News from Around the World
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IMF warns storm clouds are gathering for next financial crisisThe storm clouds of the next global financial crisis are gathering despite the world financial system being unprepared for the next downturn, the deputy head of the International Monetary Fund has warned. David Lipton, the first deputy managing director of the IMF, said that “crisis prevention is incomplete” more than a decade on from the last meltdown in the global banking system. |
Tue, Dec 11, 2018 |
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China Prepares Policy to Increase Access for Foreign CompaniesChina plans to replace an industrial policy savaged by the Trump administration as protectionist with a new program promising greater access for foreign companies, according to people briefed on the matter, in a move to resolve trade tensions with the U.S. |
Wed, Dec 12, 2018 |
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ECB to halt expansion of €2.6tn QE programmeThe European Central Bank has called time on its contentious experiment in bolstering its balance sheet to support the eurozone economy, confirming on Thursday that it will halt the expansion of its €2.6tn bond-buying programme this month. In a widely expected decision on its quantitative easing policy, the governing council said “the net purchases under the asset purchase programme . . . will end in December 2018.” |
Thu, Dec 13, 2018 |
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China’s Economy Slows Sharply, in Challenge for Xi JinpingDONGGUAN, China — China’s consumers and businesses are losing confidence. Car sales have plunged. The housing market is stumbling. Some factories are letting workers off for the big Lunar New Year holiday two months early. |
Fri, Dec 14, 2018 |
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3 takeaways from COP24KATOWICE, Poland — The final plenary session was postponed nine times before negotiators in Katowice, Poland, were finally — exhaustedly — able to assemble on Saturday evening and adopt a Paris Agreement “rulebook.” |
Mon, Dec 17, 2018 |
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The world is fixated on the pastPoliticians have always exploited the past. But just now, rich countries and emerging economies are experiencing an outbreak of nostalgia. Right and left, democracies and autocracies, all are harking back to the glories of yesteryear. Even as President Donald Trump vows to “Make America great again”, President Xi Jinping is using his “Chinese dream” to banish a century of humiliation and return China to its golden age. Mexico’s new president, Andrés Manuel López Obrador, has a mission to withstand global capitalism and restore his country’s economic sovereignty. |
Tue, Dec 18, 2018 |
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Prepare for a synchronised global economic slowdown in 2019It is that time of year when, if you’ve behaved very well and eaten all your Brussels sprouts, elves deliver 2019 macro and markets outlooks to your inbox. Last year, most heralded 2018 as the year of synchronised global growth. The theme did not really pan out, as US expansion far outstripped that of most developed economies thanks to fiscal stimulus. |
Wed, Dec 19, 2018 |
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IDB appoints Brian O'Neill as new executive vice president and COOWASHINGTON — The Inter-American Development Bank has named former U.S. Treasury official Brian O’Neill to serve as executive vice president and chief operating officer. O’Neill was approved by the IDB Board of Directors on Dec. 14 and will begin his new role in January. He has over 40 years of experience in banking in Latin America, most recently as a senior advisor at Lazard, an international financial advisory and asset management firm. He served as acting U.S. director at the IDB for five months in 2008. |
Thu, Dec 20, 2018 |
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Latin America: the year that was and the year to comeThis is the last LatAm Viva of the year — and what a year it has been. From all-change in the Brazilian and Mexican presidential elections, to the IMF’s biggest-ever bailout package in Argentina or Latin America’s worst refugee crisis in Venezuela. The word “tumultuous” hardly does the year justice. What might 2019 hold? Standing at its eve, I’m anticipating: ● More smoke than fire in Brazil as President Jair Bolsonaro struggles to manage Congress and his programme falls short of many investors’ high expectations |
Fri, Dec 21, 2018 |
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EU’s High Trade Surplus With the U.S. Poses Risk to 2018 Tariff TruceBRUSSELS—The European Union narrowly avoided a bruising economic war with the U.S. in 2018 by vowing to rebalance trade. In 2019, the EU faces headwinds to fulfilling its promise and satisfying President Trump’s demands. |
Tue, Jan 1, 2019 |