3 Global Factors Including Trump, Brexit That Could Smash Consumer Spending in 2017

Developed markets such as North America and Europe will be bogged down by slowing consumer spending in 2017, as debt, an ageing population and economic stagnation takes hold, analysts at market research firm Euromonitor International predicted in a new report. Euromonitor said that events such as Brexit and the “Trump effect,” as they called it, creates political instability that will be “a key challenge going into 2017.”

No Chance’ Brazil’s Government Can Waive Oi Debt, Minister Says

Brazil’s government can’t waive Oi SA’s debt with a local regulator and state-run banks, the communications minister said, denying the phone carrier a lifeline that would have helped it pull out of the biggest bankruptcy in the country’s history. “The govt can’t let go of resources, they are public resources, debt with the public administration,” Science and Technology Minister Gilberto Kassab, who also oversees communications, said Sunday in an interview in Barcelona, Spain.

Key developments in Kim’s assassination investigation

A Malaysian police officer guards the gate of the National Forensic Institute at Kuala Lumpur Hospital in Kuala Lumpur, Malaysia, Sunday, Feb. 26, 2017. Malaysian police ordered a sweep of Kuala Lumpur airport for toxic chemicals and other hazardous substances following the killing of Kim Jong Nam.

Far from Carnival street fests, glitzy Rio Ball for elite

A guest in a costume poses for the photo as she enjoys a traditional Carnival ball at the Copacabana Palace hotel in Rio de Janeiro, Brazil, Saturday, Feb. 25, 2017. In stark contrast to the hundreds of hard-charging street parties across Rio that are open to anyone, the “Baile do Copa” bills itself as a fairytale event where the country’s elite can see and be seen in a hotel known for both opulence and a lengthy tradition of welcoming world leaders and stars.

Malaysia Warns North Korea to Cooperate With Investigation

Malaysia said Saturday that it would issue an arrest warrant for a North Korean diplomat if he refuses to cooperate with the investigation into the deadly attack on North Korean ruler Kim Jong Un’s exiled half brother. The investigation has unleashed a serious diplomatic fight between Malaysia and North Korea, a prime suspect in the Feb. 13 killing of Kim Jong Nam at Kuala Lumpur’s airport.

Trivago Shrugs Off New Competition From Priceline, TripAdvisor

Trivago NV, the German hotel search site that went public in December, isn’t concerned about competitive threats from rivals TripAdvisor Inc. and Priceline Group Inc., as the market is still big enough for everyone to grow. Sales are expected to increase 45 percent to around 1.1 billion euros in 2017, the Dusseldorf, Germany-based company said Friday, sending shares up as much as 4.8 percent in New York.

Oil Falls as Stockpiles Rise

U.S. oil prices fell on Friday after official data released late on Thursday showed stockpiles rose last week for a seventh straight week, although losses were muted as inventory growth was well below expectations. There were also signs that traders are starting to shift crude stored on tankers in Asia and tanks in the U.S. U.S. West Texas Intermediate was down 16 cents at $54.29 by 0728 GMT.

China Shares Up For 3rd Week

China stocks were largely unchanged on Friday, reversing earlier losses, as reform hopes underpinned the market, with the main indexes up for the third straight week thanks to improving risk appetite. The blue-chip CSI300 index was unchanged at 3,473.85 points, while the Shanghai Composite Index added 0.1 percent to 3,253.43 points.

Oil Slips as Stockpiles Rise

U.S. oil prices fell on Friday after government data released late in the previous session showed stockpiles rose last week for a seventh straight week, although losses were muted as inventory growth was well below expectations. U.S. West Texas Intermediate fell 12 cents, or 0.2 percent, to $54.33 a barrel by 0323 GMT, having closed up 1.6 percent in the previous session.

India Blocks Theatrical Release of Feminist Drama ‘Lipstick Under My Burkha’

Alankrita Shrivastava’s film, which won honors at Tokyo and Mumbai last year, features “abusive words, audio pornography” and more, says the country’s censor board. After winning accolades on the film festival circuit, Indian female empowerment drama Lipstick Under My Burkha has hit a hurdle at home with India’s censor board denying the film a theatrical release certificate.

China Shares Fall; Property Tax in Focus

China’s main stock indexes snapped a three-session winning streak to end lower on Thursday, as expectations of new asset management rules and property taxes weighed on the market. The blue-chip CSI300 index fell 0.5 percent, to 3,473.32 points, while the Shanghai Composite Index lost 0.3 percent to 3,251.38 points.

Tellurian: Cramer’s Top Takeaways

Tellurian’s Charif Souki tells Jim Cramer he’s bullish on the ability of the U.S. to export more natural gas. In an “Executive Decision” segment, Cramer spoke with Charif Souki, former head of Cheniere Energy and now the co-founder and chairman of Tellurian , a stock that was up 12.1% today.

US Treasury Yields Rise; All Eyes On Fed Minutes

To read Chairman Yellen’s remarks, visit Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. on February 14, 2017, and Chair Yellen submitted identical remarks to the Committee on Financial Services, U.S. House of Representatives, on February 15, 2017 . The Fed minutes due to be released later on Wednesday could either reinforce or undermine recent hawkish comments from central bank policy makers.

The Latest: North Korea says women suspects should be freed

Journalists wait outside North Korean Embassy in Kuala Lumpur, Malaysia, Wednesday, Feb. 22, 2017. The women suspected of fatally poisoning a scion of North Korea’s ruling family were trained to coat their hands with toxic chemicals then wipe them on his face, police said Wednesday, announcing they were now seeking a North Korean diplomat in connection with the attack.

China’s thriving SUV-only automaker looks to global growth

In this Sunday, Feb. 19, 2017 photo, Wei Jianjun, chairman of Great Wall Motors Ltd. speaks during a press conference after attending a reception celebrating it sales passing the one million mark, at the Great Wall headquarters in Baoding in north China’s Hebei province. A decade ago, Wei saw opportunity as the bulky vehicles started to shed their image as a farm tool.

Airbus Earnings Slide on A350 Costs, A320Neo Engine Holdups

Airbus Group SE’s earnings fell 3.6 percent last year as a late surge in aircraft deliveries failed to offset costs from ramping up output of the A350 twin-aisle model and the impact of engine glitches that curbed handovers of the latest A320 narrow-body. Earnings before interest and tax before one-time items dropped to 3.96 billion euros in 2016 from 4.11 billion euros a year earlier, Toulouse, France-based Airbus said in a statement Wednesday.

Total CEO Says OPEC Needs to Prolong Cuts to Eliminate Surplus

OPEC and Russia will need to prolong their six-month deal to cut oil output if they plan to trim the global inventory glut that has kept a lid on prices, said Total SA Chief Executive Officer Patrick Pouyanne. “If they want really to have an impact on the market, which means to have the inventories going down because inventories are quite high, it will have to be extended beyond May,” Pouyanne said Tuesday in a Bloomberg television interview in New York.

Telkom Said to Consider $1 Billion Bid for South Africa’s Cell C

Telkom SA SOC Ltd. is considering a bid of as much as $1 billion for South African wireless operator Cell C Pty Ltd., which has missed debt payments and is trying to complete a recapitalization, according to three people familiar with matter. Investment banks are also approaching other potential bidders with the firepower to take on the deal, said two of the people, who asked not to be identified as the matter is private.

Trump denounces wave of anti-Semitism: ‘It’s horrible and it…

In an interview with NBC News, the president offered a more forceful condemnation of recent anti-Semitic provocations in the US, including threats to Jewish community centers and the extensive vandalism of Jewish graves. Speaking at the newly opened Smithsonian National Museum of African American History and Culture on Tuesday, Trump reiterated his denunciation.

European Oil Majors Rise on Record Bets For Further Crude Gains

Europe’s biggest oil company stocks notched solid gains Tuesday as crude prices continued to rise on increased bets that OPEC’s production cut discipline will offset rising U.S. supply signals. Europe’s biggest oil company stocks notched solid gains Tuesday as crude prices continued to rise on increased bets that OPEC’s production cut discipline will offset rising U.S. supply signals.

Crude Prices Rise as Investors Bet Big on Oil Strength

U.S. crude futures rose for a second day on Tuesday, with data showing hedge funds are betting big across oil markets following OPEC production cuts agreed last year. U.S. West Texas Intermediate crude was up 27 cents, or 0.5 percent, at $53.67 a barrel at 0511 GMT, after rising about 0.5 percent in a shortened session on Monday due to a U.S. national holiday.

Citigroup Pays $5.4 Million in Rand-Rigging Probe Settlement

Citigroup Inc. agreed to pay a penalty of almost 70 million rand to settle a South African antitrust investigation that said the U.S. bank participated in an alleged cartel to manipulate the value of the rand. “There could well be other settlements now that it seems the parties are prepared to come forward,” Patrice Rassou, head of equities at Sanlam Investment Management in Cape Town, said in an e-mailed response to questions on Monday.

The US is going after the highest-profile Venezuelan target…

In this Feb. 1, 2017 photo, Venezuela’s Vice President Tareck El Aissami, right, is saluted by Boilivarian Army officer upon his arrival for a military parade at Fort Tiuna in Caracas, Venezuela. The administration of President Donald Trump is slapping sanctions on El Aissami and accusing him of playing a major role in international drug trafficking.

Trump’s Defense Chief Says in Iraq: We’re Not Here for Your Oil

The U.S. military is “not in Iraq to seize anybody’s oil”, Defense Secretary Jim Mattis said as he arrived for talks with Iraqi leaders on Monday, distancing himself from remarks by President Donald Trump. Mattis was the highest-ranking Trump administration official to visit Iraq since Trump irked Iraqis with a temporary ban on travel to the United States and for saying America should have seized Iraq’s oil after toppling Saddam Hussein in 2003.

Oil Rises, But Swelling U.S. Output Caps Rally

Oil edged up on Monday, as investor optimism over the effectiveness of producer cuts encouraged record bets on a sustained price rise, although growing U.S. output and stubbornly high stockpiles kept price gains in check. Top OPEC exporter Saudi Arabia’s crude oil shipments fell in December to 8.014 million barrels per day from 8.258 million bpd in November, official data showed on Monday.

Oil Rises, But Faces Prospect of Growing U.S. Output

Oil prices rose on Monday but gains were limited as investors gauged whether an increase in U.S. drilling rigs and record stockpiles might offset the existing push by producers to cut output and bring the market into balance. Brent futures were up 33 cents at $56.14 a barrel at 1235 GMT, while U.S. West Texas Intermediate crude rose 23 cents to $53.63.

German Yields Hit Record Low, French Bond Spreads Widen as Political Concerns Intensify

Germany’s two-year government bond yields hit a record low Monday amid rising political uncertainty in the region as officials meet in Brussels to debate the ongoing bailout in Greece. Germany’s two-year government bond yields hit a record low Monday amid rising political uncertainty in the region as officials meet in Brussels to debate the ongoing bailout in Greece and polls indicate rising support for far-right Presidential candidate Marine Le Pen.

Sequoia-Backed China Robot Startup Said to Be Raising New Funds

Makeblock Co., a Chinese maker of DIY robotics parts, is seeking to raise funding at a $200 million valuation as the Sequoia Capital-backed startup expands into classrooms and hobbyist’s workshops globally, people familiar with the matter said. The Shenzhen-based company us seeking to raise about 200 million yuan in a series B round, the people said, requesting not to be named discussing a private matter.