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Trump Orders Review of Dodd-Frank Act Rules

Finance Investment Trading

Today Trump signed the executive order, requesting Treasury Department to investigate financial regulations, enacted by the Obama administration after the financial crises of 2008. The order is targeting the controversial Dodd-Frank Act.  The second directive halts the Labor Department rule that requires brokers to act in a client’s best interest, rather than seek the highest …

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Can US Oil Imports from OPEC be Stopped?

Finance Investment Trading

Can US survive if OPEC oil imports are stopped? OPEC suppliers shrugged off the goal of new administration of cutting the oil imports from ‘hostile’ countries. The idea of oil independence was dismissed as total nonsense. Bloomberg reports: The U.S. is “closely integrated in the global energy market,” Saudi Arabia’s Energy and Industry Minister Khalid …

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China’s ‘Iron Fist’ Policy

China

As Chinese leaders preach openness and free market all around the world, their policy at home is quite opposite. While certain economic freedoms exist, the ruling Communist party is keeping total control over significant chunk of the industry, information space and judicial system. Bloomberg reports: Xi’s speech at the World Economic Forum came days after …

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