News

Macron-style reforms key to growth: World Economic Forum

Agence France-Presse
Posted at Sep 27 08:27 AM

Policies promoting labor force flexibility, like those pushed through by French President Emmanuel Macron, are key to fostering a competitive economy, the World Economic Forum said in its flagship report on Wednesday.  Read more »

China a sweet spot for US companies’ earnings in Q2

Adam Jourdan, Reuters
Posted at Aug 14 07:30 AM

SHANGHAI - Trade tensions between Washington and Beijing may be running high but Corporate America is finding China to be a reliable source of profit growth this year. Read more »

IMF says global recovery on firmer footing

Heather Scott, Agence France-Presse
Posted at Jul 24 03:14 PM

The global economic recovery is on firmer footing as improving growth in China, Europe and Japan offset downward revisions for the United States and Britain, the International Monetary Fund said Sunday. Read more »

World Bank says trade, manufacturing to boost 2017 global growth

David Lawder, Reuters
Posted at Jun 05 07:39 AM

The World Bank on maintained its forecast that global growth would improve to 2.7 percent this year, citing a pickup in manufacturing and trade, improved market confidence and a recovery in commodity prices. Read more »

World Bank Group, China-led AIIB agree to deepen cooperation

David Lawder, Reuters
Posted at Apr 24 07:59 AM

The World Bank Group and the China-led Asian Infrastructure Investment Bank said on Sunday they agreed to deepen their cooperation with a framework for knowledge sharing, staff exchanges, analytical work, development financing and country-level coordination. Read more »

Trump believes in 'reciprocal' free trade: Treasury chief

Agence France-Presse
Updated as of Apr 23 09:59 AM

The United States, which is considering new protectionist policies, believes in 'free and fair' trade, US Treasury Secretary Steven Mnuchin said Saturday. Read more »

IMF raises global growth forecast, warns against protectionism

David Lawder, Reuters
Posted at Apr 18 11:27 PM

The International Monetary Fund raised its 2017 global growth forecast on Tuesday due to manufacturing and trade gains in Europe, Japan and China, but warned that protectionist policies threaten to halt a broad-based recovery. Read more »

Asian shares, won move south on worries over North Korea

Hideyuki Sano, Reuters
Posted at Apr 14 07:32 PM

The dollar was on the back foot against many other currencies after comments from Trump earlier this week that the US currency was "getting too strong" and that he would like to see interest rates stay low. Read more »

IMF chief 'reassured' after talks with Trump's team

Agence France-Presse
Posted at Feb 23 10:09 AM

IMF chief Christine Lagarde said Wednesday that she had been reassured by her first meetings with members of the new administration of US President Donald Trump, whose economic program has caused global jitters. Read more »

European Central Bank sees seeds of next crisis in Trump plan

Balazs Koranyi and Francesco Canepa, Reuters
Posted at Feb 07 08:19 AM

The European Central Bank rejected US accusations of currency manipulation on Monday and warned that deregulating the banking industry, now being openly discussed in Washington, could sow the seeds of the next financial crisis. Read more »

What now for the Trans-Pacific Partnership after US exit?

Agence France-Presse
Updated as of Jan 25 04:09 PM

US President Donald Trump has abandoned the Trans-Pacific Partnership, leaving the ambitious trade agreement in limbo. Here are some key questions about the pact which supporters said would write the rules for 21st century commerce. Read more »

Tetangco: Trump worries may persist ‘for some time’

Cathy Yang, ABS-CBN News
Updated as of Jan 20 02:02 PM

Uncertainty over US President-elect Donald Trump will persist “for some time” as financial markets monitor how he translates his campaign rhetoric into economic policies, Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. said Friday. Read more »

IMF boosts US growth estimate on expected stimulus

Heather Scott, Agence France-Presse
Posted at Jan 17 10:03 AM

The International Monetary Fund on Monday boosted its estimates for US growth on expected stimulus spending by the incoming Trump administration, but kept the forecast for global growth unchanged. Read more »

China's Xi to defend globalization in Davos

Noah Barkin, Reuters
Posted at Jan 17 09:02 AM

Chinese President Xi Jinping will defend globalization in the face of mounting public hostility in the West on Tuesday in a speech at the World Economic Forum that will underline Beijing's growing global role. Read more »

8 billionaires as wealthy as half of humanity, Oxfam tells Davos

Ben Hirschler, Reuters
Posted at Jan 16 10:29 AM

Just eight individuals, all men, own as much wealth as the poorest half of the world's population, Oxfam said on Monday in a report calling for action to curtail rewards for those at the top. Read more »

China's Xi to promote 'inclusive' globalization at Davos

Reuters
Posted at Jan 11 03:03 PM

China's President Xi Jinping will seek to promote "inclusive globalization" in his keynote speech at the World Economic Forum (WEF) in Davos, Switzerland, later this month, China's foreign ministry said on Wednesday. Read more »

World Bank sees higher 2017 global growth, uncertainty over US

David Lawder, Reuters
Updated as of Jan 11 09:47 AM

The World Bank on Tuesday said global growth would accelerate slightly as recovering oil and commodity prices ease pressures on emerging-market commodity exporters and painful recessions in Brazil and Russia come to an end. Read more »

Bitcoin nears record high as it becomes 'safe haven' asset

Agence France-Presse
Posted at Jan 05 12:06 PM

Bitcoin neared record highs Thursday with the surging digital currency tipped to become a new safe haven asset as the world grapples with growing economic uncertainty. Read more »

Sluggish trade to slow emerging Asia growth: Fitch

ABS-CBN News
Posted at Dec 07 11:48 AM

Slugging global trade and a gradual cooling down of the Chinese economy is expected to slow growth in emerging Asia, debt-watcher Fitch Ratings said. Read more »

Federal Reserve seen to raise rates 4 times in next 2 years

ABS-CBN News
Posted at Nov 23 03:30 PM

The Federal Reserve could raise interest rates in December and three more times in the next 24 months, on brighter prospects for the US economy and President-elect Donald Trump's pledge to boost spending, an analyst said Tuesday. Read more »