Saudi Arabia warned it would retaliate against any sanctions imposed on the oil-rich kingdom over the disappearance of journalist Jamal Khashoggi, as more Western companies distanced themselves from the Gulf State.
Risks to the global financial system have risen over the past six months and could increase sharply if pressures in emerging markets escalate or global trade relations deteriorate further, the International Monetary Fund said on Wednesday.
Our research in the new Fiscal Monitor shows that few governments know how much they own, or how they use those assets for the public’s well-being. Knowing what a government owns and how they can put their assets to better use matters because they can earn about 3 percent of GDP more in revenues each year and reduce risks, all at once. That’s as much revenue as governments make from corporate…
The European Central Bank should keep its policy options open and not let itself be influenced by the Federal Reserve, ECB policymaker Francois Villeroy de Galhau said on Sunday.
We will soon find out whether US voters matter more than the money flowing into the Republican Party’s coffers. America’s political and economic future, and most likely the peace and prosperity of the entire world, depends on the answer.
How soon will the impact of escalating tensions be felt? With NAFTA renegotiated and the new USMCA pending confirmation, conversations on global trade and tariffs have once again refocused upon the relationship between the United States and China. Is the global economy prepared for th
Having unilaterally reimposed sanctions on Iran, US President Donald Trump's administration is threatening to penalize companies doing business with the Islamic Republic by denying them access to US banks. But that could hasten the dollar's demise as the main global currency.
The German government is considering tougher sanctions against companies that foster criminal behavior in the wake of Volkswagen's diesel emissions scandal, the country's justice minister said.
Abbvie Inc said on Thursday it settled all patent disputes with Novartis AG, granting it a non-exclusive license to manufacture and sell a copycat version of blockbuster drug, Humira.
The U.S. Treasury Department’s staff has advised Secretary Steven Mnuchin that China isn’t manipulating the yuan as the Trump administration prepares to issue a closely watched report on foreign currencies, according to two people familiar with the matter.
Global hedge fund industry performance dipped negative in September, with overall industry returns at -0.17% last month, according to the latest eVestment data. This brings Q3 returns to just barely positive at +0.30% and year to date (YTD) returns to +0.53%. This is a far cry from the industry’s aggregate return of +8.92% for 2017 and, in a generally strong investment market, may re-ignite…
This summer’s global heat wave was a reminder that as global temperatures increase, it is the world’s poorest who will suffer the most. Nowhere is this truer than in India, where rising temperatures are threatening millions who struggle with limited access to basic amenities.
As the euro zone sovereign debt crisis petered out, European officials at annual meetings of the International Monetary Fund were happy to move out of the spotlight over recent years. Europe was not in the eye of the storm.
China's top central banker on Saturday pledged to keep the yuan currency's value "broadly stable," a sign that Beijing may be trying to prevent a bruising trade dispute with the United States from spilling over into a currency war.
Bank of Japan Governor Haruhiko Kuroda said on Saturday steady interest rate hikes by the Federal Reserve were "basically good" for the world economy, shrugging off concerns that higher U.S. rates could hurt Asian economies by triggering capital outflows.
U.S. Treasury Secretary Steven Mnuchin on Saturday said Chinese officials told him this week that a further depreciation of China's yuan currency was not in the country's interest.
Faced with a plunging peso and increasing investor uncertainty, Argentina agreed in late September to a series of tough economic reforms in return for a $57.1 billion funding lifeline from the International Monetary Fund (IMF).
Prime Minister Theresa May delighted her Conservative Party followers by dancing her way onto the stage, with ABBA’s “Dancing Queen” in the background, at the recent party convention.