German, Chinese Major Stock Exchanges Create Joint Venture
October 29, 2015 at 04:31 PM
Germany’s biggest exchange operator Deutsche Borse Group announced on Thursday that it has established a joint venture together with the Shanghai Stock Exchange (SSE) and the China Financial Futures Exchange (CFFEX). Read More »
Global crisis likely within next 5 years
October 28, 2015 at 01:25 PM
The world hasn’t fully recovered from the problems of 2008 which means another crisis is possible, says Director-General of the China Banking Regulatory Commission Min Liao. Read More »
Saudi Arabia could be bankrupt by 2020
October 26, 2015 at 02:31 PM
The Middle East’s biggest economy, Saudi Arabia may run out of financial assets within the next five years if the government maintains its current policies, warns the International Monetary Fund. Read More »
Top 500 US companies keep $2.1 trillion where tax collectors can’t get it
October 07, 2015 at 04:22 PM
The top 500 US companies retained $620 billion that would have otherwise been taxed and spent by the government by using overseas bank accounts, according to a report from Citizens for Tax Justice and the US Public Interest Research Group Education Fund. Read More »
What is the Trans-Pacific Partnership and why you should care
October 06, 2015 at 04:41 PM
A dozen Pacific Rim nations reportedly reached an agreement on the Trans-Pacific Partnership, the secretive, US-orchestrated pact that seeks common standards among its members. Opponents say the deal is more about consolidation of power than "fair trade." Read More »
World Bank sharply downgrades Ukraine's GDP forecast
October 05, 2015 at 08:12 PM
Ukraine’s economy will contract 12 percent in 2015, according to the World Bank. This is an acute drop from similar estimates in April, when the Ukrainian GDP was predicted to fall 7.5 percent. Read More »
Global poor to rise as World Bank adjusts poverty line
September 25, 2015 at 07:01 PM
The World Bank has dramatically revised its definition of poverty for the first time in 25 years, the Financial Times reports. Anyone earning less than $1.90 a day will be classified as poor, which will greatly increase the number living in poverty. Read More »
