New Zealand

New Zealand Expels US Spy With Broken Nose And Black Eye, After "Incident"

It's not just US-Russian relations that have devolved to the level of spontaneous diplomat expulsion.  According to Reuters, New Zealand has expelled an attache at the U.S. Embassy after Washington refused to waive his right to diplomatic immunity in relation to a police investigation of a potentially serious crime, after an "incident" which gave him a broken nose and a black eye, media and authorities said.

Global Stocks, US Futures Slide Spooked By G20 Protectionist Shift; Dollar Drops For 4th Day

Global markets start the week mixed with Asian stocks rising (Japan was closed for holiday), European stocks sliding, weighed down by declines in oil-and-gas shares and banks, and S&P500 futures also down. The dollar fell to a six-week low, falling four days in a row for the first time since early November as G20 leaders scrap a long-standing commitment to reject all forms of trade protectionism.

White House Makes Formal Apology To Britain Over Spying Accusation

The White House has assured UK Prime Minister Theresa May that it will not repeat claims that GCHQ spied on Donald Trump, a spokesman for Downing 10 said. "We've made clear to the administration that these claims are ridiculous and they should be ignored and we've received assurances that these allegations will not be repeated."

A Critical Week For Markets Begins: Preview Of The Main Events

A pivotal, catalyst-filled week for global markets is now underway as investors brace for the second US interest rate hike in 2 quarter, a Dutch election, the expiration of the US debt ceiling deal, the imminent invoking of Article 50 by Theresa May, the first G20 finance ministers' meeting of the Trump era and perhaps the disclosure of Trump's proposed budget.

Millionaire Migrants: Countries That Rich People Are Flocking To

Money may not buy happiness, but it does buy the ultimate flexibility for making financial and lifestyle decisions. For many of the world’s millionaires, money provides a highly effective means to escape their home country when times get tough.

Government Knows Best - Junk Food Ban Goes Global

One small problem has emerged as a Nanny State in the Pacific islands considers banning imported sugary foods to combat their obesity epidemic..."No country in the world has been able to demonstrate reductions in its obesity prevalence, so we’re not that different...It’s just that our levels are higher to start with.”

The Week's Key Economic And Financial Events

In this holiday-shortened week, attention will be on the US FOMC minutes, housing data and consumer confidence. There will be GDP, PMI and inflation releases across the Euro Area as well as the latest Greek Eurogroup meeting. Look for GDP and public finances data in the UK.

Frontrunning: February 14

  • Yellen to Face Questions on Trump’s Impact on Economy (WSJ)
  • Fed has limited view on Trump economic policies as Yellen heads to Congress (Reuters)
  • Oil rises as OPEC-led output cuts trim oversupply (Reuters)
  • Mnuchin’s G-20 Debut Clouded by Currency Chatter (BBG)
  • Israel’s Netanyahu Prepares for High-Stakes Talks With Trump (WSJ)
  • Peugeot Owner in Talks to Buy GM’s European Business (BBG)