It is fitting that just a few hours until the Fed's second rate hike in two quarters, and one day after Goldman downgraded global stocks to Neutral for the next 3 months, not to mention with the results of the anticipated Dutch election due shortly, that global stocks as well as S&P futures are higher, while crude oil has finally managed to stage a rebound as the Dollar DXY index is fractionally in the red.
Authored by Peter Korzun via The Strategic Culture Foundation,
Hit by a wave of crises, the European Union is urgently searching a new model of functioning in order to survive in one form or another. The need to balance between unity and diversity is a dilemma faced currently by the bloc. Currencies, politics and interests differ to make a new pattern of European integration a reality.
Literally no one knows the true 'value' of equity research, not even the investment banks that are selling it. Up until now, equity research has been treated as a 'freebie' given away to institutional clients in return for trading commissions but that is all about to change thanks to the European Union’s MiFID II regulations, which require asset managers to separate trading commissions from investment-research payments.
When Saudi King Salman bin Abdulaziz of Saudi Arabia visited Georgetown in September 2015, the Four Seasons hotel did some serious redecorating. As we reported at the time, eyewitnesses at the luxury hotel had seen crates of gilded furniture and accessories being wheeled into the posh hotel over the past several days, culminating in a home-away-from-home fit for the billionaire Saudi monarch, who was in Washington then for his first White House meeting with President Barack Obama.
The diplomatic scandal between Turkey and the Netherlands continued for a fourth day on Tuesday, just hours ahead of the Dutch general election on Wednesday, when Turkish President Recep Tayyip Erdogan once again accused the Netherlands of state terrorism and having a “rotten” character as the diplomatic spat between the two countries deepens, adding he would mobilize the Islamic world to fight xenophobia, racism and Islamophobia.