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Adib, US expert discuss global economySenior officials of Abu Dhabi Islamic Bank (Adib) met recently with renowned US economist Larry Summers to discuss developments in the regional and global economy during a visit to the UAE capital. Summers served as the Secretary More… |
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Mixed signals for the global economyA flood of data this week will paint a mixed picture of the global economy, with belt-tightening continuing to dampen activity in the euro zone, but accommodative policies helping to stimulate growth in Japan. Reports from the US More… |
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Struggling factories underline fragility of world growthManufacturing across the world stumbled last month, underlining the fragility of the global economy and building the case for more action from leading central banks. Gloomy purchasing managers indexes - surveys of factory activity More… |
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Growth fears hit shares and oil, gold stableWorld shares and industrial commodities fell on Wednesday as global growth concerns overwhelmed support from the prospect of ongoing central bank stimulus in the US and Japan. The growing belief the Federal Reserve will maintain i More… |
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Gold hits 2-year low as China growth disappointsGold's hefty losses picked up pace on Monday, dropping to its lowest since March 2011, and investors slashed exposure to commodities for a second day after underwhelming Chinese data signalled a setback for the global economy. More… |
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2013 shaping up for another tricky vintageWith three months into the year, there is already a nagging sense that 2013, like last year and the one before, will produce another disappointing vintage for the world economy. Japan's $1.4 trillion monetary barrage stole the More… |
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US manufacturing slows; Chinese factories riseStrong demand at home boosted activity at Chinese factories last month, but US manufacturing hit an unexpected speed bump after expanding rapidly in February, weakened by a slower pace of new orders. More… |
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Hoping for answers to three big questionsThis week should bring clarity on three major issues hanging over the world economy: might the Federal Reserve withdraw monetary stimulus sooner rather than later? Will Italy elect a stable, reform-minded government? Will Japan More… |
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G20 expected to follow growth signpostsWith the road ahead looking a bit smoother, G20 finance ministers will be happy to ignore the wreck in the rear-view mirror when they meet this week to steer a course for the world economy. More… |
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World Bank cuts growth outlook for this yearA frustratingly slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply cut its outlook for world growth in 2013. The World More… |
