China denies report it could halt US bond purchases

China denied on Thursday a report that it may slow or cease its purchases of US Treasury bonds, calling it a possible case of “fake news” after the dollar tumbled following the story. Bloomberg News reported Wednesday that officials reviewing China’s foreign-exchange holdings had recommended slowing or halting purchases of US Treasuries, citing people familiar with… Please follow and like us:

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Global economy faces two challenges

The world economy’s performance in 2017 was significantly better than the previous year. According to the World Bank forecast, global economic growth is likely to reach 3.6 percent in 2017, as the economies of the European Union, the United States and Japan all showed clear signs of improvement in the third quarter with a growth rate… Please follow and like us:

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‘Trump effect’ jams up APEC free trade consensus

Asia-Pacific ministers struggled Thursday to agree on a joint statement on free trade, a rare tussle over a normally routine document that highlights how Donald Trump’s protectionist “America First” stance is knotting up global trade relations. World leaders are gathering in the Vietnamese city of Danang this week for the annual Asia Pacific Economic Cooperation (APEC)… Please follow and like us:

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IBM Announces Major Blockchain Solution to Speed Global Payments

Solution Powered by IBM Blockchain in Partnership with Stellar.org and KlickEx GroupCollaboration with Banking Leaders to Accelerate Financial Exchange and Settlement Across Currency Corridors TORONTO, Oct. 16, 2017 /CNW/ — SIBOS: IBM (NYSE: IBM) today announced a new blockchain banking solution that will help financial institutions address the processes of universal cross-border payments, designed to reduce… Please follow and like us:

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IMF raises global growth forecasts, calls for reforms

The International Monetary Fund on Tuesday bumped up its global growth forecasts, saying an upswing in the world economy would likely gather pace into next year. But the global crisis lender called on governments to strike while the iron was hot, saying dangers for the current recovery lurked on the horizon and ambitious reforms were necessary… Please follow and like us:

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Global trade rebound boosts growth in Asia, Pacific: ADB report

MANILA — Economic growth prospects in developing Asia for the rest of 2017 and 2018 are looking up, bolstered by the revival of world trade and strong momentum in China, the Asian Development Bank (ADB) said in an updated report released Tuesday. In an updated Asian Development Outlook (ADO) 2017, the Manila-based bank predicted the region… Please follow and like us:

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World Bank warns technology, trade changes disrupt manufacturing-led development

WASHINGTON – The World Bank on Wednesday warned that technology advances and changes in trade are disrupting opportunities for low-income developing countries that intend to develop manufacturing as a way of getting out of poverty and promoting prosperity. “Changing technologies and shifting globalization patterns call the feasibility of manufacturing-led development strategies into question,” the Washington-based institution… Please follow and like us:

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Blockchain, Big Data And The Value Of Global Trade

Most data turns out to have a greater value than the sum of the parts. There’s a story about a global courier firm that said it saw a large drop off in its monthly orders at some point in 2007, not too long before the bottom fell out of the global economy. Traditional economic forecasting did… Please follow and like us:

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Top News Before the Market Opens

Top News Before the Market Opens Fiat Chrysler soars on Chinese interest. Representatives of a well-known Chinese automaker made at least one offer this month to buy Fiat Chrysler Automobiles at a small premium over its market value, Automotive News has learned. The offer was rejected for not being enough, a source said. Meanwhile, other sources… Please follow and like us:

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The Myth Behind Donald Trump’s Influence On Stocks

Earlier in the year, you may have seen a headline at some point pertaining to the so called “ Trump Rally” for the US and global stock market. Post election and through early 2017, there was this narrative that Trump had ignited a stock rally in anticipation of tax cuts, infrastructure spending, and deregulation. In early… Please follow and like us:

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UN Economic Commission Sees Trade Protectionism as Threat to Growth

A United Nations economic and social report released Monday warns Asia’s positive economic outlook “faces significant risk” from rising trade protectionism, especially concerns over U.S. trade policy with key partners such as China. The U.N.’s Economic and Social Commission for Asia and the Pacific (UNESCAP) survey is largely positive for the region, which now accounts for… Please follow and like us:

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Global share markets suffer a Trump slump

The week started with a bit of a Trump slump on the stock markets. Nervous investors sold shares because of uncertainty about the effects of the immigration curbs introduced by the new US president. London, Frankfurt and Paris all lost around one percent on Monday as the travel ban increased concerns about the impact of his… Please follow and like us:

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