• MTS Economic News_20170117

    17 Jan 2017 | Economic News

• A plan by Donald Trump to turf out dozens of ambassadors on the day he takes office risks months of uncertainty in some of the most sensitive parts of the world, according to several experts.

The president-elect's stance that all politically appointed ambassadors must, with no exceptions, be gone from Day One risks cutting off nations' direct line to the president while Congress wades through the lengthy process of approving their successors, analysts said.

• Theresa May will set out a 12-point plan for Brexit as she vows that the UK will not have “partial” membership of the EU “that leaves us half-in, half-out”.

In remarks that will delight Conservative Eurosceptics, Mrs May will pledge that Britain outside the European Union will be a “great, global trading nation” that is “respected around the world and strong, confident and united at home”.

• Oil markets were mixed on Tuesday, supported by growth in U.S. crude production and Saudi Arabia saying it would strictly adhere to a commitment to cut output, but held back by scepticism in financial markets that oversupply would be curbed.

U.S. West Texas Intermediate (WTI) crude oil futures were trading up 2 cents at $52.39 per barrel at 0540GMT.

Brent crude futures, the international benchmark for oil prices, were down 19 cents at $55.67 a barrel.


Reference: Reuters, CNBC, Telegraph

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