Category Archives: Economy

29Jan/17

Central banks to play second fiddle to Trump

U.S. President Donald Trump will again be centre of attention in the coming week with any policy statements, having helped put the Federal Reserve, Bank of England and other central banks in wait-and-see mode. Ciara Lee reports. Continue reading

23Jan/17

SMEs in developing countries should play in globalization: Jack Ma

Davos, Switzerland – Jan 17, 2017 (CCTV Plus News) – Small and medium enterprises in developing countries should take part in globalization when facing the challenges brought by it, said Alibaba founder Jack Ma.
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23Jan/17
European stock markets

Trump reality rattles markets

European stocks and bond yields tumble and the dollar hits a six-week low after U.S. President Donald Trump began his term in office with a protectionist speech that pushed a nervous market into safe-haven assets. Ciara Lee reports Continue reading

22Jan/17

Trump’s first 100 days: the analysts’ view

As the US moves from a ‘post-truth’ election to post-Trump inauguration, markets ponder an uncertain future for the world economy. Ivor Bennett canvasses analysts on what they expect to emerge from the new president’s first months in office. Continue reading

17Jan/17

Trump Commerce nominee Ross outsourced 2700 jobs

Wilbur Ross, President-elect Donald Trump’s choice to run the Department of Commerce, has a long record of outsourcing American jobs, counter to Trump’s message o protecting US jobs as a candidate. Andy Sullivan reports. Continue reading

16Jan/17

World needs open markets, free trade, not protectionism, says WEF

The world needs global trade, open markets and fair competition, not protectionism, says the World Economic Forum’s Philipp Roesler, a former German economy minister.

SHOWS: DAVOS, SWITZERLAND (JANUARY 16, 2017) (REUTERS) – Global cooperation, open markets and free trade are the key to success in the world’s economy, not protectionism, said the World Economic Forum’s (WEF) board member Philipp Roesler on Monday (January 17).

Speaking to Reuters Television ahead of the official opening of the annual meeting in Davos, Roesler, a former German economy minister, said “we do see a trend towards more protectionism.”

“From our point of view we need a strong stance in terms of global trade, open markets, free trade and fair competition.”

“The solution cannot be that politicians are focusing more and more on a national level, because then, the globalisation of the business will be out of any control or regulation.”

Roesler said “the best way is global cooperation, … the purpose of this year’s annual meeting.”

His remarks came shortly before German Finance Minister Wolfgang Schaeuble issued a warning to U.S. President-elect Donald Trump over the dangers of protectionist trade policies.

Asked whether the WEF’s importance was shrinking due to the absence of German Chancellor Angela Merkel, French President Francois Hollande and Canadian Prime Minister Justin Trudeau, Roesler said “for the first time we have the Chinese president here at the World Economic Forum and this at a time when in the United States and many other countries the focus is more domestic.”

“We understand this as a great signal to have the Chinese president here to discuss the world economy and the necessity for a world economy.”

The WEF’s annual meeting begins on Tuesday, Jan. 17, with Chinese President Xi Jinping speaking in the morning.

16Jan/17

Sterling skids to three-month low as “hard Brexit” fears bite

Sterling skids to its lowest levels – bar a “flash crash” in October – in 32 years on Monday, hit by fears that Prime Minister Theresa May will say on Tuesday that Britain is set for a “hard” Brexit out of the EU and its single market.

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