The International Monetary Fund slashed its global growth forecasts on and a survey showed increasing negativity among business chiefs as trade tensions and uncertainty loomed over the world’s biggest annual gathering. The bleak IMF forecasts, published on the eve of the World Economic Forum in Davos, Switzerland, emphasized the challenges that are faced by policymakers …
China is set to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising US tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown. Increasing signs of weakness in China, which has fueled nearly a third of …
China Economy Expected to Slow Down Weak Domestic Demand Read More »
President Donald Trump called on Congress late on Tuesday to hand him $5.7 billion this year to help build a wall on the US border with Mexico but stopped short of declaring a national emergency to pay for the wall using military funds.
The Federal Reserve may only need to raise interest rates once in 2019, Atlanta Fed President Raphael Bostic said, focusing on business executives’ nervousness about the economy and a global slowdown as factors that may hold the US central bank back. Read more here!
US President Donald Trump pledged on Sunday not to bend in his demand for a wall along the southern border with Mexico but stated that the barrier could be made of steel instead of concrete as a potential compromise with Democrats who refuse to fund it. Trump’s statements came at the beginning of the third …
S President Donald Trump and congressional leaders were set on Friday to meet and discuss ways to break an impasse pitting his demand for building a border wall against Democrats’ call for alternative security measures. Read more here!
The European Central Bank designated three temporary administrators on Wednesday to take charge of Italy’s Carige bank in an unforeseen effort to save the floundering lender after it failed to raise new capital. Read more here!
Factory activity weakened across Asia in December as the US-China trade war and a slowdown in Chinese demand hit production in most countries, strengthening the case for a pause in interest rate hikes in the region in 2019. Read more here!
Bank of Japan policymakers were at logger-heads on the amount which they should allow bond yields to fall, as they fret over a worsening global economic outlook and the increasing costs of extended easing, according to a summary of their opinions at December rate review. Some policymakers also cautioned that the achievement of the central …
US President Donald Trump on Wednesday said that he is ready to wait for as long as it takes to get $5 billion from taxpayers for his US-Mexico border wall, a demand that has triggered a partial shutdown of the federal government, which is now on its fifth day of shutdown. Read more here!
As the risks to the global economy increases, the Bank of Japan (BOJ) is expected to tag along in a string of warnings from other policymakers of the threat to growth from protectionism and signal its resolve to keep the money plug open. Read more!
Japan’s exports growth is seen to have eased in November, according to a survey on Friday, indicating a dimming economic outlook in the midst of the easing global demand and a US-China trade dispute. Read more here!
The European Central Bank is still uncertain to formally end its generous bond purchase scheme on Thursday, but will take an increasingly dimmer view on growth. Read more here!
Japan’s core machinery orders increased less than expected in October following an earthquake in the previous month, indicating a more subdued business investment. Read more here!
A Canadian provincial court deciding whether to grant bail to a top executive of Chinese telecoms giant Huawei Technologies. Read more here!
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