Harvey
Citi Banking Corporation comments on the impact of Hurricane Harvey
Citi's comments on the impact of Hurricane Harvey on the economy were as follows:
• The hurricane may cause US GDP to slow in Q3 of 2017by about 0.1%, and may be slightly boosted during the Q4 of the same year and un the Q1 of 2018.
Daily wrap up – 29 August
29 Aug 2017 06:37 PM |The global stock markets have been affected this morning and most investors have turned to safe haven assets after North Korea provoked the Japanese side by launching a missile over northern Japan to fall into the Pacific and spark renewed political tensions with the United States.
Oil production in Texas halted due to Harvey Hurricane
28 Aug 2017 01:45 PM |The oil refineries in Texas have shut down due to the rain and floods caused by Hurricane Harvey. The loss of production could result in more than 1 million barrels per day of refining capacity in Houston and Galveston, and that does not include hundreds of thousands of barrels in Corpus Christi.
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