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Incoming ECB head warns of consequences from US-China trade war and urges President Trump not to push for lower interest rates
WASHINGTON (Reuters) - Somalia will press ahead with poverty reduction efforts and a major regional ports and corridors initiative if international creditors forgive the country's $5 billion debt this February, as expected, the country's finance minister said on Sunday.
WASHINGTON: Brexit won’t have a big impact on the European or global economies, former Bank of England governor Mervyn King (pic) said, offering a counterpoint to persistent concerns by global policy makers that the move could further dent already-weakening growth.
KUALA LUMPUR: A major push for structural reform in an economy requires strong ownership by all stakeholders of the reform agenda as well as enhanced dialogue between the government with business and civil society, says the International Monetary Fund.
WASHINGTON: The world’s most powerful policymakers are struggling to alleviate the pain of a slowing global economy with few levers left to pull and growing concern that one of them, negative interest rates, already is creating problems of its own.
BEIRUT (Reuters) - Lebanese Prime Minister Saad al-Hariri agreed on Sunday a package of reforms with government partners to ease an economic crisis that has sparked protests aimed at ousting a ruling elite seen as riddled with corruption and cronyism.
SEOUL: South Korea's finance minister said economic growth this year is expected to be around 2.0-2.1%, in line with projections by key international organisations but missing the ministry's target set in early July.
ECONOMIC reforms are often painful in the short term and hence unpopular, but does that mean reform-minded leaders always pay a price at the ballot box?
WASHINGTON: Group of 20 finance leaders on Friday agreed to set strict regulations on cryptocurrencies such as Facebook's Libra, warning that issuance of such "stablecoins" should not be allowed until various global risks they pose are addressed.
BEIRUT (Reuters) - Lebanon is closer to a financial crisis than at any time since at least the war-torn 1980s as allies, investors and this week nationwide protests pile pressure on the government to tackle a corrupt system and enact long-promised reforms.