World Economy

  • The Trump administration is delivering the World Trade Organization “three hard blows” that could destroy the body’s ability to regulate global commerce, China’s ambassador to the Geneva-based…

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  • The tug of war between the International Monetary Fund and Germany over the Greek debt issue is threatening Greece’s successful bailout program exit in August.

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  • Croatia’s gross foreign exchange reserves reached €16.5 billion ($19.45 billion) in March 2018, a record high level in nominal terms, Raiffeisenbank Austria said in a report on Wednesday.

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  • The economies of Latin America are expanding again. But the problem is, growth is slow. And there are plenty of uncertainties that could sap the region’s growing economic vitality—from a series…

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  • The yield on the benchmark 10-year US Treasury note hit its highest level since 2011 and the two-year yield hit its highest mark since 2008 after strong retail sales and manufacturing data.

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  • Europe is concerned about collateral damage it may suffer from America’s escalating trade spat with China, an EU official said as he criticized Washington for breaking a years-long push to force…

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  • Japan’s first economic contraction in two years is expected to be only a speed bump on the road to further, yet slower growth.

    The world’s third largest economy shrank by 0.6% on an…

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  • Shares in India’s fraud-hit Punjab National Bank plunged more than 12% on Wednesday after it posted the largest ever quarterly loss for an Indian lender, AFP reported. PNB, the country’s second-…

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  • Emerging market monetary policy settings are on the loose side from the perspective of domestic economic conditions as the US Federal Reserve tightens monetary policy, credit ratings agency…

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  • Norway’s economy kept momentum in the first quarter, helped by a rise in exports as consumer spending stalled.

    Mainland economic growth, which excludes oil and shipping, expanded 0.6% in…

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  • China’s industrial output beat forecasts in April but retail sales slumped, official data showed Tuesday, as the world’s second largest economy faces headwinds from its debt battle and US trade…

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  • France’s economy grew 2.2% in 2017, according to revised figures published Tuesday—good news for President Emmanuel Macron as he pursues ambitious reforms designed to make the country more…

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  • The Tunisian economy grew 2.5% in the first quarter of 2018, compared to 1.9% in the same period a year ago, the investment minister said on Tuesday, Reuters reported.

    Zied Ladhari said…

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  • An election-year spending spree by Sweden’s center-left government could overheat an economy already supercharged by ultra-low interest rates, an independent fiscal watchdog said, Reuters…

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  • Ratings agency Moody’s warned Argentina about the “structural weakness” in its economy. It also warned that the government’s measures to face the “financial turbulence” in the past two weeks…

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  • IMF Managing Director Christine Lagarde warned that a surge in trade protectionism could sap the momentum of the global economic upswing.

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  • The United States has said it may let American businesses invest in North Korea if the two sides reach a nuclear agreement. But even if US economic restrictions against the North are lifted, the…

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  • Nigeria’s economy, measured by the gross domestic product, grew by 3.55% in the first quarter of 2018 from 1.92% in Q4’17.

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  • HSBC Holdings said on Monday it has performed the world’s first trade finance transaction using a single blockchain platform, in a push to boost efficiency in the multi-trillion-dollar funding…

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  • Standard & Poor’s Credit Rating Agency has a positive outlook about the growth of the Omani economy in the coming period, ONA reported. In a new published report, the agency forecasted that…

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  • European Central Bank policymaker Francois Villeroy de Galhau signaled that he expects bond purchases to end this year and an interest-rate hike could follow in 2019, putting him in the camp of…

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  • The Turkish lira and bonds declined to a new record after President Recep Tayyip Erdogan said he plans to take more responsibility for monetary policy if he wins an election next month, spooking…

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  • The International Monetary Fund on Monday stepped up pressure on Chancellor Angela Merkel’s government to reduce Germany’s persistently large current account surplus by hiking public investment…

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  • The Dutch share of world exports is on the rise again after a downturn in the crisis years, the national statistics office CBS said on Monday, DutchNews reported. The CBS reported that the…

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  • The current account balance of payments recorded a deficit of €967 million ($1.159 billion) in the first months of 2018, an increase by more than 25% compared with the same period of 2017, reads…

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