Teresa May is preparing 20 billion euros to break Brexit roadblock

The Financial Times presented a sneak preview of Teresa May's speech to be delivered in Florence on Friday, citing officials briefed on the discussions. Angela Merkel, the German Chancellor through the British government, was told to expect British Prime Minister Teresa May to pay at least 20 billion Euros to fill the EU budget hole after the departure of Britain.

Read More

Donald Tusk is heading to London next week to meet Teresa May

Donald Tusk, president of the European Council, is heading to London next week to meet British Prime Minister Theresa May to discuss Brexit. Tusk met May on the sidelines of the UN General Assembly in New York and agreed to meet next Tuesday.

Read More

US current account deficit widens in second quarter

The current account deficit in the United States rose to its highest level since 2008 during the second quarter of 2017 amid a decline in primary and secondary income. The current account measures the flow of goods, services and investments entering and leaving the country.

Read More

Highlights of the RBA's monetary policy meeting minutes

The following are the highlights of the Reserve Bank of Australia's monetary policy meeting minutes in September:

• There is a need to balance the risk of rising household debt and lower inflation.
• The rise in the Australian dollar was driven by a decline in the US dollar, which could weigh on domestic growth and inflation.

Read More

Iraq fully complies with OPEC's cut production agreement

The statements of the Iraqi Oil Minister were as follows:

• Iraq has exceeded its share of production cuts.
• Oil production currently stands at 4.32 million barrels per day.

Read More

Hansson: Tightening monetary policy should be carried out gradually

The comments of Ardo Hansson, Governor of the Central Bank of Estonia and member of the Board of Governors of the ECB as follows:

• The ECB's next step should be a large-scale recalibration of the monetary stimulus program rather than a change in the duration or volume of quantitative easing.

Read More

Spokesman: All parties are united on the plan of Brexit

The spokesman for the British Prime Minister Teresa May made the following statement:

• The Prime Minister values the contributions of all her colleagues in the Cabinet of Ministers.
• Boris Johnson's views are well known about Brexit during the EU referendum campaign.

Read More

Shinzo Abe will call for snap elections soon

Some reports out with that Japanese Prime Minister Shinzo Abe will dissolve the Lower house and call snap elections next month and Abe will make his final decision on Friday, it is likely to be on October 22.

Read More