British Prime Minister Theresa May is in Tokyo this week, actively attempting to assuage fears that Japanese business leaders have on the possible impact of Brexit on their U.K. businesses. But corporate owners don’t necessarily care about the bilateral terms between Japan and Great Britain. Instead, they really want a liberal global trading environment. And […]
Read moreCurrency, United States Finance
France’s Macron could be about to face his defining moment amid fierce protest and plummeting support
The French government is to unveil final details of proposed labor reforms Thursday in what is seen as a key plank of President Emmanuel Macron‘s political and economic strategy for the next five years but also a highly contentious issue inside the country. The recently-elected president wants to make the labor market more flexible to […]
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COUNTRIES find it easier to get rich once their neighbours already are. East Asia’s growth pattern has for decades been likened to a skein of geese, from Japan at the vanguard to laggards such as Myanmar at the rear. The same pattern can often be seen within big countries: over the past decade, for example, […]
Read moreChina’s stronghold as the leading BRICS economy could be up for contention by the end of the next decade, according to a new report which suggests that India is set to see a surge in innovation. India’s innovation growth rate is expected to rise significantly over the next 15 years, placing it ahead of Russia […]
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It's time to 'really start negotiating,' says European Parliament chief for Brexit
U.K. and EU diplomats are locked in the third round of talks this week in Brussels, but real negotiations have yet to begin, the European Parliament chief for Brexit warned in an exclusive interview with CNBC. “Let’s be honest, I think it’s maybe the first round of negotiations,” Guy Verhofstadt, who represents the European Parliament […]
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Donald Trump went to the Texas coast on August 29th to see for himself the disaster-relief effort in response to Hurricane Harvey. But few other people are able to travel there. The storm has brought record-breaking rains and devastating floods to the Houston area, killing at least 30 people so far (the toll is expected […]
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THE yield on the ten-year Treasury bond fell to 2.13% on August 28th, after North Korea fired a missile over Japanese territory. Investors tend to buy government bonds when they feel risk-averse. That will have come as a surprise to those commentators who have called the bond market a “bubble” that is sure to burst; […]
Read moreRussia’s central bank stepped in to launch one of the largest bank rescues in the country’s history, stoking fears of a possible systemic crisis in its banking sector. The Central Bank of Russia (CBR) said late Tuesday it planned to rescue Otkritie, the country’s seventh-largest bank by assets according to Interfax data, amid concerns about […]
Read moreThe U.S. economy grew faster than initially thought in the second quarter, notching its quickest pace in more than two years, and there are signs that the momentum was sustained at the start of the third quarter. Gross domestic product increased at a 3.0 percent annual rate in the April-June period, the Commerce Department said […]
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Portugal could be back in crisis in 10 years’ time, investment manager says
Though Portugal seems out of the woods with a projected growth rate of 2.5 percent this year, according to the International Monetary Fund, consumer and business habits might jeopardize the economy in the future. “My fear is more on the change of habits,” Diogo Teixeira, CEO of Optimize Investment Partners, told CNBC. “We’ve seen in […]
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