• MTS Economic News_20170206

    6 Feb 2017 | Economic News


• President Donald Trump agreed to meet alliance leaders in Europe in May in a phone call on Sunday with NATO Secretary General Jens Stoltenberg that also touched on the separatist conflict in eastern Ukraine, the White House said.

Trump was elected on a pledge to push NATO members to increase their funding to the western alliance to ease the financial burden on the United States.

• President Donald Trump's temporary immigration ban faces crucial legal hurdles this week that could determine whether he is able to push through the most far-reaching and controversial policy of his first two weeks in office.

On Monday, the government has a deadline to justify the executive order temporarily barring immigrants from seven mostly Muslim countries and the entry of refugees after a federal judge in Seattle blocked it with a temporary restraining order on Friday.

The uncertainty caused by a judge's stay of the ban has opened a window for travelers from the seven affected countries to enter the United States.

• Oil prices rose on Monday, with traders shifting money into crude futures as the dollar weakened, and on concerns that new U.S. sanctions against Iran could be extended to affect crude supplies.

But markets were held back by more signs of growing U.S. production and by worries that import demand in China could slow.

International Brent crude futures were trading at $56.96 per barrel at 0750 GMT, up 15 cents from their last close.

U.S. West Texas Intermediate (WTI) futures were up 18 cents at $54.01 a barrel.

Reference:Reuters
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