POLITICAL ECONOMY

News About The Global Economy

1,238 articles

China gold reserves up more than 19 tonnes in July: Xinhua
Aug 15, 2015 (AFP)
China's gold reserves rose by more than 19 tonnes in July, the official Xinhua news agency said Saturday, after the central bank last month gave the statistic f...
IMF warns of 'disorderly correction' if China reform slows
Aug 15, 2015 (AFP)
The IMF warned Friday that China, the world's second-largest economy, could face a "disorderly correction" followed by slower growth if its reform program slows...
George Soros sells off most of his Alibaba stocks
Aug 15, 2015 (AFP)
American billionaire George Soros's fund has sold most of its stake in the Chinese e-commerce giant Alibaba, according to regulatory filings Friday. In its quar...
China weakens yuan for third day but reassures markets
Aug 13, 2015 (AFP)
China weakened its currency for the third consecutive day Thursday, but financial markets that had been shaken by the surprise devaluation took heart as authori...
China's yuan devaluation: What is it worth?
Aug 12, 2015 (AFP)
China cut the value of its yuan currency against the US dollar for the second day in a row Wednesday, taking the reductions to 3.5 percent this week -- the larg...
China devalues yuan nearly 2% for economic boost
Aug 11, 2015 (AFP)
China's central bank on Tuesday devalued its yuan currency by nearly two percent against the US dollar, as authorities seek to push market reforms and bolster t...
EU says Greek debt talks reach technical, not political, agreement
Aug 11, 2015 (AFP)
The European Commission said Tuesday that Greece has reached a technical agreement "in principle" with its international creditors on a third debt bailout which...
Chinese dragon losing its shine for foreign firms
Aug 09, 2015 (AFP)
The once irresistible allure of the Chinese market to foreign multinationals is losing some of its lustre as slowing growth in the world's second-largest econom...
Mobile makeover for Britain's scandal-hit banks
Aug 09, 2015 (AFP)
With reputations tarnished by the financial crisis and a string of scandals, Britain's top banks are trying to adapt and move ahead by embracing mobile technolo...
China manufacturing index hits two-year low: survey
Aug 03, 2015 (AFP)
A key gauge of Chinese manufacturing activity plunged to a two-year low in July, an independent survey showed Monday, the latest data suggesting the world's sec...
HSBC profits fall 3.8% in Q2, Brazil sell-off agreed
Aug 03, 2015 (AFP)
HSBC announced Monday that net profit fell 3.8 percent in the three months to June, as the company agreed to sell its Brazilian business for $5.2 billion to Bra...
In art auctions, US outbidding China: Artprice
Aug 02, 2015 (AFP)
Boosted by record-breaking New York sales of a Picasso painting and a Giacometti sculpture, the United States has become the world's leader in public art auctio...
China new home prices up in July: survey
Jul 31, 2015 (AFP)
China's new home prices increased in July for the third straight month, a survey showed Friday, as the market continued to recover on the back of government pol...
Pollution not contagion: eurozone debt market survives Greek crisis
Jul 26, 2015 (AFP)
The latest aggravation in the Greek crisis has strained nerves on the eurozone debt market, but unlike four years ago there has been no contagion across the sin...
China manufacturing hits 15-month low: survey
Jul 24, 2015 (AFP)
A key gauge of Chinese manufacturing activity tumbled to a 15-month low in July, an independent survey showed, throwing a pall over growth in the world's second...
China bets on North Korea in gamble to save rustbelt
Jul 22, 2015 (AFP)
At China's very farthest limits, a town sandwiched between North Korea and Russia stands at the heart of Beijing's plan to revitalise its bleak, frigid northeas...
United Technologies hit by Chinese building stall
Jul 21, 2015 (AFP)
Industrial giant United Technologies slashed its 2015 earnings forecast Tuesday due to the sharp slowdown in China's real estate sector and disappointing aviati...
China says gold stash rose almost 60% in six years
Jul 20, 2015 (AFP)
China's official gold reserves rose by almost 60 percent over the past six years, according to the first official data on the subject since 2009. The central Pe...
US bank profits withstand trading hit from China, Greece
Jul 18, 2015 (AFP)
Large US banks reported mostly higher second-quarter earnings this week even as a pullback in trading revenues due to crises in Greece and China dented results....
ADB trims China, developing Asia growth forecasts
Jul 16, 2015 (AFP)
The Asian Development Bank Thursday trimmed its growth forecasts for China and developing Asia this year and next owing to weakness the world's number two econo...
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