America’s largest banks are now raising red flags about the health of those loans. Banks “are going to lose money on the loans they’ve made. That’s pretty evident — whether oil prices go to $30 or $80 a barrel,” said Dick Bove, an analysts who covers banks at Rafferty Capital. Source CNN Money
Israel is pressing the Trump administration to recognize its sovereignty over the occupied Golan Heights, an Israeli cabinet minister said on Wednesday, predicting U.S. assent could come within months. Source: Reuters
European Commission Vice President Maroš Šefčovič said on May 23 that the time has come for another round of trilateral talks with Russia and Ukraine to find a “Constructive and stable co-operation between Russia and Ukraine in the field of energy is of utmost importance for the European Union.” Source: New Europe
China will take in more natural gas from the United States to satisfy growing domestic demand, a Chinese consultancy has said amid trade talks between Washington and Beijing seeking to settle differences about a major U.S. trade deficit with Asia’s second-largest economy. Source: Oil Price
