Economy News
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By AFP
Islamabad -
Pakistan's finance minister Asad Umar has stepped down, he announced Thursday, with no replacement yet named as Islamabad seeks a crucial bailout deal with the International Monetary Fund.
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By AFP
Bejing -
China said Thursday there is "still much work to finish" on the text of a trade agreement with the United States.
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By AFP
Seoul -
South Korean president Moon Jae-in meets ethnic Koreans in Central Asia this week as he looks to capitalise on the enduring legacy of Joseph Stalin's mass deportations more than 80 years ago.
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By AFP
Madrid -
A no-deal Brexit would deal a severe blow to the economy of Britain's Falkland Islands which is heavily dependent on squid exports -- and to Galicia in Spain where almost all of the molluscs are sent.
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By AFP
Bejing -
American firms in China remain frustrated and are growing more pessimistic about their prospects in the country, a top business lobby said Wednesday, while a trade war between Washington and Beijing continues to fester.
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By AFP
Mumbai -
India's Jet Airways was teetering on the brink of collapse Wednesday, operating just five planes and waiting for lenders to release emergency funds to keep the debt-saddled carrier flying.
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By AFP
Berlin -
Berlin is set to further lower its economic growth forecast Wednesday as Europe's largest economy cools off, but ministers are unlikely to bend to foreign demands to boost activity with extra government spending.
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By AFP
Mumbai -
India's tycoons are playing a pivotal role in the Asian giant's most expensive election ever, from funding campaigns and tacit endorsements to being hot-button issues themselves.
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By AFP
Jakarta -
Indonesia has become the latest election battleground for Beijing's soaring economic clout, as the opposition warns pro-China policies are saddling the mineral-rich archipelago with bad debt as it is sold off piecemeal to foreign interests.
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By AFP
Washington -
Government respect for the independence of central banks has served them well in their mission, International Monetary Fund chief Christine Lagarde said Saturday.
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By AFP
Washington -
Trade frictions are seen as a the main source of uncertainty for a slowing global economy, but there are more glimmers of hope for a US-China agreement.
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By AFP
Washington -
The United States is working with a group of countries to build a $10 billion fund to help Venezuela rebuild trade once a new government is in place, Treasury Secretary Steven Mnuchin said Saturday.
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By AFP
Washington -
Colombia will receive a $31.5 million grant to help deal with the flood of refugees from neighboring Venezuela, the World Bank announced Friday.Colombia has received about a third of 3.
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By AFP
Washington -
Recovering from its "economic implosion" will take Venezuela "a decade or decades," a top International Monetary Fund official told AFP on Friday.
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By AFP
Washington -
Recovering from its "economic implosion" will take Venezuela "a decade or decades," a top International Monetary Fund official told AFP on Friday.
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A new report by Canada's Department of Fisheries and Oceans says warming sea temperatures off Nova Scotia have led to declines in northern shrimp and snow crab.
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By AFP
Washington -
European economic power Germany is coming under increasing pressure to boost spending to accelerate economic growth, as its massive surpluses create growing friction with other countries.
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By AFP
Washington -
Widening differences over economic policy among euro area countries are "unsustainable" and could undermine the currency union itself, French Finance Minister Bruno Le Maire said Friday.
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By AFP
Dubrovnik -
Chinese Premier Li Keqiang will meet leaders from eastern and central Europe in Croatia on Friday to talk business, fresh from a key summit with EU where he pledged opening up his country's economy.
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By AFP
Washington -
US Treasury Secretary Steven Mnuchin said Thursday that a group of countries are discussing plans to provide financial support to Venezuela, amid the country's economic collapse.
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By AFP
Washington -
Increased lending by China to developing nations is increasingly under the spotlight amid concerns that growing debt burdens and onerous conditions could sow the seeds of a crisis.
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By AFP
Washington -
Argentina's economic reform program is beginning to show results, so it would "foolish" for presidential candidates to abandon the program, International Monetary Fund chief Christine Lagarde said Thursday.
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By AFP
Washington -
World governments are working on recognizing a Venezuelan government, a key step before international aid can flow into the crisis-stricken country, IMF chief Christine Lagarde said Thursday.
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By AFP
Washington -
The International Monetary Fund will not have any contact with Venezuela, nor allow the country to access its reserves held by the institution, until the international community recognizes a government in Caracas, an IMF spokesman said Wednesday.
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By AFP
Washington -
The International Monetary Fund will not have any contact with Venezuela, nor allow the country to access its reserves held by the institution, until the international community recognizes a government in Caracas, an IMF spokesman said Wednesday.
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By AFP
Havana -
Communist-run Cuba enacted new constitution Wednesday that recognizes the role of the free market in the country's future while championing socialism as Havana faces increasing US pressure.
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By AFP
Washington -
Rising corporate and government debt levels and the sharp increase in more risky lending could leave the global economy vulnerable to another severe downturn, the International Monetary Fund warned Wednesday.
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By AFP
Milan -
Italy's populist government on Tuesday defiantly raised its 2019 budget deficit forecast to 2.4 percent of GDP, incurring the risk of a new row with the EU over fiscal discipline.
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By AFP
Washington -
Newly-installed World Bank President David Malpass spent his first day at the global lender Tuesday hammering home the message that the most urgent issue facing the bank is addressing global poverty.
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By AFP
Washington -
The International Monetary Fund on Tuesday cut its US growth forecast significantly for 2019 but said the United States is still likely to outpace other advanced nations as the world economy slows.
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Economy Image
Reinhart, Schoenholtz, Coronado at the Economic Outlook Forum at NYU Stern on September 3, 2014
Canberra: Bus Depot Markets. Stephan Ridgway
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Berlin: "We are the Champions"
millenials by the numbers From http://blog.k12.com/
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"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
Backus, Schoenholtz, Coronado, and Reinhart at the Economic Outlook Forum at NYU Stern on September 3, 2014
The economic divide in Cabbagetown.
Sen. Hatch, left, enjoys some Ogden chili. Hatch DC office
Coronado, Schoenholtz, Reinhart, and Backus at the Economic Outlook Forum at NYU Stern on September 3, 2014
Shoppers entering a Loblaws store. Digital Journal
UK: HM Treasury entrance HM Treasury
Eurozone is lost in translation as EU collapses
President Obama delivers his State of the Union address at the U.S. Capitol, D.C. Lawrence Jackson / White House
Geithner to leave in consideration of family.
Fred Olsen Windcarrier's Brave Term jack-up vessel was used in the construction of the Block Island Wind Farm. Fred Olsen Windcarrier
The French Stock Market (La Bourse) in Paris Sebche on Flick'r
Occupy London: The piazza of St Paul’s Cathedral Eman Jueid / Aslan Media
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