Global Economics & Investing

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

A Debt Crisis Seems To Have Come Out Of Nowhere

It's a problem that has come seemingly out of nowhere. Over the last five years a worrisome number of low-income countries have racked up so much debt they are now at high risk of being unable to pay it back — with potentially devastating consequences not just for their economies but for their …

Africa

IMF, World Bank kick off spring meetings on dour note

Opening the sessions of the two global lenders, IMF chief Christine Lagarde has warned governments about harming global trade and investment through …

Economy

Dollar hits two-week peak on higher U.S. yields; sterling sags

NEW YORK (Reuters) - The U.S. dollar rose to a two-week high against a basket of currencies on Friday on rising U.S. yields, while sterling extended a decline in the wake of dovish comments from the head of the Bank of England.<p>The euro fell to a two-week low versus the dollar, for its biggest …

Economics

Tame inflation keeps pressure on Bank of Japan to maintain stimulus

TOKYO (Reuters) - Japan's headline inflation slowed in March from February, highlighting the central bank's struggle to hit its 2 percent price growth target after five years of heavy stimulus, keeping it under pressure to maintain an ultra-easy monetary policy.<p>The core consumer price index, which …

Economics

Finland is killing its world-famous basic income experiment

Claudio Bresciani/TT<p><b>Finland’s basic income experiment made headlines around the world when it launched in 2017, and is now in its second and final year.</b><p><b>The project involves 2000 unemployed Finns, who receive roughly $690 every month – no strings attached. No official findings have yet been</b> …

Income Inequality

These 11 countries could be the future of the global economy

On a recent holiday in Vietnam, Cambodia, and Laos, I couldn’t resist thinking about these countries’ economic potential and ongoing policy …

Economics

Trump slams TPP as US re-entry prospects dim

Prospects of the U.S. re-joining the Trans-Pacific Partnership (TPP) dimmed this week, after President Donald Trump tweeted he didn’t like the current deal and an ambassador from Singapore expressed resistance to renegotiation.<p>National Economic Council Director Larry Kudlow late Tuesday said that …

Donald Trump

Asian shares higher on optimism about global growth

HONG KONG (AP) — Asian shares rose on Thursday as improving optimism about the global economy helped investors shake off worries about geopolitical risks for the moment.<p>KEEPING SCORE: Japan's benchmark Nikkei 225 index rose 0.6 percent to 22,293.97 and South Korea's Kospi added 0.4 percent to …

Stock Markets

Iran switches from dollar to euro for official reporting currency

LONDON (Reuters) - Iran will start reporting foreign currency amounts in euros rather than U.S. dollars, state media said on Wednesday as part of the country's effort to reduce its reliance on the U.S. currency due to political tension with Washington.<p>The new policy could encourage government …

South Asia

Bank of England Seen Hiking Rates Just Once in 2018

For those still guessing what the Bank of England means when it says the tightening cycle will be “limited and gradual,” most economists expect just …

Economics

IMF sees strong growth for New Zealand, flags medium-term housing risks

WELLINGTON (Reuters) - The International Monetary Fund (IMF) said on Tuesday that it expected New Zealand to show robust economic growth this year, but noted the housing market still posed medium-term risks to the economy.<p>The IMF expected New Zealand's economy to grow by 3 percent in the near term …

Economics

China’s Economic Growth Remains Robust Amid Strong Retail Sales

China’s economic expansion held up amid robust consumer spending, underpinning global growth and giving authorities more room to purge excessive …

China

U.S. Dials Up China Criticism But Names No FX Manipulators

The Trump administration stepped up its criticism of China’s lack of progress in rectifying its trade imbalance with the U.S., amid a brewing dispute …

Economy

U.S. set to support $13 billion World Bank capital increase: FT

U.S. set to support $13 billion World Bank capital increase: FT<p>WASHINGTON (Reuters) - The United States is set to support a $13 billion capital …

World Bank

SNB's Jordan says still too early to alter monetary policy course

ZURICH (Reuters) - An exit from the Swiss National Bank's ultra-loose monetary policy remains off the agenda despite the Swiss franc weakening to its lowest level in more than three years, chairman Thomas Jordan said on Saturday.<p>The SNB has stuck to a recipe of negative interest rates and …

Economics

Expectations of global growth are overinflated

There's a rumble in the jungle, but not everyone has heard it. For those with their ear to the ground, the drumbeat of weakening broad money growth …

Globalization

Japan just found a 'semi-infinite' deposit of rare-earth minerals — and it could be a 'game-changer' in competition with China

Researchers have found a deposit of rare-earth minerals off the coast of Japan that could supply the world for centuries, according to a new study.<p>The study, published in the journal Nature on Tuesday, says the deposit contains 16 million tons of the valuable metals.<p>Rare-earth minerals are used in …

Rare Earth

MAS tightens policy for first time since April ’12

A general view of the Monetary Authority of Singapore headquarters. Singapore’s central bank tightened monetary policy for the first time in six …

Economy

04/13/2018: Consumers are feeling good about the economy, but they're not spending

News happens while you sleep. Marketplace Morning Report gives you a head start on the day. Throughout the morning, host David Brancaccio shares the latest on markets, money, jobs and innovation, providing the context you need to make the smartest decisions. And from London, host Anu Anand presents …

World Economy

Previewing the U.S. Treasury’s April Foreign Exchange Report

The U.S. Treasury Department’s next foreign exchange report is due on April 15—so it should come out soon, maybe even tonight.<p>More From Our …

Economics

Good News: The CBO Reports The Federal Government Deficit Will Be Larger Than First Thought And Go On For Decades

Contrary to mainstream opinion the CBO report is a positive result.<p>The CBO finds that higher deficits will lead to higher and faster GDP growth and …

Economics

US Consumer sentiment fell in March on trade policy worries

U.S. consumers' confidence slipped this month, mainly due to concerns about the Trump administration's trade policies on the U.S. economy. The University of Michigan on Friday said the preliminary result of its consumer-sentiment index was 97.8 in April, down from 101.4 in March. The preliminary …

Economy

Trump Proposes Rejoining Trans-Pacific Partnership

WASHINGTON — President Trump, in a sharp reversal, told a gathering of farm-state lawmakers and governors on Thursday morning that the United States was looking into rejoining a multicountry trade agreement known as the Trans-Pacific Partnership, a deal he pulled out of days after assuming the …

Globalization

Stocks edge up as attention turns to earnings season

Big profit reports from several banks Friday reminded markets that already healthy earnings for U.S. companies are climbing even higher, and the Standard & Poor's 500 index rose to put itself on track to close out its best week in a month and a half.<p>Stocks around the world also climbed Friday, the …

Stock Markets

Job Openings in U.S. Declined in February to 6.05 Million

U.S. job openings pulled back in February and January’s figure was revised lower, Labor Department data showed Friday.<p>Vacancies fell by 176,000 to …

Employment

Singapore central bank's first tightening in six years comes with trade warning

SINGAPORE (Reuters) - Singapore's central bank tightened monetary policy for the first time in six years on Friday, saying the city-state's economy is expected to continue growing steadily even as it acknowledged risks from a trade spat between the United States and China.<p>The Monetary Authority of …

Economy

Indonesia credit rating upgraded by Moody's

JAKARTA, Indonesia (AP) — Moody's upgraded Indonesia's credit rating on Friday due to increased confidence the government will maintain its recent track record of responsibly managing the national budget and interest rate policy.<p>In a boost for President Joko "Jokowi" Widodo's ambitious plans to …

Asia

Japan's economy likely stalled in first quarter, but set to pick up again: Reuters poll

TOKYO (Reuters) - Japan's longest run of economic growth since the 1980s asset bubble was expected to stall in the first quarter but is seen likely to regain some momentum over the course of the year, a Reuters poll of economists showed.<p>The economy was seen growing at an annualized rate of 0.5 …

Economy

China Posts Trade Blip, Soft Credit as Upbeat GDP Report Awaited

China’s overseas shipments posted a decline on seasonal effects around the Lunar New Year holiday, and credit growth slowed -- two final data points …

Economy