Corporate & Financial News Update

Oil prices rose on Tuesday after U.S. President Donald Trump predicted a trade deal with China following positive comments by Beijing, calming concerns raised by an earlier round of tit-for-tat tariff hikes. Reuters

When compared to July 2018, the industrial producer price index went up by 1.75 per cent. This was due to a rise of 2.68 per cent in intermediate goods, 1.95 per cent in capital goods and 1.43 per cent in consumer goods. No price changes were registered in the energy sector. NSO Malta 

Poland’s government approved a plan on Tuesday to eliminate its budget deficit in 2020, Prime Minister Mateusz Morawiecki said, as the ruling nationalists sought to emphasize their economic credentials before a national election on Oct. 13. Reuters 

World shares gained on Tuesday as some investors held out hopes for a trade deal between the United States and China, even though they continued to raise tariffs on each other last week. Reuters 

The world’s largest sovereign wealth fund should slash its investments in Europe and increase them sharply in North America, according to a recommendation from the managers of Norway’s $1tn oil fund. FT

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