Economy
World Economy
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Twelve new investment deals with Russia, including six with France, have so far been announced at this year's St. Petersburg International Economic Forum. » Read More
By: Silvia Amaro
A global economic upswing helped the value of assets at central banks, sovereign funds and public pension funds hit $38.7 trillion in 2017, according to new research by London-based think tank OMFIF. » Read More |
Malaysia's Prime Minister Mahathir Mohamad said on Wednesday that the new government will look to cut down the country's debt which amounts to 1 trillion ringgit, by aborting or reviewing some projects and cutting salaries of cabinet ministers. » Read More |
By: Holly Ellyatt
Russia's second-largest bank has said it has restrained lending to Russian billionaire Oleg Deripaska on the back of the U.S. sanctions against the oligarch. » Read More |
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An anonymous benefactor opened a fund in 1928 with the aim of paying off national debt.
Russia is preparing to welcome leaders and executives from the world of business and economics but this year's St Petersburg International Economic Forum (SPIEF) comes at a time when its international relations are more unstable than ever.
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"The right sort of peace deal could weaken the U.S. alliance with South Korea, reduce the threat of conflict and refugee flows on Chinese borders, and ultimately lead to the withdrawal of American troops from South Korea," said one expert.
Embattled former Malaysian Prime Minister Najib Razak arrived at the headquarters of Malaysia's anti-corruption commission on Tuesday, which has ordered him to explain a suspicious transfer of $10.6 million into his bank account.
President Donald Trump's administration should focus on pushing for structural changes in China rather than on the massive trade imbalance between the world's two largest economies, a former U.S. government official said Monday.
America's strengthening domestic demand will push trade deficits to new highs ahead. That will aggravate trade disputes with Canada, Mexico, the European Union and China — that account for 75 percent of the U.S. trade gap, Michael Ivanovitch writes.
Mayflower Advisors' Larry Glazer warns a "new paradigm" is coming to Wall Street.
- Treasury Secretary Mnuchin declares US-China trade war 'on hold' as both sides work toward agreement
The United States and China have agreed to drop their tariff threats on billions of dollars worth of each country's goods while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday.
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China and the U.S. have mutually agreed to "substantially reduce" the yawning trade imbalance between the two countries.
India and the EU have given the WTO lists of the U.S. products that could incur high tariffs in retaliation for the U.S. global tariffs on steel and aluminum.
As oil proves resilient around 2014 highs, experts warn that a sustained uptick in energy prices could upset the fundamental growth story that has supported market sentiment in Asia.
German Economy Minister Peter Altmaier said Europe would respond firmly to U.S. attempts to place its own economic interests before those of partners.
"Diplomatic ties with Singapore may not be as warm as they were under Najib but will only become strained if Mahathir cancels the rail link," said Peter Mumford of Eurasia Group.
"This is not about economics. It's about politics and geopolitics," said Pushan Dutt.
China said on Friday it was dropping an anti-dumping probe into imports of U.S. sorghum, a conciliatory gesture as top officials meet in Washington in an effort to head off a trade war.
It will be "very challenging" for the U.S. and China to come to an agreement about trade this week, in part because the Trump administration has been "unclear on what it really wants," a strategist said Friday.
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