POLITICAL ECONOMY

News About The Global Economy

1,238 articles

EU defends 'free roaming' pledge despite 90-day limit
Sep 07, 2016 (AFP)
The EU insisted Wednesday it had not scrapped its popular pledge to end roaming charges for mobile phone users despite unveiling a proposal to limit the measure...
China's forex reserves fall $16 bn in August
Sep 07, 2016 (AFP)
China's foreign exchange reserves fell by some $16 billion dollars in August, officials said Wednesday, as the country's central bank sold dollars to defend its...
G20 treads lightly on 'globalisation' taboo
Sep 05, 2016 (AFP)
Facing populist ire at home, leaders at the G20 summit have tried to walk a fine line: acknowledge anti-globalisation anger while arguing that ever more liberal...
China's Xi warns against 'empty talk' as G20 summit opens
Sep 04, 2016 (AFP)
Leaders of the world's biggest powers met Sunday to try to revive the sluggish world economy, with their host Chinese President Xi Jinping urging them to avoid ...
China manufacturing index highest in nearly 2 years: govt
Sep 01, 2016 (AFP)
An official measure of manufacturing activity in China rebounded to its strongest level in nearly two years last month on improving production and demand, the g...
Apple case highlights huge untaxed profits of corporate giants
Sep 01, 2016 (AFP)
The huge back-tax bill European authorities slapped on Apple has put a spotlight on $2.4 trillion in untaxed earnings parked offshore by US companies, a temptin...
China new home price increase picks up in August
Sep 01, 2016 (AFP)
Increases in new home prices in China picked up in August from a month ago, a survey showed Thursday, raising worries of further rises in major cities. The aver...
China puts on best face for G20 summit
Sep 01, 2016 (AFP)
When China signed up to host this week's G20 summit two years ago, it seemed like an ideal venue to showcase its financial accomplishments and assume the mantle...
G20 to go long on rhetoric, short on economic policy: experts
Aug 31, 2016 (AFP)
G20 leaders will meet in China this weekend in a climate of economic uncertainty and sluggish global growth -- but the absence of an urgent crisis means the for...
All four big Chinese banks report rising bad loans
Aug 30, 2016 (AFP)
All of China's "Big Four" state-owned banks reported mounting bad loans in the first half of the year, statements showed, as the world's second-largest economy ...
Aluminium giant Rusal reports 70% net profit plunge
Aug 25, 2016 (AFP)
Russian aluminium giant Rusal said Thursday net profit fell 70 percent in the first half of 2016, as weaknesses in global commodities markets keeps prices depre...
IMF warns on China's mid-term economic stability
Aug 12, 2016 (AFP)
China must take "urgent" action to reform its economy or risk "permanently lower growth", the International Monetary Fund said in a report Friday, citing mounti...
China retail sales growth slows in July, misses expectations
Aug 12, 2016 (AFP)
China's retail sales growth slowed sharply in July, government statistics showed Friday, missing expectations in a disappointing sign for the world's second-lar...
China's trade performance disappoints in July
Aug 08, 2016 (AFP)
China's economy, the world's second largest, struggled in July with a worse-than-expected trade performance as imports plunged 12.5 percent year-on-year, Custom...
HSBC profits plunge as Brexit uncertainty bites
Aug 03, 2016 (AFP)
HSBC posted Wednesday tumbling second-quarter net profit on volatile markets and China's slowdown, warning it faced "a period of heightened uncertainty" after B...
Japan approves huge stimulus for sluggish economy
Aug 02, 2016 (AFP)
Japan's cabinet Tuesday approved a mammoth 28-trillion yen ($273 billion) package in its latest attempt to stimulate lacklustre growth, including cash to improv...
China new home prices rise faster in July
Aug 01, 2016 (AFP)
Price rises for new homes in China accelerated in July from the previous month, a survey showed Monday, with some buyers possibly prompted by moves in some citi...
Brexit is risk to global growth, says G20
Jul 24, 2016 (AFP)
Britain's vote to leave the European Union heightens risks for the world economy, finance chiefs from the G20 group of leading countries said Sunday, vowing to ...
Bank hacks raise fears for financial sector
Jul 24, 2016 (AFP)
A series of spectacular cyber attacks against banks, resulting in the theft of tens of millions of dollars, has heightened fears for an industry becoming an inc...
US warns against devaluation ahead of G20 finance meeting
Jul 21, 2016 (AFP)
US Treasury Secretary Jacob Lew on Thursday said top economies should refrain from competitive currency devaluations -- a message likely directed at China, whic...
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