The growing competitiveness and volatility in the world economy, including the rise and fall of currencies and the drop in commodity prices, and the shift of the global economic centre to Asia mean that countries have to adapt. “Within this global transition, our task is clear,” Indonesian President Joko Widodo told over 700 business, government […]
On the first day of the 20th World Economic Forum on East Asia, leaders from business and government called for structural reforms in South-East Asia to inject confidence into the region’s financial markets and prepare for the anticipated interest rate hike in the United States. China, as Asia’s largest economy, is key to confidence in […]
Investors see growing overvaluations in both bonds and equities and have signaled concern about a valuation bubble forming, according to the BofA Merrill Lynch Fund Manager Survey for April. The proportion of global investors saying equity markets are overvalued has reached its highest level since 2000. A net 25 percent of respondents to the global […]
Global growth prospects are uneven across major economies, says the IMF’s latest World Economic Outlook (WEO). In advanced economies, growth is projected to strengthen in 2015 relative to 2014, but in emerging market and developing economies it is expected to be weaker. Overall, global growth is forecast at 3.5 percent in 2015 and 3.8 percent […]
WASHINGTON, — World Bank Group President Jim Yong Kim today announced a broad strategy to end extreme poverty by 2030, and he welcomed emerging players such as the Asian Infrastructure Investment Bank and the New Development Bank, established by the BRICS countries, as potentially strong allies in the economic development of poor countries and emerging […]
The global economy has benefited from a shot in the arm provided by reduced oil prices and by the strong performance of the world’s largest economy, the United States. Overall, macroeconomic risks have decreased. So the global recovery continues, but it is moderate and uneven. In too many parts of the world it is not […]
FAIRFIELD, Conn. – April 10, 2015 – GE [NYSE:GE] today announced that it will create a simpler, more valuable company by reducing the size of its financial businesses through the sale of most GE Capital assets and by focusing on continued investment and growth in its world-class industrial businesses. GE and its Board of Directors […]
In a joint session of the Federal Open Market Committee (FOMC) and the Board of Governors of the Federal Reserve System, the manager of the System Open Market Account (SOMA) reported on developments in domestic and foreign financial markets. The deputy manager followed with a review of System open market operations conducted during the period […]
Almost five years after it began, the unfair bank fees case against ANZ looks destined to reach a final conclusion in the High Court of Australia, after appeals against the Federal Court’s previous rulings were upheld today. Chief Justice of the Federal Court James Allsop today delivered the judgment of the Full Court of the […]
