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The De Soto Edge

The De Soto Edge News Online
Economy News

The Federal Reserve is considering changes to the annual stress tests it gives U.S. banks to move to a more risk-sensitive, firm-specific approach that would raise capital requirements for big banks based on their test results, according to...

By Jaime Charles on Sep 28th, 2016
Christine Lagarde

International Monetary Fund Managing Director Christine Lagarde said on Wednesday the institution would lower its 2016 U.S. growth forecast again and called policies that restrict trade “economic malpractice” that would choke off growth. Lagarde,...

By Carl Holmes on Sep 28th, 2016
Janet Yellen

A rise in Deutsche Bank shares helped push European stocks higher on Wednesday, easing concerns over Germany’s financial sector that had hit equities in Asia and drove investors into safe-haven government bonds and the dollar. Beyond...

By Claire Hirschman on Sep 28th, 2016
Oil Drilling

Oil prices rose on Wednesday, after sharp losses in the previous session, as industry data showed a surprise draw in U.S. crude stocks, although worries over a lack of agreement among producers to curb output kept a lid on gains. Brent crude...

By Jaime Charles on Sep 28th, 2016
Oil Rig

Oil settled up 3 percent on Monday as the world’s largest producers gathered in Algeria to discuss ways to support prices, with nervous trade driving volatility to its highest since a similar meeting to freeze output in April in Doha...

By Claire Hirschman on Sep 27th, 2016
WTO

The World Trade Organization cut its forecast for global trade growth this year by more than a third on Tuesday, reflecting a slowdown in China and falling levels of imports into the United States. The new figure of 1.7 percent, down from the...

By Amber Medina on Sep 27th, 2016
Mario Draghi

On Monday, Mario Draghi outlined that the United Kingdom should not be given any special benefits for single-market access during negotiations of its departure from the EU. “Any outcome should ensure that all participants are subject to the...

By Claire Hirschman on Sep 27th, 2016
Germany Business

Business morale in Germany saw an unexpected spike in September, reaching a two year high according to a survey on Monday. The survey signlaed that business leaders had shrugged off worries over Brexit which had pressured their outlook during...

By Andrew Kirk on Sep 27th, 2016
OPEC

Saudi Arabia and Iran on Tuesday dashed hopes that OPEC oil producers could clinch an output-limiting deal in Algeria this week as sources within the exporter group said the differences between the kingdom and Tehran remained too wide. “This...

By Carl Holmes on Sep 27th, 2016