World Economy

  • The global economy, slowed by stagnation in Europe and Japan, is being further hampered by China’s decelerating growth, Newstelegram reported. The Chinese economy grew 7.4% in 2014, its…

    World-Economy
  • Malaysian Shariah-compliant bonds may receive a $3b injection when they get added to a Barclays Plc index, making them cheaper relative to the country’s non-Islamic notes, Bloomberg reported. The…

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  • German Finance Minister Wolfgang Schaeuble reassured India the eurozone is not about to lurch into a fresh crisis as he praised Prime Minister Narendra Modi’s new government on a visit to New…

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  • Russia is capable of withstanding current economic turbulence as it has substantial foreign exchange reserves, but further instability due to geopolitical tensions in the region will affect…

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  • Unemployment will rise by 11 million in the next five years due to slower growth and turbulence, the UN warned on Tuesday.

    More than 212 million people will be jobless by 2019 against the…

    World-Economy
  • In the last 10 years, India’s GDP moved up nearly 3-fold to about $2 trillion now from about $690 billion in 2004. However, it still remains as the 10th largest economy in the world (as…

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  • Brazil announced tax increases on fuel, imports and consumer loans aimed at raising 20.6 billion reais ($7.7 billion) in additional revenues this year, although some economists have warned…

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  • The International Monetary Fund lowered its forecast for Canadian growth this year, Nasdaq said. The Washington, D.C.-based fund said it expects the Canadian economy to expand 2.3% in 2015 instead…

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  • Austrian borrowers have taken out 29 billion euros ($34 billion) in Swiss franc-denominated debt, with 4% of that amount coming due in the next 12 months, financial regulator FMA said on Tuesday,…

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  • Widening the Panama Canal will cost more than budgeted due to billions of dollars in overruns by the consortium carrying out the work, the canal’s administrator acknowledged.

    Grupo Unidos…

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  • Denmark is trying to silence currency speculators as the government and central bank insist the Nordic country won’t follow Switzerland in severing its euro ties.

    World-Economy
  • The International Monetary Fund on Tuesday sharply cut its 2015-2016 world growth forecast of only six months ago, saying lower oil prices did not offset pervasive weaknesses around the globe.…

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  • Nice timing. On the day China said its economy is growing faster than expected, two companies from Japan and Thailand made one of their biggest bets on just that.

    World-Economy
  • Anglo-Australian mining giant Rio Tinto has again increased its iron ore output, even as prices plunged during 2014, ABC online reported Tuesday. The miner increased iron ore shipments by 13% in…

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  • Malaysia trimmed its 2015 growth forecast on Tuesday and said the fiscal deficit would be bigger than expected after the sharp fall in oil prices hit the petroleum-exporting nation’s economic…

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  • Chinese President Xi Jinping and the other six members of the Communist Party’s elite Politburo Standing Committee have been given 62% pay rises, as civil servants get their first increases since…

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  • MICEX index has exceeded 1,600 points for the first time since December 4, 2014, rising 0.95% to 1606.3 points. The RTS index rose by 1.16% to 778.8 points, Tass reported. The ruble also rose…

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  • The state of Alaska is one of the hardest hit in the US by the slump in oil prices, as 87% of its budget is sourced from the development of mineral resources. The state’s budget deficit is…

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  • German consumers feel they are experiencing deflation for the first time since the height of the global financial crisis in 2009, a survey showed, despite a slight rise in the cost of living in…

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  • Gold held close to a four-month high on Monday as uncertainty in global markets pushed investors towards the safe-haven metal, with holdings in the top bullion fund recording their biggest jump in…

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  • Net capital outflows from Russia more than doubled in 2014 to $151.5 billion, prompted by the Ukraine crisis and the plunging value of the ruble, according to statistics from the central bank.…

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  • The wealthiest 1% will soon own more than the rest of the world’s population, according to a study by anti-poverty charity Oxfam.

    The charity’s research shows that the share of…

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  • Beijing’s attempts to crackdown on speculative trading in the overheated mainland stock markets have triggered a sell-off, panic among investors and ultimately, a stock exchange crash today,…

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  • Astana is slashing growth forecasts and cutting spending as Kazakhstan eyes its gloomiest economic outlook for years, sources in parliament report.

    World-Economy
  • Two decades after the first Summit of the Americas, a lot has changed in the continent and it has been for the good. Today, a renewed hemispheric dialogue without exclusions is possible.

    World-Economy