News

Central bankers bet weak inflation won't last forever

Delphine Touitou and Douglas Gillison, Agence France-Presse
Posted at Oct 16 07:10 AM

The European Central Bank expects a pickup in inflation even though wages have remained weak during the current economic recovery, its vice president, Vitor Constancio, said Sunday. Read more »

Overcoming roadblocks, bitcoin takes flight again

Erwan Lucas, Agence France-Presse
Posted at Oct 13 07:26 AM

Bitcoin may be in for a sustained record run as it overcomes key obstacles, experts said Thursday after the cryptocurrency set a new record high. Read more »

Cartel holds the cards in oil market

Agence France-Presse
Updated as of Oct 12 05:03 PM

OPEC and its allies have regained some control over the oil market as their production limits have eroded the supply glut that caused prices to plunge, but the IEA warned Thursday further restraint is needed if this balance is to be maintained.  Read more »

World must 'seize the opportunity' of global recovery: IMF's Lagarde

Agence France-Presse
Posted at Oct 06 08:35 AM

International Monetary Fund chief Christine Lagarde said Thursday a worldwide economic recovery is taking hold, opening a window for countries to enact reforms aimed at attaining broader, lasting prosperity.   Read more »

'Our economy is not broken': UK finance minister defends capitalism

William James, Reuters
Posted at Oct 02 10:28 AM

British finance minister Philip Hammond will defend his Conservative Party's management of the economy on Monday, seeking to stave off rising support for the opposition Labour Party's vision of a more centrally-controlled state. Read more »

Philippines is world's 56th most competitive economy

ABS-CBN News
Posted at Sep 27 09:09 AM

The Philippines moved up a notch in the World Economic Forum's annual competitiveness ranking, with red tape, infrastructure and taxes among top drawbacks for investors. Read more »

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 »