News from Around the World

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QE May Be Over, But the Fed’s U.S. Debt Hoard Is About to Soar

If you thought the Federal Reserve was done with quantitative easing, you might only be half right.


Google suspends Huawei from Android services

Google has dealt a blow to Huawei’s fast-growing consumer smartphone business by suspending the delivery of key software and technical services to the Chinese company, according to two people familiar with the situation.

(Mark Wilson/Getty Images)

World Bank's David Malpass talks 'decentralization' and private investment

WASHINGTON — World Bank President David Malpass outlined a growing country focus at the bank in a speech on Tuesday where he also called on governments to make structural reforms and to create the building blocks for successful private sectors.


Saudi Arabia Oil Pipeline Attacked by Drones

Saudi Arabia said Tuesday it halted pumping on a major oil pipeline after it was hit by armed drones, the latest attack on its energy infrastructure after two of its oil tankers were damaged near the Strait of Hormuz over the weekend.

Aly Song/Reuters

China Retaliates Against the U.S. With Its Own Higher Tariffs

BEIJING — China moved to retaliate against the United States, announcing plans on Monday to raise tariffs on a wide range of American goods.

via Economist

America raises tariffs on China, and the stakes in a trade war

MEETING IN WASHINGTON, Chinese and American trade negotiators made it through dinner without hurling the plates at each other. But there was no truce on the menu.


Where now for the rules that rocked European finance?

Helping small and medium companies access capital markets was at the heart of Mifid II but more than 16 months on, bankers and regulators are worrying that Europe’s flagship securities-industry overhaul has become more of a problem than a solution.

Sputnik News

China says it’s still preparing for US trade talks — but won’t give details after new Trump threats

China said Monday its negotiators are still preparing to travel to the U.S. for trade talks this week despite President Donald Trump threatening Beijing with increased tariffs.


Facebook Building Cryptocurrency-Based Payments System

Facebook Inc is recruiting dozens of financial firms and online merchants to help launch a cryptocurrency-based payments system on the back of its gigantic social network.

MMT Bloomberg

Dalio Says Something Like MMT Is Coming, Whether We Like It Or Not

Central banking as we know it is on the way out, and it’s “inevitable” that something like modern monetary theory will replace it, billionaire investor Ray Dalio said.