Global Economics & Investing

By Michael Hartley CFP® | A curated collection of articles about economics, investing, and personal finance. Www.dkeadvisorsolutions.com

European shares set for first weekly fall since March

© Reuters. Traders work at Frankfurt's stock exchange in Frankfurt<p>MILAN (Reuters) - European shares bounced back in morning trading on Friday but …

Stock Markets

CANADA FX DEBT-C$ has biggest slide in a month as oil prices slump

© Reuters. CANADA FX DEBT-C$ has biggest slide in a month as oil prices slump<p>(New throughout, updates prices, market activity)<p>* Canadian dollar at …

Business (Canada)

Rand loses shine amid jittery global markets

The recent strength in the dollar and its ripple effects on emerging markets have helped tip the scales in favour a tighter monetary policy<p>25 May …

Stock Markets

German business morale steadies despite specter of global trade war

BERLIN (Reuters) - German business confidence held steady in May after falling for five straight months, a survey showed on Friday, suggesting company executives in Europe's biggest economy are keeping their cool despite the possibility of a global trade war.<p>The Munich-based Ifo economic institute …

Economy

EU may not enforce its rules on Italy, but financial markets will

BRUSSELS (Reuters) - EU officials will probably not do much to enforce their borrowing rules on Italy's new government, but they are hoping they won't have to because financial markets will do the job for them.<p>A new government is expected to take office in Italy next week, a coalition of the …

Economy

Toronto-Dominion CEO Says ‘Uncertainty’ Is Canada’s Biggest Risk

From trade talks and scrapped deals to elections and government infighting, “uncertainty" has emerged as the biggest obstacle for Canada, according …

Canada

Seattle Is Taxing Amazon to Help Solve Its Homeless Problem: Bad Move.

Amazon paid zero federal income tax on a 2017 profit of $5.6B. It received a $784M rebate from the new federal tax law. Seattle's "head tax" will cost it $12.4 million yearly for five years.<p>4 min read<p>Hundreds of cities have bent over backwards to court Amazon for a new HQ2, offering enticements …

Taxes

Gas prices are up 31% from last Memorial Day. Here's why

Get ready for sticker shock at the gas station if you're one of the estimated 36 millionAmericans hitting the roads this Memorial Day weekend.<p>Gone are the days of $2-a-gallon gasoline. A spike in crude oil prices has lifted the national average price of gas by 31% over the past year to an average …

Oil

US durable goods orders fell 1.7 percent in April

WASHINGTON (AP) — Orders for long-lasting manufactured goods fell in April amid weaker demand for aircraft. But a key category that tracks business investment rose after sliding in March — a sign of health for American industry.<p>The Commerce Department says U.S. orders for durable goods — …

Trump Administration

The wildly uneven recovery from the Great Recession

Only the most affluent zip codes have fully recovered from the Great Recession, while the economies of the country's most distressed communities …

Economics

EU economy growing at its fastest pace in a decade

The EU's economy is growing at the fastest pace in a decade according to a new report by the European Commission. Despite the good news of record employment, recovering investment and improved public finances, European officials made clear their worries about what impact the incoming euroskeptic …

Economy

U.S. Leapfrogs Singapore, Hong Kong to Win World’s Most Competitive Economy

The U.S. dethroned Hong Kong to retake first place among the world’s most competitive economies, thanks to faster economic growth and a supportive …

Economic Development

Australia back in top 20

In releasing the Australian results of the IMD World Competitiveness Yearbook, which ranks and assesses 63 countries, CEDA CEO Melinda Cilento said …

Economic Development

Singapore economy grew 4.4% in Q1; full-year growth forecast at 2.5-3.5%

SINGAPORE - The Singapore economy expanded by 4.4 per cent in the first three months of 2018, with full-year growth expected to come in at "2.5 to …

Economics

Romania to maintain fiscal stimulus policy until 2020: ruling party chief

BUCHAREST (Reuters) - Romania's government will maintain its policy of cutting taxes and raising the minimum wage and state pensions until 2020 in a bid to improve living standards, the leader of the ruling Social Democrats said on Wednesday.<p>The government could also make it optional to join a …

Economy

Singapore Posts Solid First Quarter Growth on Manufacturing

Singapore’s economy grew at a faster pace in the first quarter than initially estimated, supported by a healthy manufacturing sector.<p>Key …

Economy

How the BOJ Crushed Trading in Japan's $10 Trillion Bond Market

When Tadashi Kikugawa arrived on the Japanese bond desk at Fuji Bank in 1988 after finishing a college degree in physics, he had to get to grips with …

Private Sector

Most Fed policymakers say rate hike likely needed 'soon,' minutes show

WASHINGTON (Reuters) - Most Federal Reserve policymakers thought it likely another interest rate increase would be warranted "soon" if the U.S. economic outlook remains intact, minutes of the central bank's last policy meeting showed.<p>The readout of the meeting, released on Wednesday, also included …

Federal Reserve

ECB Prepares for Italy Standoff With Populists on Brink of Power

European Central Bank officials with memories of Greece’s brinkmanship aren’t about to blink as they face another populist government from a country …

Europe

China has been a great driver of our economy – but we can't rely on it

The importance of China to our economy over the past 15 years can hardly be overstated, but with that importance comes risks. A new study by researchers at the IMF looks at the links between the Australian and Chinese economies and examines the risks to Australia from both positive and negative …

China

Bank of Korea Stands Pat After Disappointing Economic Data

The Bank of Korea left its benchmark interest rate unchanged on Thursday, after recent weakness in economic data raised concerns about the …

Economic Data

Here’s How India’s Economy Is Faring After Four Years Under Modi

Prime Minister Narendra Modi completes four years in office on May 26. He’s used the time to give India its biggest tax reform, overhauled a …

Economy

Dollar weakens as Trump nixes North Korea summit

NEW YORK (Reuters) - The dollar slipped against a basket of currencies on Thursday and hit a two-week low against the Japanese yen, after U.S. President Donald Trump scrapped a summit meeting with North Korean leader Kim Jong Un and as traders booked profits following the greenback's recent …

North Korea

Turkey's Central Bankers Locate Their Spines

Raising rates to support the lira leads market commentary.<p>What took you so long? That was the question investors were asking Turkey's central bank after policy makers finally acted to arrest the lira's epic 17 percent slide since mid-March by raising interest rates 3 percentage points to 16.5 …

Central Banks

Eurozone economy's slowdown may be longer than expected

A much-anticipated economic pick-up across the 19-country eurozone does not appear to be materializing yet, if one closely-watched survey is anything to go by.<p>Financial information firm IHS Markit said Wednesday that its purchasing managers' index for the eurozone — a broad gauge of business …

Economics

Stock markets drop after Trump signals dissatisfaction with China negotiations

The Dow Jones fell after Trump said he isn’t satisfied with US-China trade talks and cast doubt on the North Korea summit<p>The Dow Jones stock index dropped 200 points on Tuesday after Donald Trump said he was not satisfied with US-China trade talks and cast doubt on whether a summit with North …

Donald Trump

Misbehaving: The Making of Behavioral Economics

• <b>Author:</b> Richard H. Thaler<p>Winner of the Nobel Prize in Economics<p>Get ready to change the way you think about economics.<p>Nobel laureate Richard H. Thaler has spent his career studying the radical notion that the central agents in the economy are humans—predictable, error-prone individuals. Misbehaving …

The Next Industrial Revolution Is Rising In Japan

It wasn’t too long ago that the concept of carrying a sophisticated computer, camera and phone, all rolled into one gadget fitting in your pocket, was the stuff of science fiction. Now smartphones are everywhere and they’re getting smarter all the time. Imagine when your phone will be able to …

World Economic Forum

Will AI be a bane or boon for global development?

UNDP Around the world<p>×<p>A<p>B<p>C<p>Cambodia Cameroon Cape Verde Central African Republic Chad Chile China Colombia Comoros Congo (Dem. Republic of) Congo …

Artificial Intelligence