News

Mega merger frenzy evokes 1999 tech boom... and its aftermath?

Jamie McGeever, Reuters
Posted at Jun 21 11:41 AM

By some measures, the global merger and acquisition frenzy has never been greater, fueled by "TMT" mega deals that are drawing comparisons with the late 1990s boom and spectacular bust.   Read more »

US hopes to narrow wide gap in China trade talks

Agence France-Presse
Posted at May 11 05:26 AM

US Commerce Secretary Wilbur Ross said he hopes to reduce large differences with China in trade talks where hundreds of billions of dollars in commerce are at stake. Read more »

Dollar 'most important' currency in ' foreseeable future,' says ADB head

ABS-CBN News
Posted at May 03 12:13 PM

The US dollar will be the "most important key currency for the foreseeable future" even as China pushes for the internationalization of the yuan, the head of the Asian Development Bank said Thursday. Read more »

IMF warns of risks as central banks tighten

Agence France Presse
Posted at Apr 18 10:03 PM

The International Monetary Fund urged central banks Wednesday to take a gradual and transparent approach to tightening monetary policy, warning that unexpected moves could shock the global economy. Read more »

Crypto assets don't pose immediate risk, says world body

Agence France-Presse
Posted at Mar 19 07:18 AM

Virtual currencies and so-called crypto assets do not, yet, pose a systemic risk, the body which makes recommendations about the financial system said in a study released Sunday. Read more »

10 years after meltdown, US banks may have already seen biggest gains

Sinead Carew and Noel Randewich, Reuters
Posted at Mar 16 02:23 PM

Ten years after JPMorgan bought failing investment bank Bear Stearns, one of the first big harbingers of the financial crisis, investor views on US banks are significantly brighter, although the sector may have already put its biggest gains behind it. Read more »

World's central banks cautioned on cryptocurrency risks

Agence France-Presse
Posted at Mar 13 08:41 AM

The creation of digital currencies, like bitcoin, by central banks could revolutionize the global financial system but also carries significant fraud risks, the Bank for International Settlements warned on Monday.   Read more »

Keep calm and carry on with rate hikes, central banks urged

Reuters
Posted at Mar 12 07:34 AM

The recent volatility in global financial markets should not deter top central banks from lifting interest rates or ending years of unprecedented stimulus, the Bank for International Settlements said on Sunday. Read more »

Asia-Pacific nations sign sweeping trade deal without US

Dave Sherwood and Felipe Iturrieta, Reuters
Posted at Mar 09 08:39 AM

Eleven countries including Japan and Canada signed a landmark Asia-Pacific trade agreement without the United States on Thursday in what one minister called a powerful signal against protectionism and trade wars. Read more »

IMF chief says growth strong but countries must prepare for change

David Lawder, Reuters
Posted at Feb 27 04:31 PM

International Monetary Fund Managing Director Christine Lagarde said on Tuesday the global economy was showing broad-based growth, but the landscape was shifting with heightened risks of trade disputes, monetary policy normalization and technological change. Read more »

Global markets seeing 'necessary corrections': IMF chief

Agence France-Presse
Posted at Feb 12 07:26 AM

The latest volatility in global financial markets represents "necessary corrections," IMF chief Christine Lagarde said in Dubai on Sunday, in the wake of a Wall Street plunge. Read more »

Trump touts 'America First' to skeptical Davos elite

Roland Lloyd Parry and Jitendra Joshi, Agence France-Presse
Posted at Jan 26 08:34 AM

President Donald Trump strode into the lion's den to confront the world's political and business elite on Thursday, as his "America First" administration executes an anti-globalist manifesto in trade, taxes and currency rates. Read more »

World's richest made 80 pct of wealth created in 2017: Oxfam

Agence France-Presse
Posted at Jan 22 10:25 AM

The world's richest one percent raked in 82 percent of the wealth created last year while the poorest half of the population received none, Oxfam said Monday, as the world's elite prepared to mingle at the World Economic Forum in Davos. Read more »

America Last? EU says Trump is losing on trade

Philip Blenkinsop and Noah Barkin, Reuters
Posted at Jan 16 11:55 AM

The European Union's trade tsar has no idea what Donald Trump will tell his audience at the World Economic Forum in Davos next week, but she is clear what the EU's message to the US president will be. Read more »

Airbus warns A380 program at risk as orders dry up

Djallal Malti, Agence France-Presse
Posted at Jan 16 08:47 AM

Airbus said Monday that it might have to end production of the double-decker A380 superjumbo jet, having booked no new orders for the plane in 2 years. Read more »

World Bank upgrades global growth forecasts

Heather Scott, Agence France-Presse
Posted at Jan 10 08:12 AM

For the first time in many years, the World Bank's outlook for the global economy is better than expected rather than worse, with all regions seeing improved growth, according to its latest forecast released Tuesday. Read more »

IMF chief: Make reforms while sun shines on world economy

ABS-CBN News
Posted at Jan 01 08:20 AM

International Monetary Fund chief Christine Lagarde has urged France and other countries to push through reforms "while the sun is shining" on the global economy. Read more »

Minimum wage rises by 40 pct in Venezuela, stoking world's fastest inflation

Alexandra Ulmer and Corina Pons, Reuters
Posted at Jan 01 08:14 AM

Venezuelan President Nicolas Maduro announced a 40 percent increase to the minimum wage as of January, a move that will foment what many economists already consider hyperinflation in the oil-rich but crisis-stricken nation. Read more »

Hopes fade for TPP breakthrough in Vietnam

Martin Abbugao and Jerome Taylor, Agence France-Presse
Updated as of Nov 11 03:31 AM

Three days of talks have made little headway, despite premature reports late Thursday that an interim deal had been struck.  Read more »

Yen at 3-month low on Abe win, euro struggles with Spain

Wayne Cole, Reuters
Posted at Oct 23 08:23 AM

Japan's yen hit 3-month lows on Monday as an election win for the government gave a green light for super-easy monetary policy, while the euro eased as Spain's constitutional crisis aggravated concerns about political unity in the bloc.  Read more »