It is wrong to call the Export-Import Bank a subsidy for US business, says the chief economist for the National Association of Manufacturers.» Read More
Greece’s international lenders once again failed to reach an agreement on how to bring down its debt levels, delaying the release of vital aid to Athens and pushing the euro lower. Yet all is not lost for Greece and the single currency, analysts told CNBC.
The euro, which hit a two-month low against the dollar on Tuesday as hopes that Greece would receive essential aid soon, faces further losses as concern about Greece’s future grow, currency analysts warn.
The yen gets a break and oil prices take down the loonie — it's time for your FX Fix.
Will they or won’t they? That’s the big question markets have been asking about Spain for the past few weeks—whether the country will ask for a credit line from Europe’s rescue fund and trigger a bond-buying program by the European Central Bank (ECB).
Malaysia, which refused bailout from the International Monetary Fund (IMF) during the Asian financial crisis, says Greece should be given more time to implement reforms and clean up its finances, otherwise an overly-stringent austerity drive could push the country into a prolonged recession and make recovery even more unlikely.
After passing on interest rate cuts in the last two months despite mounting evidence of a deteriorating economy, the Bank of Korea (BoK) will likely move to ease monetary policy when it meets on Thursday, to bolster an economy that’s expected to grow at the slowest pace since 2009.
Lee Boon Keng , Head of Investment Solutions Group at Julius Baer, says despite the weak global growth forecasts by the World Bank and the IMF, a key positive for investors is the improving U.S. economy.
Frederic Neumann, MD & Co-Head of Asian Economics Research, HSBC thinks the euro zone crisis and the China-Japan dispute may dominate the discussion at the IMF & World Bank meetings in Tokyo.
Bert Hofman, Chief Economist, East Asia & Pacific at the World Bank said he expects the Chinese economy to grow 8.1% in 2013, boosted by the mainland's policy easing earlier this year and a rebound in global trade.
Geoff Lewis, Global Market Strategist at J.P. Morgan Asset Management, says the World Bank's forecast that the Chinese economy will grow at 7.7 percent this year suggests it is in the process of bottoming out.
As trade tensions between the U.S and China heat up, with both countries filing complaints to the World Trade Organization (WTO) on Monday, experts say the grumbling is no more than posturing in a politically important year for Beijing and Washington and should fizzle out eventually.
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As markets eagerly await a decision from the European Central Bank (ECB), which holds its policy meeting on Thursday, Robert Zoellick, former president of the World Bank warns that monetary easing will do little to solve the region’s debt crisis.
Beschloss is president and CEO of The Rock Creek Group, which provides investment and advisory services to large investors and utilizes customized hedge fund and emerging market portfolios.
The global economy is still unbalanced five years after the onset to the financial crisis, says Stephen Cecchetti, BIS head of monetary & economic department, with an update from the Bank of International Settlement's annual report.
Earlier this week ratings agency Standard & Poor’s said India could be the first BRIC economy to lose its investment grade status, which was followed a day later by data showing factory output had nearly stalled in April. While India’s recent dismal economic performance has had investors looking for exits, several experts tell CNBC things are not as bad as the headlines suggest.
Hans Timmer, Director, Economic Prospects Group at the World Bank says that China is undertaking fundamentals changes and taking steps for the yuan to ultimately become a reserve currency.
Hans Timmer, Director, Economics Prospects Group, World Bank says developing countries will be vulnerable if there's another global financial crisis because their financial positions are now as strong as they were in 2007.
After three years of monetary easing and unconventional policies to revive their economies from a slump, the Fed and the European Central Bank are now shifting the onus to politicians, urging them to fulfill their responsibilities.
Is the global economy at risk, and how can we avoid a financial tsunami? Robert Zoellick, World Bank president, shares his opinions.