International Monetary Fund

South Korea marks unhappy anniversary of Asia's financial crisis

When South Korea's economy was facing ruin two decades ago, the government was rescued by the International Monetary Fund in a multi-billion dollar bailout.<p>When South Korea's economy was facing ruin two decades ago, the government was rescued by the International Monetary Fund in a multi-billion …

Economy

IMF sees growing need for commodity economies to diversify

Johannesburg - The poor economic outlook for commodity producing economies intensifies the need for diversification, according to Dr Gian Maria …

Business (South Africa)

Why the hunt for yield is so desperate for bond investors, in 2 charts - MarketWatch

The lot of a bond fund manager is a tough one.<p>Asset buying by global central banks is blamed for pressing bond yields to historic lows, while leaving …

Finance

IMF says wages will be ‘slow to rise’ but low interest rates will last for years

International Monetary Fund says conditions suggest pickup in growth on its way but warns it would only be modest<p>The International Monetary Fund has said the conditions seem right for a pickup in growth in Australia but warned it would only be modest, with record-low wage growth weighing on …

Economy

Australia should phase out stamp duty and cut corporate tax rates: IMF

Australia should slash corporate and individual tax rates, and impose higher taxes on land and consumption, the International Monetary Fund (IMF) has …

Economy

RBA Frets Over Wage Growth, Signaling Rates to Remain on Hold

Australia’s central bank signaled less confidence in the outlook for fatter pay packets, despite faster full-time hiring, suggesting interest rates …

Economy

News Highlights: Top Global Markets News of the Day

Global Economy Week Ahead: U.S. Durable Goods, Eurozone Confidence, U.K. Tax Plan<p>The week ahead will feature durable-goods data in the U.S., while in Europe, a reading on eurozone consumer confidence is due and the U.K. Treasury chief will present his latest tax plan.<p>Euro Drops After German Talks …

Economy

Government hoping for optimistic IMF report

The Turnbull government will be hoping for a more upbeat report on Australia when the International Monetary Fund releases its preliminary annual …

Economy

Seize global tax challenge, IMF tells Canberra

Australia should seize the opportunities thrown up by a global push to cut company taxes to cut company and individual taxes in exchange for higher …

Economy

IMF still upbeat on Myanmar despite Rakhine strife

The International Monetary Fund expects Myanmar's economy to grow up to 6.7% in the current fiscal year ending in March next year. (Bangkok Post …

Asia

India moves up one notch to 126 in per capita GDP terms: IMF data

Among BRICS countries, India has the lowest per capita GDP. Russia boasts of a GDP per capita of $27,900, while for China, it stood at $16,620, …

Business (India)

Lower pound boosting inbound tourism to Britain

LONDON — Many British businesses are becoming cautious as they try to gauge the impact of the country's looming departure from the European Union. But there's one industry enjoying a "Brexit bounce" — the tourism sector.<p>The sharp fall in the pound since last year's Brexit vote — it's down around …

Money

Significant Digits For Friday, Nov. 17, 2017

<i>You’re reading Significant Digits, a daily digest of the numbers tucked inside the news.</i><p>400,000 fewer people<p>Economist Jose Villamil estimated that by …

Robert Mugabe

Hunting Angels: What The World's Most Bearish Hedge Fund Will Short Next

If we really want to get to the root of this issue, we will examine the fundamental nature of the relationship between governments and citizens.<p>New …

Finance

Tunisia's Q3 Growth at 2.1% Year-on Year

Tunisia’s economic growth remained stable at 2.1 percent year-on-year in third quarter, the state statistics institute said on Thursday.<p>The growth …

Economy

Sovereign Funds Should Sell Off Oil Assets

Norway's setting a good example for Middle Eastern states with large rainy-day funds.<p>It's easy to see the oil and gas asset sell-off proposed by Norges Bank Investment Management, the entity that runs Norway's $1 trillion sovereign wealth fund, as a bet on the hydrocarbon industry's long-term …

Oil

Watch Your Debt, IMF Warns Nigerian Govt

Watch Your Debt, IMF Warns Nigerian GovtThe International Monetary Fund has warned Nigeria and other sub-Saharan African countries of excessive debt …

Economy

Greek Bailouts Left Much to Be Desired, EU Auditors Conclude

Greece’s successive bailouts have only met their objectives to a limited extent as economic growth remains weak, debt has increased and banks’ …

Greece

Belarusian economy up by 2 percent in Jan-Oct 2017

Belarusian economy up by 2 percent in Jan-Oct 2017<p>Belarusian President Alexander Lukashenko takes the oath of office, starting his fifth term, during …

Economy

Libyans swap jewelry for medical treatment as crisis bites

TRIPOLI (Reuters) - In a square behind Libya's central bank, black market dealers, some of them armed, carry small plastic bags filled with dollars …

Commodities

10 things you need to know in markets today

Good morning! Here's what you need to know in markets on Wednesday.<p><b>1. Chaos erupted in Zimbabwe prompting rumours of a coup.</b> Multiple explosions were heard and soldiers stormed the state broadcaster before announcing their actions were "not a military takeover."<p><b>2. A survey from Bank of America</b> …

Business

India's GDP projected to grow at 6.2% in FY18; real agriculture GVA would grow at 3 percent: Study

<b>New Delhi:</b> Indian economy is projected to grow at 6.2 percent in 2017-18, a report by economic think-tank NCAER said. In its mid-year review of the …

Economy

Visiting IMF team projects 5.1 growth, lower than official projection

A visiting International Monetary Fund (IMF) team has projected that the Indonesian economy will grow 5.1 percent this year, slightly lower than the …

Economy

Nobody is going to bail out Venezuela

Venezuela, the South American country convulsed by economic and humanitarian catastrophe, has defaulted on some of its debt after missing an interest …

Economy

Venezuela just defaulted, moving deeper into crisis

Venezuela, a nation spiraling into a humanitarian crisis, has missed a debt payment. It could soon face grim consequences.<p>The South American country defaulted on its debt, according to a statement issued Monday night by S&P Global Ratings. The agency said the 30-day grace period had expired for a …

Venezuela

U.S Probes Banks For Allegedly Aiding Corruption in Mozambique

Parliament has legalised the remainder of the U.S.$2 billion secret loans and accepted them as legitimate government debt before the completion of a …

Mozambique

Exclusive - Glencore offers Chad new plan to repay more than $1 billion loan

LONDON (Reuters) - Commodities trader Glencore (L:GLEN) has offered Chad a grace period from principle repayments on a more than $1 billion (£759.2 …

Chad

U.S. Stock Market Volatility at Lowest in Over 50 Years

Investing.com - The 12 months since Donald Trump’s shock U.S. presidential election victory has seen the lowest volatility in the U.S. stock market …

Finance

World leaders to meet under all-female co-chair team at Davos 2018

ZURICH (Reuters) - The next World Economic Forum of world leaders and CEOs in Davos will be chaired by women including International Monetary Fund director Christine Lagarde, Norwegian Prime Minister Erna Solberg and IBM's (IBM.N) chief executive Ginni Rometty.<p>The seven co-chairs for the four-day …

Christine Lagarde

IMF says Europe's growth more durable, warns of 'disruptive' Brexit threat

LONDON (Reuters) - Europe's economy is now hitting its stride, the International Monetary Fund said on Monday, but a disruptive Brexit could result in "appreciably" lower growth for both Britain and the euro zone.<p>The IMF's latest Regional Economic Outlook, which looks at more than 40 countries from …

Economy