Austerity versus growth version 3.0 at G20/IMF
World policymakers gather in Washington later this week to ponder how to sustain economic recovery at a time when the United States is about to turn off its money taps.
Sovereign wealth funds
Saudi Arabia Tops Sovereign Wealth Spending League, Snatches the Spot From Singapore
Saudi Arabia's Public Investment Fund (PIF) has emerged as the world's most active sovereign investor in 2023, with deals worth billions of dollars.
IMF, World Bank Approve Historic $4.5 Billion Debt Relief for Somalia
The International Monetary Fund (IMF) and World Bank have approved $4.5 billion in debt forgiveness for Somalia...
Sebi upgrading surveillance for CommExes
India's securities market regulator Sebi is upgrading and strengthening its surveillance system on commodity exchanges (CommExes). Recently, Sebi has barred 16 commodity trading members from trading f..
BC Clean-tech alliance seeks $500-mln fund from Trudeau
B.C. clean-tech companies have requested Prime Minister Justin Trudeau to allocate a $500 million venture capital (VC) fund. An alliance comprising 51 clean-tech and investment firms from B.C. provinc..
Latest News
Chinese premier to attend Europe summit, sign Russia rail deal
Chinese Premier Li Keqiang will attend a summit of European and Asian leaders on a trip starting next week that will also include a visit to Germany and the signing of energy and high-speed rail deals
No relief ahead for the battered Canadian dollar: Reuters poll
The coming year is unlikely to bring any relief to the weakening Canadian dollar as the Bank of Canada's neutral stance prompted analysts in a Reuters poll to renew their pessimistic forecasts for the
Russia warns Ukraine, EU over free-trade pact
Russia issued a new warning on Monday that it would retaliate if the European Union or Ukraine push ahead with moves to implement a free-trade agreement.
China lets foreign institutions invest more in its markets in third quarter
China boosted the quotas it gives foreign institutions to invest in domestic securities by the largest amount in the third quarter since the final quarter of 2012 and regulators may also raise the lim
Wall St. ends sharply lower, S&P below key support level
U.S. stocks ended with sharp losses on Thursday, with the S&P 500 suffering its biggest one-day decline since July, as Apple tumbled and the dollar rose to a four-year high.
Euro falls to 22-month low versus dollar on diverging rate outlooks
The euro hit a 22-month low against the dollar on Thursday on the prospect of diverging monetary policy between the Federal Reserve and the European Central Bank as rate differentials swing decisively
As Ukraine's debt tangle unwinds, Russia holds key thread
A selloff on Ukraine's dollar debt is focusing attention on a controversial $3 billion bond held by Russia, raising investor concerns that President Vladimir Putin could use the issue to trigger a cas
EU plans for Iran gas imports if sanctions go
The European Union is quietly increasing the urgency of a plan to import natural gas from Iran, as relations with Tehran thaw while those with top gas supplier Russia grow chillier.
Asia cheered by Wall St. rebound, dollar resumes advance
Asian stocks rose early on Thursday, cheered by a sizeable overnight rebound on Wall Street, while the dollar resumed its advance after upbeat economic data undercut safe-haven bids and pushed yields
