NFP International

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Record capital flight from China as industrial slump drags on

China's state media decries "unimaginably fierce resistance" to economic reforms, a sign that president Xi Jinping is becoming furious with incompetent party officials<p>Capital outflows from China have surged to $190bn over the last seven weeks, forcing the authorities to intervene on an …

Millionaires Migrating To U.K., U.S., Singapore And Australia, Report Says

New World Wealth, in association with LIO Global, has just completed its second annual review of worldwide millionaire migration patterns.<p>The report compared the principal locations of a sample of approximately 60,000 global high net worth individuals in 2000 with the same sample in 2014.<p>The report …

United Arab Emirates

Top 10 things to know about the Mexican economy

Today’s Mexico is large, diversified, and growing stronger.<p>Ahead of our World Economic Forum on Latin America 2015, which takes place in Riviera …

Greeks rally ahead of eurozone crunch talks

As the sun set over Athens, thousands gathered outside of parliament for an anti-austerity demo, but could the sun also be setting on Greece’s future in the eurozone?<p>Announced on Facebook, thousands gathered on Syntagma Square to support the government in its negotiations with international lenders.<p>…

Endgame looms for Greek crisis as both sides take debt negotiations to the brink

Premier Alexis Tsipras will come to a fork in the road on Thursday, but whether or not a deal is made, the future for his country is bleak<p>Eleventh-hour talks to avoid Greece defaulting on its debt and plunging the eurozone into crisis intensified at the weekend with Greek officials flying to …

Which Latin American nation is most competitive?

Chile is the most competitive economy in Latin America, according to the World Economic Forum’s Global Competitiveness Report 2014-2015. The country …

What do Greece and Argentina have in common?

Aside from an established tradition of bad macroeconomics, what do Greece and Argentina have in common? One answer is that they were the world’s …

Which country is top for trade in Latin America?

Chile’s openness makes it the only Latin American nation in the global top 10 for enabling trade, according to the World Economic Forum’s Enabling …

Why didn’t austerity work in Greece?

The seemingly interminable negotiations between the new Greek government and its international creditors – the International Monetary Fund, the …

Venezuelans look to unload bolivars as currency continues to tumble | Fox News

Venezuelans are dumping their rapidly-depreciating currency at a quicker pace, leading to a staggering plunge in its free-market value, as the crisis-plagued economy edges closer to an outbreak of hyperinflation.<p>DolarToday, a widely followed website that tracks exchanges made near the Colombian …

US Top Diplomat Returns To Venezuela To Smooth Bilateral Ties

A top U.S. diplomat returned to Caracas this week to continue efforts to repair the U.S.-Venezuela relationship, which has frayed in the aftermath of …

Skype Translator Now Available For Windows 8.1, Windows 10

The general public can now use Skype Translator to talk to friends in four different languages in real time. This is thanks to Microsoft dropping the …

Greek funny money: no thanks

2015-02-23T12:59:30.000Z<p>By: FT Alphaville<p>Does money have value because the state says it’s money, or because the population trusts that it’s …

EU patience frays as Greek PM refuses 'blackmail'

BRUSSELS/ATHENS (Reuters) - A war of words between Greece and EU paymaster Germany escalated on Tuesday with Athens’ new leftist prime minister rejecting what he called “blackmail” to extend an international bailout and vowing to rush through laws to reverse labor reforms.<p>A source close to the …

Europe

Guest post: Dubai – the UAE’s hedge against oil

<i>By Philippe Dauba-Pantanacce, Standard Chartered</i><p>The news that Dubai has overtaken London Heathrow as the world’s busiest international airport is a …

Oil Prices Changing the Face Of Global Geopolitics

In a documentary that aired recently on the Canadian Broadcasting Corporation’s popular The Fifth Estate program, an allegory of Vladimir Putin was …

Venezuela's Maduro gets ticker tape parade amid looming political, economic crisis | Fox News

President Nicolas Maduro was greeted by the Venezuelan equivalent of a ticker tape parade Saturday as he returned to an increasingly stricken economy from a two-week fundraising trip.<p>Crowds of government supporters danced to live salsa, clutched brightly colored balloons and cheered as the …

A remarkable day on the currency markets

In one of the most remarkable days in the foreign exchange market for at least 20 years, the Swiss franc rose by an astonishing 30% against the euro …

The Good, Bad, and Ugly of Plunging Oil Prices

Crude oil prices plunged to a six-year low Tuesday in a potentially painful threat to oil-exporting nations that rely on crude to power their …

Google moves one step closer to becoming a universal translator

Even with the assistance of modern technology, holding a conversation in two different languages can be difficult. Google Translate allows you to speak with someone and have each utterance translated as text and audio, but until now you had to manually toggle every time the other person talked. As …

Citizenship Renunciation Fee Hiked 422%, And You Can't Come Back

Tax rules for U.S. citizens are notoriously unforgiving and notoriously expansive, even for those living abroad. They are one reason the uptick in American expatriations is continuing. In fact, given the demand, the State Department raised the fee for renunciation of U.S. citizenship from $450 to …

U.S. State Department

Britons told to get ready for 'joyflation' by economists

The term was coined by Oxford Economics to describe the combination of the oil-driven slowdown in inflation and accelerating economic growth<p>While people living in other countries’ are used to suffering from economic “deflation” and even “stagflation”, Britons are about to get a dose of “joyflation”.<p>…

Economics

Venezuela Announces Financing From Qatari Banks As Oil Prices Continue To Fall

Venezuelan President Nicolás Maduro this week announced another financial lifeline for his struggling economy -- this time from Qatar. Speaking …

Hong Kong has 'met UK aspirations' says ex-Thatcher aide

<b>Hong Kong has largely remained the place the UK "hoped it would be" under Chinese control, a former adviser to Margaret Thatcher has said.</b><p>Lord Powell told MPs that Britain's "highest aspirations" for Hong Kong had broadly been met in the 30 years since it agreed to hand over …

Eurozone slips into deflation in December

THE eurozone slipped into deflationary territory in December for the first time since the height of the financial crisis in 2009, European Union …

Economics

The Horror Of Deflation Returns to the Eurozone, as Greek Politics Constrains the ECB

Trailed as widely as any big-budget horror film, deflation has at last hit European screens.<p>Consumer prices fell by 0.1% in December, the first annual fall since a five-month stretch of deflation ending in October 2009, during the depths of the financial crisis.<p>And there could be further …

Economics

Venezuela says China to invest over $20 billion, mum on loans

CARACAS (Reuters) - President Nicolas Maduro said on Wednesday he had secured more than $20 billion in investment from China for Venezuela’s economic, social, and oil-related projects, but was mum on potential new loans for the cash-strapped OPEC member.<p>Venezuela's President Nicolas Maduro at the …

Nicolás Maduro

Economic Forecast 2015-2017

<i>Update: I have an updated economic forecast for 2016 and 2017, including business to-do lists for the new year.</i><p>The economic outlook for the United States in 2015 looks solid, though longer term forecasts must wrestle with the question of when the next recession will occur.<p>A downturn is likely to …