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OPEC set to hold oil output ceiling again

VIENNA ― The OPEC oil cartel was widely expected on Friday to maintain its collective output ceiling amid lingering worries over the health of global energy demand. Financial markets expect that OPEC will leave its oil output ceiling at 30 … — Thu, 30 May 2013 22:02:40 -0700
A new joint report by the African Development Bank (AfDB) and Global Financial Integrity (GFI), reveals that the African continent has been a long-term net creditor to the rest of the world. … “More than one trillion dollars flowed illicitly out of Africa over the past 30 years, dwarfing capital inflows, and stifling economic development,” noted GFI Chief Economist Dev Kar, who previously served as a senior economist at the IMF. “Curtailing these outflows should be paramount to policymakers … — Thu, 30 May 2013 20:59:25 -0700
The whole point of the modern global economy is Trust. It instantiates the … Government overproduced money and credit in order to finance its colossal deficits and manipulate the economy, prices, demand, and employment levels. As a result … — Thu, 30 May 2013 20:23:00 -0700
Fed moves to unwind quantitative easing is a major risk for emerging economies and global financial markets; He wants to know what the fed will do, how they will do it, and to be “given time to prepare”; “That is one of the most important … — Thu, 30 May 2013 19:19:30 -0700


Why Can't America Be Sweden?

Economists disagree, to put it politely, about what would happen to global economic innovation if the Unites States adopted the liberal social welfare policies of Scandinavian countries. — Wed, 29 May 2013 19:01:34 -0700 … MooPig Financial Trends :: “Global Wealth Inequali… MooPig Financial Trends Department :: “Money Lau. — Wed, 29 May 2013 23:33:00 -0700
The Nigerian economy proved its resilience after the global financial crisis with an estimated real GDP figure of 8.1 per cent in 2010 a large increase from 2009’s figure of 7.0 per cent. GDP is predicted to remain strong with 2012 figures being … — Wed, 29 May 2013 20:08:58 -0700
Christine Lagarde wants her staff at the International Monetary Fund to examine what might happen to the global economy when central banks begin to raise interest rates. She’s wasting their time. If Japan has taught us anything, it’s that … — Wed, 29 May 2013 19:44:08 -0700




The fund trimmed its growth forecast for China this year from 8 per cent to 7.75 per cent due to weaker global demand but said the Chinese economy should remain robust. … “Reining in total social financing and its growth is a priority.” … — Tue, 28 May 2013 21:55:21 -0700
Sovereign Wealth Funds and International Political Economy (Global. financial and political trends in sovereign. of the global economy:. Manda Shemirani, Old Dominion University, USA. Product Details File Size: 784 KB Print Length: 176 … — Tue, 28 May 2013 23:54:49 -0700
Economic and market overview Since the global financial crisis in 2008, investment sentiment has been dominated by fear, with a focus almost exclusively on risk. Accordingly, there has been a flight by investors to any kind of investment … — Tue, 28 May 2013 23:20:00 -0700
Africa’s GDP has increased from US$ 600 billion to US$ 2.2 trillion since the year 2000, he said, and the continent “now offers the highest risk adjusted return on investment… our economic managers are doing a reasonably good job navigating the difficult global economic slowdown”. The AfDB President, together with a large number of … Private Equity invest in Africa infrastructure · Minister of Finance Pravin Gordhan is seen here with the Commissioner of the South African Revenue … — Tue, 28 May 2013 23:07:22 -0700
China goes local in search of growth. The new Chinese premier has been wrestling with China’s economic future since the global financial crisis took its toll, writes Kerry Brown. 29 May 2013. Print this article. Tags: Asia, China, economics, … — Tue, 28 May 2013 22:32:00 -0700
Schäuble is convinced that “Spain has made ​​enormous progress in recent years under the Government of Mariano Rajoy”. So much so that now Spain “has a strong economy, reduced labor costs, has significantly increased its exports and has done a good job in restructuring its banking sector, also after the trial of the Troika”. — Tue, 28 May 2013 22:17:00 -0700
The fund trimmed its growth forecast for China this year from 8 per cent to 7.75 per cent due to weaker global demand but said the Chinese economy should remain robust. … “Reining in total social financing and its growth is a priority.” … — Tue, 28 May 2013 21:55:21 -0700


Global Macro Imbalance

There are always imbalances in global economies. The idea is … The existing global financial crisis that started in 2008 is another example of global macro imbalances that resulted in very large dislocations in the financial markets. This crisis … — Mon, 27 May 2013 23:25:00 -0700
Economic reality finally cracks market fervor. Global stocks stumbled last Thursday in one of the few times the grey economic reality cut through this year’s reverie in financial markets. And that could mark the start of a trend, after Federal … — Mon, 27 May 2013 20:03:00 -0700
Governing Financial Crisis in East Asia. Tuesday, 4 June 2013. world East Asia’s burgeoning importance within the global political economy requires greater understanding of the peculiarities of capitalist systems and their governance within … — Mon, 27 May 2013 19:15:57 -0700

Africa is the growth continent for the 21st century

Five years into the global financial crisis, Africa as a region has shown great resilience, with an average growth rate of over 5 per cent over the last decade. This is in contrast with the advanced economies, most of which are yet to fully recover … — Sun, 26 May 2013 22:01:04 -0700
While the attractiveness of State capitalism is understandable within the context of economic crisis, its multiplication on a global scale has harmful implications. … The growing clout of the emerging economies on the world stage and their resilience to the financial crisis are, however, the drivers of the buzz that has been generated around ‘state capitalism’. China’s state-backed companies have been under increasing criticism for propagating an unsustainable model. [Xinhua Images] … — Sun, 26 May 2013 21:13:41 -0700
The contagion impact on global financial markets is almost certain to be considerable. Watch the global bubble burst. QE on steroids. You cannot have the world’s third largest economy going for a money printing program three times larger per … — Sun, 26 May 2013 19:58:45 -0700
Many things have changed since Bush was President and President Obama will be forging new relationships based on changes in the world economy, terrorism and the usual fight for natural resources at which Africa is always the center. — Sun, 26 May 2013 22:37:42 -0700


The Japanese have lost control of their bond market

(Video) – On May 24, a financial analyst and former head trader at the Royal Bank of Scotland spoke on the Hagmann and Hagmann Report regarding the current state of the global economy. Known in the public sphere under the pseudonym … — Sun, 26 May 2013 00:00:00 -0700


Print this page. Banking & Finance Sign Up for free News Alerts … But longer term the collapse of the world’s third largest economy – if inevitable since its 1990 financial implosion – is not going to benefit most of the rest of the world. It is already exporting deflation this year with the aggressive devaluation of the world’s third largest … Does that not leave the US with an overvalued currency in a global economic downturn? The the Fed will have no alternative but to respond in kind and … — Sat, 25 May 2013 21:04:57 -0700
I don’t mean to be trite, from a global perspective; Japan is not Greece: Japan is the third-largest economy in the world. Its biggest banks are on a par with those of the US. It is a global power in trade and trade finance. Its currency has reserve … — Sat, 25 May 2013 19:58:50 -0700

Hiring isn’t strong, but it sure looks better than it has since the economy tipped into recession a little more than five years ago. “For sure, I thought I would graduate with a … Technology and finance are the hottest sectors. “We hire a ton of people each year,” said Bob Eichenberg, greater Atlanta market human resources leader at PwC, a global auditing, accounting and consulting company with about 1,250 employees here. Experts in finance have been in steady demand, he said. — Sat, 25 May 2013 16:33:25 -0700

The downturn in French private sector output continued in May. Unmoved from April’s reading, the Markit Flash France Composite Output Index, based on around 85% of normal monthly survey replies, posted 44.3. Although remaining above the levels registered in Q1, the latest reading was indicative of a marked rate of contraction in overall activity. — Thu, 23 May 2013 22:36:00 -0700
This is exactly right and a perfect restatement of the classical explanation of the recession we continually refer to as the Global Financial Crisis. The notion that consumers drive 70-plus percent of the economy is just one of the many Keynesian … — Thu, 23 May 2013 21:40:15 -0700
Your dysfunctional global financial system lurched from one disaster to another throughout the century. May we remind you of the obvious: “It’s the ECOLOGY, stupid.” The economy is a mere subset of the mother-lode of ecology and you have … — Thu, 23 May 2013 20:13:42 -0700
Print this page. Banking & Finance Sign Up for free News Alerts … First, just look at the very high index levels in most global stock and bond markets. We are in an economic slump and yet stocks are at record highs. Bond bubble contradiction. Odd then that … The Japanese stock market was up 70 per cent in six months before it took a tumble this week, that’s the whole stock market for the world’s third largest economy. Conversely the yen has devalued by 30 per cent leaving stock … — Thu, 23 May 2013 19:45:11 -0700
France is clearly struggling and Germany’s growth has been slower than many had hoped – due primarily to global economic weakness. …. Sober Look is a no-hype financial blog that typically relies on data analysis and primary sources. — Thu, 23 May 2013 18:21:00 -0700

Nikkei Plunges 7.32%

Mish’s financial blog covers global news and macroeconomic events regarding the world economy. The blog’s primary focus is inflation, deflation, and hyperinflation topics, especially currencies, gold, silver, crude, oil, energy and precious … — Wed, 22 May 2013 23:49:00 -0700
China has worried about the value of its holdings with Western economies struggling in the aftermath of the 2008 global financial crisis and the ongoing euro debt crisis. Thus, China has also launched a policy to internationalize the RMB, … — Thu, 23 May 2013 00:30:13 -0700
… Denmark have distanced themselves from the goal of euro adoption to protect their economies. Iceland, which in 2008 became the first nation to succumb to the global financial crisis, now enjoys faster economic growth than the EU average. — Thu, 23 May 2013 00:17:00 -0700
Starting with the global data, so-called ‘non financial funds’, i.e. subsidies, were affected by more than 80% of the total budget reduction with a 13.9% cut. By comparison, funds dedicated to loans, referred to as ‘financial funds’, mainly … — Thu, 23 May 2013 00:00:07 -0700
A top-level financial insider at a multi-national bank recently explained why he believes the global economy has entered into uncharted territory and is now. — Wed, 22 May 2013 23:49:11 -0700

China’s PMI has show factory activity shrank for the first time in seven months so the global vista looks sour again. For the markets, this has put all sorts of assets in demand since if the economy worsens, central bank largesse will stay in place … — Wed, 22 May 2013 23:48:12 -0700

The real corporate tax puzzle

Personal Finance … In a global economy in which capital and companies could go wherever they wanted, the assumption was that there would be an international “race to the bottom” when it came to corporate tax rates. Governments would … — Tue, 21 May 2013 19:22:00 -0700
In the years leading up to the global financial crisis of 2008, however, these institutions acted more as principals — in effect, they became masters rather than servants of the real economy. As finance became an end unto itself and tipped the … — Tue, 21 May 2013 22:27:47 -0700
If Western society wishes to enlarge the global project – the converse could very well be a dangerous mistake – then the Euro-American and Australiasian economies will have to adapt to the ‘externalities’ of a global marketplace for talent, … — Tue, 21 May 2013 21:56:00 -0700
Global Economy and Development examines the opportunities and challenges presented by globalization, which has become a central concern for policymakers, business executives and civil society, and offers innovative recommendations and solutions in order to materially shape the policy debate. … Financing Metropolitan Governments in Developing Countries. 2013, Roy W. Bahl, Johannes F. Linn and Deborah L. Wetzel … — Tue, 21 May 2013 19:36:32 -0700
Combining that figure with the power of leverage, these hedge funds could decide the world’s financial direction; whether there would be a bull or bear market, and whether a country’s economy would break or thrive. In fact, hedge funds … — Tue, 21 May 2013 19:20:00 -0700

Japan April exports seen up but trade deficit to persist


However, the Ministry of Finance (MOF) data due on Wednesday is also likely to highlight the costs associated with a weak currency, with the country expected to log its 10th straight month of trade deficits in April, as a higher import bill offsets export gains. The median forecast … “But a trade deficit is likely to persist at least this year given elevated costs of imports and a tepid recovery in the global economy due to uncertainty over China’s outlook and weakness in Europe.” Wednesday’s … — Mon, 20 May 2013 19:48:04 -0700
Australian Personal Finance News to Use. Social Stuff: Facebook … Mr Swan said: “Australia punches above its weight in the global economy because we know the key to our success is working smarter, not just harder. “It’s no coincidence that … — Mon, 20 May 2013 19:33:16 -0700