Warren Buffett, the 90-year-old “Oracle of Omaha,” remains a firm believer in the American dream, saying in his closely watched annual shareholder letter to “never bet against America.” “In its brief 232 years of existence … there has been no incubator for unleashing human potential like America,” the chairman and CEO of Berkshire Hathaway wrote in the letter […] Read more
Hope is fading for a significant change in U.S.-China relations under President-elect Joe Biden, Alicia Garcia-Herrero, Natixis’ chief economist for Asia-Pacific, said on Thursday. Relations between the U.S. and China have spiraled downward under President Donald Trump’s administration in the last four years. Ahead of the election, Natixis economists had hoped the two countries could return to better […] Read more
Chinese state-backed tabloid Global Times claimed on Sunday that the signing of the world’s largest trade deal over the weekend proves that China is not the “expansionist empire” that the U.S. and Western countries have made it out to be. Instead, the mega pact — the Regional Comprehensive Economic Partnership or RCEP — showed that China can […] Read more
A government minister has criticised businesses for taking a “head in the sand approach” when preparing for post-Brexit trade. Treasury and Cabinet Office Minister Lord Agnew said traders “really must engage in a more energetic way” to be ready for the end of the transition period on 31 December. But one industry leader called the […] Read more
Goldman Sachs has marked out the Mexican peso as its top emerging market (EM) currency pick “once the dust settles” from the coronavirus pandemic. In a note Thursday, Goldman strategists suggested that while it may be too early to engage with high-yield EM bets, with risks still prevalent and the dollar on the move, it is not too […] Read more
If the 2015 Iran nuclear deal does collapse, a “Trump deal” negotiated by the U.S. president should replace it, U.K. Prime Minister Boris Johnson said Tuesday. Johnson said the U.K. would come under pressure to jettison the 2015 nuclear deal with Iran – signed between Iran and the U.S., U.K. Germany, France, Russia and China […] Read more
Russian President Vladimir Putin has sharply criticized nations like the U.S. for ignoring the environmental impact of shale oil and gas production, describing it as a “barbaric” process that the Kremlin has no interest in pursuing. Speaking at a business conference in Moscow Wednesday, Putin said: “Today’s technology of shale oil production and shale gas […] Read more
Democratic presidential contender Pete Buttigieg unveiled plans on Friday to invest more than $1 trillion in child care and affordable housing over the next decade as part of a package of proposals targeting the middle class. The South Bend, Indiana, mayor also provided more details on how he would lower the cost of college, saying […] Read more
Goldman Sachs has closed its bullish position on sterling with the U.K. set for a general election on December 12. The Wall Street giant had maintained a recommendation to buy sterling throughout a recent period of uncertainty, projecting that the pound could pass $1.30 in the event of a Brexit deal before the October 31 […] Read more
China talked up progress on trade with the US on Tuesday, highlighting bulk purchases of American farm products it had already made this year and saying that it was “on the same page” as Washington in negotiations. Asked if the two countries agreed on the degree of progress from two days of high-level talks in […] Read more
