oil posted its largest gain in almost two weeks, swept along in a broader equities rally as the preliminary U.S.-China trade truce and an accord between America, Canada and Mexico fueled optimism about economic growth. Futures settled 1.2% higher […]