Iran

Middle East At Point Of No Return As Saudi-Qatar Rift Deepens

The challenges MBS faces are enormous. Due to lower hydrocarbon revenues, he will need to change an oil-based economy into a more open, liberal and high-tech economy, capable of taking on global competition in these fields... While the Saudi leading ulema have pledged allegiance to the new crown prince, the reality remains complex... At the same time, the region is at a point of no return if the Syria-Iran and Qatar issues are not solved soon.

Trump "Increasingly Frustrated With China" Over North Korea, Trade: Reuters

Two weeks after Trump's ominous "China "tried and failed" to contain North Korea tweet, the US president appears to be getting closer to that default condition in US-China relations which many had anticipated from day one: a not particularly cooperative one, and as a result Reuters reports that Trump is "increasingly frustrated" with China over both North Korea and trade differences.

How The Fed Helps The US Spy On Foreign Governments

It's widely known that the Federal Reserve has been tasked by Congress with a "dual mandate" to maintain maintain stable consumer-goods prices, low unemployment and - oh yeah - buoyant equity prices.  However, as Reuters revealed on Monday, the central bank has another legally binding obligation that might upset some of its clients: Helping US intelligence agencies spy on foreign governments.

SCOTUS "Mostly" Reinstates Trump Travel Ban; Schedules October Hearing

It appears that Trump has been handed a 'partial' victory on his travel ban by the Supreme Court.  While SCOTUS revived a "narrowed" ban, they found that it can not be applied to people with a "credible claim of a bona fide relationship with a person or entity in the United States."  A hearing has been scheduled for October.

Frontrunning: June 26

  • Italian Bank Deal Raises Questions About Eurozone Rules (WSJ)
  • UK PM May strikes $1.3 billion deal to get Northern Irish DUP support for her government (Reuters)
  • Nestle Targeted by Dan Loeb in Activist’s Biggest-Ever Bet (BBG)
  • Nestle 'committed' to strategy as activist investor moves in (Reuters)
  • Troubled Air-Bag Maker Takata Files for Bankruptcy (WSJ)

The Hidden Motives Of The Chinese Silk Road

Chinese President Xi Jinping suggested that “what we hope to create is a big family of harmonious co-existence.” But India, an emerging economy that shares a contested border with China, worries about containment and new pathways for aggression from Pakistan...