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India set to eclipse US with global economic growth share by 2024

3 days ago NAMEX Comments Off on India set to eclipse US with global economic growth share by 2024
India is expected to become a much bigger driver of global growth than the world’s current largest economy, the US, in just five years, according to Bloomberg calculations based on International Monetary Fund (IMF) data. The global economic watchdog warned about the risks of the slowdown that the world is currently facing as it downgraded Read More

China’s central banker says yuan level ‘appropriate’, trade tensions risk to global economy

4 days ago NAMEX Comments Off on China’s central banker says yuan level ‘appropriate’, trade tensions risk to global economy
WASHINGTON (Reuters) – China’s top central banker said on Saturday that potential escalation of trade tensions and policy uncertainty were the major risk factors facing the world economy, and market forces were keeping China’s yuan at an appropriate level. People’s Bank of China Governor Yi Gang, Federal Reserve Chairman Jerome Powell and Nigeria’s Finance Minister Read More

Fallout from Trump’s trade wars felt by economies around the world

4 days ago NAMEX Comments Off on Fallout from Trump’s trade wars felt by economies around the world
WASHINGTON (Reuters) – The collateral damage of the United States’ trade wars is being felt from the fjords of Iceland to the auto factories of Japan. FILE PHOTO: Newly manufactured cars of the automobile maker Honda await export at port in Yokohama, south of Tokyo June 23, 2015. REUTERS/Toru Hanai/File Photo Central bank governors and Read More

Cutting rates is bringing us closer to ‘the greatest amount of debt’ in human history – RT’s Boom Bust

4 days ago NAMEX Comments Off on Cutting rates is bringing us closer to ‘the greatest amount of debt’ in human history – RT’s Boom Bust
Ridiculously low interest rates around the world have recently become a hot topic among policymakers and market analysts. RT’s Boom Bust discusses how further cuts would affect ballooning negative yielding global debt. “In August we saw that we were at $17 trillion negative yielding global debt… The IMF is warning that if we reach $19 Read More

G20 kicks off debate to regulate ‘stablecoins’ in hit to Facebook’s Libra

5 days ago NAMEX Comments Off on G20 kicks off debate to regulate ‘stablecoins’ in hit to Facebook’s Libra
WASHINGTON (Reuters) – Group of 20 finance leaders on Friday agreed to set strict regulations on cryptocurrencies such as Facebook’s Libra, warning that issuance of such “stablecoins” should not be allowed until various global risks they pose are addressed. FILE PHOTO: The International Monetary Fund logo is seen during the IMF/World Bank spring meetings in Read More

Boeing, J&J, dismal China data drag Wall Street lower

5 days ago NAMEX Comments Off on Boeing, J&J, dismal China data drag Wall Street lower
NEW YORK (Reuters) – Wall Street fell on Friday as negative headlines about Johnson & Johnson and Boeing, along with bleak economic data from China, soured investor risk appetite and offset generally positive corporate earnings. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 18, 2019. REUTERS/Brendan Read More

G20 agrees stablecoins give rise to ‘serious’ risks: press release

5 days ago NAMEX Comments Off on G20 agrees stablecoins give rise to ‘serious’ risks: press release
WASHINGTON, (Reuters) – Group of 20 finance leaders agreed that global stablecoins give rise to a set of “serious” public policy and regulatory risks, a press release from Japan, the group’s chair, showed on Friday. The G20 also called on the International Monetary Fund to examine the macro-economic implications, including monetary sovereignty issues in its Read More

China third-quarter GDP grows 6%, slowest pace in almost three decades

5 days ago NAMEX Comments Off on China third-quarter GDP grows 6%, slowest pace in almost three decades
BEIJING (Reuters) – China’s economic growth slowed more than expected to 6.0% year-on-year in the third quarter, the weakest pace in almost three decades, hit by soft factory production amid a bruising Sino-U.S. trade war and lackluster demand at home. Workers look at cranes lifting containers onto cargo vessels at a port in Yantai, Shandong Read More

PRESS DIGEST- British Business – Oct 18

6 days ago NAMEX Comments Off on PRESS DIGEST- British Business – Oct 18
Oct 18 (Reuters) – Here are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times – British Prime Minister Boris Johnson flew back from Brussels with a Brexit deal last night and will spend the next 24 hours trying Read More

PRESS DIGEST-British Business – Oct 17

7 days ago NAMEX Comments Off on PRESS DIGEST-British Business – Oct 17
Oct 17 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times – Labour leader Jeremy Corbyn is understood to support backing an amendment to a new vote on a withdrawal agreement that UK PM Read More