News

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 »

Pacific rim leaders to debate future of trade post-Trump

Rosalba O'Brien and Teresa Cespedes, Reuters
Posted at Nov 18 04:17 PM

Leaders of Pacific rim nations began gathering in Peru on Friday seeking to salvage hopes for regional trade as prospects of a Donald Trump presidency sounded a possible death knell for the US-led Trans Pacific Partnership (TPP) free trade pact. Read more »

EU braces for 'more businesslike' ties with Trump's America

Gabriela Baczynska and Robert-Jan Bartunek, Reuters
Posted at Nov 14 12:04 PM

The European Union must spend more on defense and uphold accords on climate change and Iran's nuclear program, the bloc's foreign ministers said after mulling future ties with US President-elect Donald Trump, who has cast doubt on all three. Read more »

Mixed signals for economic switch on climate change

Celine Serrat and Marie Heuclin, Agence France-Presse
Posted at Nov 04 12:36 PM

Beyond the broad political consensus behind the Paris Agreement, there are mixed signals on how fast the world is pivoting towards the low-carbon economy needed to beat back the threat of global warming. Read more »

China factory output expands at fastest pace in 2 years

Reuters
Posted at Nov 01 11:02 AM

Activity in China's manufacturing sector expanded at the fastest pace in more than two years in October, adding to views that the world's second-largest economy is stabilizing thanks to a construction boom. Read more »

Asia stocks wallow at 6-week lows, China PMIs in focus; oil down

Reuters
Posted at Nov 01 09:04 AM

Asian stocks wallowed near six-week lows on Tuesday as investors braced for a looming raft of economic and central bank events, while oil prices fell as markets doubted OPEC's ability to implement planned production cuts. Read more »

Economic gender parity nearly two centuries off, WEF finds

Brenna Hughes Neghaiwi, Reuters
Updated as of Oct 26 11:32 AM

Progress in closing the global workplace gender gap is slowing dramatically, according to a World Economic Forum study, with a notable exception in Rwanda, a country still emerging from the aftermath of genocide that has become the world's leader on equal pay. Read more »

Duterte says US lost control of world economy

ABS-CBN News
Posted at Oct 21 12:03 PM

Shackled with trillions of dollars in debt to China, the US no longer controls the world economy, President Rodrigo Duterte said. Read more »

European Central Bank leaves door open to more stimulus

Francesco Canepa and Balazs Koranyi, Reuters
Posted at Oct 21 09:23 AM

The European Central Bank left ultra-loose monetary policy unchanged on Thursday but kept the door open to more stimulus in December, firmly shooting down any talk of tapering its 1.7 trillion euro asset-buying program. Read more »