Mike De Jesus

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China’s model of economic development is becoming more popular in Africa than America’s

More African countries are looking East for inspiration on how to grow and manage their economies. According to a survey by Afrobarometer, China is the second-most popular international presence on the continent, only slightly behind the United States. “China rivals the United States in influence …

ECB will provide stimulus until sustained inflation rebound | Reuters

LONDON/FRANKFURT (Reuters) - The European Central Bank will provide stimulus until a sustained inflation rebound, even as its unprecedented measures come with side effects and face constraints, two policymakers said on Friday, just as the bank is contemplating more easing.<p>Benoit Coeure, member of …

Flight of financial activity from UK likely in 'hard Brexit': ECB's Lane | Reuters

LONDON (Reuters) - There is likely to be a significant flight of financial activity out of Britain if companies are no longer regulated on equivalent terms to those in the European Union after Brexit, European Central Bank council member Philip Lane said on Friday.<p>Philip Lane, Governor of the …

China Shares Rise For Third Week

China stocks dipped on Friday, as investors sifted through a slew of corporate earnings to assess China's economic health, with weakness in big-cap infrastructure stocks offsetting strength in financials.<p>The blue-chip CSI300 index fell 0.1 percent, to 3,340.13, while the Shanghai Composite Index …

CHART: US companies are paying out rather than investing for the future

shutterstock<p>In an era of sluggish economic growth and short-term incentives linked to stock price performance, it perhaps comes as no surprise that many US firms are choosing to lift investor payouts rather than invest for the future.<p>This relationship is no better demonstrated than in the chart …

Euro zone economic sentiment jumps in October | Reuters

BRUSSELS (Reuters) - Euro zone economic sentiment was much better than expected in October driven by higher optimism in industry and services, a monthly European Commission survey showed on Friday.<p>The European Union flag is seen flying, at the border of Gibraltar with Spain, in the British overseas …