Currencies
US oil inventories drop despite jump in domestic output, DoE says
US oil product stockpiles fell last week despite a sharp rise in the country's imports of crude and a large increase in domestic output.
US trade deficit reaches nine-year high amid 'protectionist rhetoric'
The US trade deficit rose 5% in January to reach a nine-year high of $56. 6bn but an improvement is expected in the coming months.
'Wolf of Wall Street' producer to pay $60m to settle claims
The producer of ‘The Wolf of Wall Street’ has agreed to pay the US government $60m as part of a legal settlement following allegations that it funded the movie with money stolen from Malaysian state investment fund.
US private sector adds 235,000 jobs in February
Private sector employment in the US rose more than expected in February, according to data released by ADP on Wednesday.
EU rejects UK's plan for post-Brexit trade
The European Union has rejected Britain’s proposals for post-Brexit trade, according to the bloc's draft negotiating position.
Venezuela government to start auctioning its petro cryptocurrency
The Venezuelan government has announced it will start selling its new petro cryptocurrency in a few weeks on its foreign exchange platform, Dicom.
White House economic adviser steps down, China's IP practices probed
The White House's top economic adviser stepped down from his role in protest over the US president's plans to impose tariffs on steel and aluminium imports and amid news that the Office of the US Trade Representative was investigating China's practices with regards to intellectual property.