Category: Economics

US embassy in Jerusalem will increase Middle East instability, warns Saudi Arabian prince 0

US embassy in Jerusalem will increase Middle East instability, warns Saudi Arabian prince

Washington last week exited the landmark 2015 Iran nuclear deal and restored sanctions on President Hassan Rouhani’s administration. The 2015 agreement is fundamentally “flawed,” according to Al-Faisal, who said that it “concentrated only on...

Firebrand cleric Sadr on course to win Iraq election 0

Firebrand cleric Sadr on course to win Iraq election

Moqtada al-Sadr was leading in Iraq’s parliamentary election with more than half the votes counted, the electoral commission said, a surprise comeback for the powerful nationalist Shi’ite cleric who had been sidelined by Iran-backed...

Mark Mobius says combination of South and North Korea would be ‘beautiful’ for investors 0

Mark Mobius says combination of South and North Korea would be ‘beautiful’ for investors

“People who go in at the beginning in North Korea, given this combination of North and South, should do very well,” he added. Mobius’ comments come ahead of a meeting betweenU.S. President Donald Trump...

HSBC says it’s made the world’s first trade finance transaction using blockchain 0

HSBC says it’s made the world’s first trade finance transaction using blockchain

“The need for paper reconciliation is removed because all parties are linked on the platform and updates are instantaneous,” Vivek Ramachandran, head of growth and innovation at HSBC, said in a statement. “The quick...

US and China are still ‘very far apart’ on trade: US ambassador 0

US and China are still ‘very far apart’ on trade: US ambassador

The United States wants China to give a timetable on how it will open up its markets to U.S. exports as the two countries are still “very far apart” on resolving trade frictions, U.S....

Ukraine is about to make another crucial step toward Europe 0

Ukraine is about to make another crucial step toward Europe

This Thursday, the Verkhovna Rada (the parliament of Ukraine) is expected to consider a historic proposal to replace 25-year-old foreign exchange legislation with an entirely new law that will open our country to international...

More pain could be in the works for the Indian rupee and Indonesian rupiah 0

More pain could be in the works for the Indian rupee and Indonesian rupiah

Emerging market currencies are likely to feel more pressure amid the move higher in U.S. bond yields, a top Deutsche Bank economist said on Wednesday. “In a rising global interest rate environment, those countries...

Jailed opposition icon seen as Malaysia’s future leader is released from custody 0

Jailed opposition icon seen as Malaysia’s future leader is released from custody

Mahathir’s swift and largely unexpected election victory has raised some skepticism as to whether he will hand the baton to a former foe such as Anwar. “Dr. Mahathir in the past has been pretty...

Japan’s economy shrank for the first time in nine quarters 0

Japan’s economy shrank for the first time in nine quarters

Japan’s economy contracted more than expected at the start of this year, breaking the longest run of growth seen for decades, in a blow to Prime Minister Shinzo Abe’s reflationary ‘Abenomics’ polices. Wednesday’s data...

Turkey’s economy is entering a ‘slow burning crisis,’ analysts warn 0

Turkey’s economy is entering a ‘slow burning crisis,’ analysts warn

Turkey’s economy is overheating and if the government doesn’t act then the country is in trouble, according to several analysts. “The government has no intention of tackling imbalances or overheating,” Marcus Chenevix, global political...